Electricity tariffs (before 7% GST) will increase by an average of 6.4% or 1.43 cents per kWh compared with the previous quarter for the period from 1 July to 30 September 2019.
In a press release on Saturday (29 June), SP Group stated that this mainly due to the higher cost of natural gas for electricity generation compared with the previous quarter.
The authority stated that for households, the electricity tariff (before 7% GST) will increase from 22.79 to 24.22 cents per kWh for 1 July to 30 September 2019.
The average monthly electricity bill for families living in four-room HDB flats will increase by $5.20 (before 7% GST).
SP Group stated that it reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.