Electricity tariff to rise 3.5% in January-March to hit 5-year high

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SINGAPORE: Household electricity tariffs will increase by an average of 3.5 per cent for January to March 2020, said utility SP Group on Monday ...

SINGAPORE: Household electricity tariffs will increase by an average of 3.5 per cent for January to March 2020, said utility SP Group on Monday , to hit a five year high.

The rise of 0.81 cent per kWh - bringing the tariff to 24.24 cents from 23.43 cents per kWh in the previous quarter - is due to higher cost of energy, added SP Group.This means families living in four-room HDB flats can expect their average monthly bill to go up by S$2.76. The latest tariff will be the highest rate since the October to December period in 2014, when it was at 25.28 cents per kWh.

 

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