SINGAPORE - Electricity tariffs are set to rise by an average of 6.4 per cent in the third quarter of this year, SP Group said on Saturday .
Excluding the goods and services tax, this translates to a rise from 22.79 cents per kwh to 24.22 cents per kwh for households. This means that an average monthly bill for a family living in a four-room Housing Board flat will increase by $5.20. City Gas, a trustee of City Gas Trust, said in a statement on Saturday that the increase was due to higher fuel costs compared with the previous quarter.
The retailers generally offer prices that are about 20 per cent below SP Group's prevailing tariff under various schemes.
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