More than 950,000 Singaporean HDB households are set to receive U-Save and Service & Conservancy Charges (S&CC) rebates next month.
These rebates, announced during Budget 2024, mark the second quarterly release for the 2024 Financial Year (FY2024).
They aim to alleviate GST and cost-of-living expenses for lower- and middle-income HDB households.
Eligible households can expect U-Save rebates ranging from S$550 to S$950.
One- and two-room flat residents will receive the highest rebates.
The Ministry of Finance (MOF) stated that the U-Save rebates, on average, will cover approximately eight months of utility bills for one- and two-room flat residents.
On the same day as MOF’s statement, announcements were made regarding increases in gas and electricity tariffs for the third quarter of 2024.
In a press release, SP Group disclosed that electricity tariffs will rise by 0.3%, equating to an increase of 0.09 cents per kilowatt hour (kWh) from 1 July to 30 Sep.
The adjustment is attributed to elevated energy costs.
Additionally, City Energy issued a separate statement indicating a 0.30 cent per kWh increase in gas tariffs for the same period.
In addition to U-Save rebates, eligible households will automatically receive up to a month’s worth of S&CC rebates in July.
Source: MOF
In total, eligible households will receive up to four months of S&CC rebates throughout FY2024.
This includes a one-off Budget 2024 Cost-of-Living S&CC Rebate, which will be disbursed in January 2025.
Eligible households need not take any action to claim the U-Save and S&CC rebates.
The U-Save rebates will be directly credited into the households’ utilities account with SP Services.
As for the S&CC rebates, town councils will credit them to the respective households’ S&CC accounts.
Also read: Electricity tariffs for S’pore households will fall by 0.3% from April to June 2024
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Featured image adapted from ChinHooi on Canva.
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