Chart of the Day: Electricity tariff for April to June 2018 raised 2.8%

This is mainly due to the higher energy cost of producing electricity.

This chart from SP Group shows the quarterly household electricity tariff has been rising for three consecutive quarters. On 29 March, the company announced that the tariffs for 1 April to 30 June 2018 will increase by an average of 2.8% or 0.59 cent per kWh compared to the previous quarter.

This means that for households, the electricity tariff will increase from 21.56 to 22.15 cents per kWh for 1 April to 30 June 2018. The average monthly electricity bill for families living in four-room HDB flats will increase by $1.86.

In July to September 2017, households shouldered 20.72 cents per kWh. It dipped to 20.3 cents in the next quarter. However, the tariff rose again to 21.56 in the first quarter of 2018.

“This is mainly due to the higher energy cost of producing electricity,” SP Group said.

SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.

The electricity tariff consists of four components, namely, energy costs, network costs, market support services fee, and market administration and power system operation fee.