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.
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.
Meanwhile, those staying in bungalows will see their monthly electricity bills fall by S$1.95 on average.
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.
SP Group attributed the previous increases to higher energy costs.
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from ChinHooi on Canva.
Some felt that the dish was cruel while others expressed their disgust.
Employees were reportedly terminated after they repaid their inelgible claims.
This could be your ticket to getting into your dream school.
An unusual 'theft' indeed.
His younger brother saw the luxury car on the road and wanted to ride in…
He suffered bruising and a hairline fracture on his right arm.