Electricity tariffs to fall from April to June 2024 after 3 consecutive rounds of increases
Electricity tariffs will decrease by 0.3%, or about 0.10 cents per kWh from April to June 2024.
SP Group said that this is due to lower energy costs compared to previous quarters.
This is the first time electricity tariffs have come down after three consecutive rounds of increases.
Households to pay 29.79 cents per kWh for electricity tariffs from April 2024
SP Group announced the decreased electricity tariffs via a media release on Thursday (27 March).
From 1 April to 30 June, electricity tariffs will decrease by 0.3%, or 0.10 cent per kWh, from the previous quarter.
With the revised rates, households in Singapore will pay 29.79 cents per kWh.
SP Group estimated that the lower electricity tariffs will translate to savings averaging S$0.33 for families living in four-room HDB flats.
Source: SP Group
Meanwhile, those staying in bungalows will see their monthly electricity bills fall by S$1.95 on average.
First decrease after 3 consecutive rounds of tariff increases
SP Group explained that the lower tariffs are due to “lower energy costs” compared to previous quarters.
The fall comes after three consecutive rounds of tariff increases since last July.
Source: SP Group
SP Group attributed the previous increases to higher energy costs.
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