For families living in four-room HDB flats, the average monthly electricity bill will go down by S$3 or 2.6 per cent before GST
HOUSEHOLD electricity and gas bills are set to fall in the fourth quarter of 2024, following a decline in tariffs announced by state energy suppliers on Monday (Sep 30).
From Oct 1 to Dec 31, the electricity tariff before the 9 per cent goods and services tax (GST) will decline by 2.6 per cent or S$0.0078 per kilowatt-hour (kWh) compared with the previous quarter. This means the electricity tariff before GST will edge down to S$0.291 per kWh from S$0.2988.
For families residing in Housing and Development Board four-room flats, the average monthly electricity bill will go down by S$3 or 2.6 per cent before GST.
Local power grid vendor SP Group attributed the fall in tariff to energy costs being lower in Q4 than in the third quarter.
Energy costs, paid to power generation companies, comprise 76.8 per cent of the Q4 electricity tariff and will decrease by S$0.0078 per kWh.
The other components contributing to the overall electricity tariff – network costs, market support services fee, as well as the the market administration and power system operation fee – will remain unchanged in the final quarter of the year.
Separately, City Energy announced that the gas tariff before GST will fall by S$0.0045 to S$0.2297 per kWh in Q4.
After factoring in the 9 per cent GST, the general tariff will be S$0.2504, said the piped gas producer and retailer, who also noted that the fall in tariff was due to fuel costs being lower than in Q3.
Both SP group and City Energy review tariffs quarterly, based on guidelines set by the Energy Market Authority.
