SINGAPORE: The electricity tariff will go up by an average of 3.7 per cent from October to December, SP Group said on Friday .The utilities provider said the increase was due to higher energy costs compared with the previous quarter.
For households, the electricity tariff before GST will increase from 27.74 to 28.70 cents per kWh. The average monthly electricity bill for families living in Housing Board four-room flats will increase by S$3.57 before GST.
The energy costs component is adjusted quarterly to reflect the changes in the cost of fuel and power generation. The fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. The cost of power generation covers mainly the costs of operating the power stations, such as the manpower and maintenance costs, as well as the capital cost of the stations.