For families living in 4-room HDB flats, the average monthly electricity bill will go down by 3.4%
HOUSEHOLD electricity and gas bills are set to continue falling in the first quarter of 2025, following a decline in tariffs announced by state energy suppliers on Monday (Dec 30).
From Jan 1 to Mar 31, the electricity tariff before the 9 per cent goods and services tax (GST) will decline by 3.4 per cent or 0.98 cent per kilowatt-hour (kWh) compared with the previous quarter.
This means the electricity tariff before GST will edge down to 28.12 cents per kWh from 29.10 cents.
For families residing in Housing and Development Board four-room flats, the average monthly electricity bill will go down by S$3.58 or 3.4 per cent before GST.
Local power grid vendor SP Group attributed the fall in tariff to energy costs being lower in Q1 than in the fourth quarter.
Energy costs, paid to power generation companies, comprise 76 per cent of the Q1 electricity tariff and will decrease by 0.98 cents per kWh.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
The other components contributing to the overall electricity tariff – network costs, market support services fee, as well as the market administration and power system operation fee – will remain unchanged in the first quarter of 2025.
Separately, City Energy announced that the gas tariff before GST will fall by 0.25 cent to 22.72 cents per kWh in Q1.
After factoring in the 9 per cent GST, the general tariff will be 24.76 cents, said the piped gas producer and retailer, who also noted that the fall in tariff was due to fuel costs being lower than in Q4.
Both SP Group and City Energy review tariffs quarterly, based on guidelines set by the Energy Market Authority.
Copyright SPH Media. All rights reserved.
