Electricity tariffs to fall 3.3% in October-December

Lower cost of natural gas caused the tariffs to fall.

Electricity tariffs will fall 3.3% or 0.79 cent per kWh starting 01 October until 31 December, SP Group announced. This was mainly due to the lower cost of natural gas compared with the previous quarter.

Also read: Chart of the Day: Household electricity tariff to fall 4.7% in Q2

The tariff for households will likewise drop to 23.43 cents per kWh from 24.22 in the same period. With the additional 7% GST, it will cost 25.07 cents per kWh.

The average monthly electricity bill for families living in four-room HDB flats will slide down by about $2.84.

All households can enjoy lower electricity tariffs with the bills for those living in HDB1, HDB2, HDB3 and HDB5 rooms set to fall $1.06, $1.40, $2.11 and $3.31 respectively, whilst those residing in apartment, terrace, semi-detached and bungalow homes can see electricity tariffs drop $4.15, $6.57, $8.55 and $16.70 respectively.