Singaporean households can expect a decrease in electricity tariff for the final quarter of 2024.
According to a media release by SP Group, the electricity bills for households will see a significant decrease of 2.6%, translating to a reduction of 0.78 cents per kWh compared to the previous quarter.
This decrease will be effective from 1 Oct to 31 Dec.
SP Group announced the decrease in electricity bills on Monday (30 Sept).
Households in Singapore can expect to pay an average of 29.10 cents per kWh (before GST), as compared to the current tariff of 29.88 cents per kWh.
This adjustment is attributed to declining energy costs and will result in an average monthly savings of $3 (before GST) for families residing in a four-room HDB flat.
Meanwhile, those staying in bungalows will see a S$16.54 decrease in their average monthly electricity bills.
Overall, electricity tariffs for both households and non-households will drop by an average of 2.5%, or approximately 0.70 cents per kWh.
This is the second consecutive decrease in electricity bills.
The previous quarter from April to June saw a drop in electricity tariff by 0.3%, also attributed to lower energy costs.
Source: SP Group
SP Group, which oversees these tariffs, conducts quarterly reviews based on the guidelines set by the Energy Market Authority (EMA). These regular revisions account for fluctuations in global fuel prices, thereby ensuring that tariffs accurately reflect current energy costs.
Also read: Electricity tariffs for S’pore households will fall by 0.3% from April to June 2024
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from Glassdoor and Kameleon007 on Canva, for illustration purposes only.
“How can something that isn’t human produce something with a human touch?" asked one of…
The woman eventually walked to the hospital by herself, said an eyewitnesses.
Proposals include a national minimum wage and allowing younger singles to apply for BTO.
The suspect also climbed onto a Mercedes-Benz, jumped on its roof, and stomped on the…
A lorry and a van appeared to have collided head-on.
The taxi was not ferrying any passengers when the incident occurred.
![](data:image/svg+xml;charset=utf-8,<svg height="585px" width="1024px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="604px" width="1024px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)