Household Electricity Bills To Increase From Jan To Mar 2020 Due To Higher Energy Cost
It’s not exactly the nicest news to receive during the season of giving, but electricity bills will be going up a little from Jan to Mar 2020. This was announced by Singapore Power (SP) Group on Monday (30 Dec).
According to the press release, the increase is due to higher energy cost in the first 3 months of the new year.
Electricity tariff to increase by 3.5%
From 1 Jan to 31 Mar 2020, electricity tariffs before the 7% GST, will increase by about 3.5%. That is about $0.81/kWh compared to the previous quarter.
The household electricity tariff before GST will increase from 23.43 to 24.24 cents/kWh for the first quarter of 2020.
According to The Straits Times, this tariff will be the highest since 5 years ago in 2014 when the electricity tariff hit 25.28 cents/kWh.
Household electricity bill increase by 3.5%
Monthly household electricity bills will rise 3.5%. This translates in an absolute rise of about $1 to $18, depending on the type of house you live in. Below is a table of the increase in cost you can expect.
For more information on how the electricity tariff is calculated, you can visit SP Group here.
Best way to start the year
Having to kick-start 2020 with increased electricity bills is probably a bit sian for most of us.
But may we count our blessings and be grateful for living in a country where we never have to worry about frequent or prolonged power outages.
After all, if you put things into perspective, for the average Singaporean, the increase means 1 less BBT a month. It’s really not that bad.
Feature images adapted from WikiMedia Commons.
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