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Electricity tariffs to increase by 6.9 per cent from July 1 to Sept 30: SP Group

SINGAPORE — The average four-room Housing and Development Board (HDB) household will pay S$5.61 more each month for electricity from July to September, as tariffs continue to rise after hitting a new high in more than two years in the first quarter of this year.

SINGAPORE — The average four-room Housing and Development Board (HDB) household will pay S$5.61 more each month for electricity from July to September, as tariffs continue to rise after hitting a new high in more than two years in the first quarter of this year.

Announcing the third consecutive rise on Friday (June 29), utility provider SP Group said electricity tariffs for the next three months will go up by 6.9 per cent on the back of higher cost of natural gas for electricity generation.

Between July 1 and Sept 30, SP Group will be charging 1.5 cent more per kilowatt hour (kWh), bringing up the tariffs to 23.65 cents per kWh.

An average one-room HDB household will pay S$2.05 more per month, while a household living in a terrace house will pay S$13.78 more. Their average monthly bills in next quarter would be S$32.27 and S$217.38 respectively.

Meanwhile, a household living in a bungalow will pay S$37.85 more, bringing up the average monthly bills for them to a high of S$596.77.

SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority, the electricity industry regulator which has to approve any revisions.

In the previous quarter, citing rising cost of producing electricity, SP Group increased tariffs by 2.8 per cent, or 0.59 cents per kWh — on the back of a 6.3 per cent increase in its preceding quarter.

From April, some 108,000 households and 9,500 business accounts in Jurong (postal codes starting with 60, 61, 62, 63 and 64) have the option to choose which provider to buy their power from — a break from the current model of getting it from a sole, government-linked provider — which could result in some savings.

The option will be extended to the rest of Singapore in the second half of 2018.

Since 2001, the Government has progressively opened up the electricity market to competition to promote more competitive pricing as well as give consumers more choices.

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