TODAY: Electricity tariffs to fall

SP Services as announced that electricity tariffs will decrease between October and December due to lower costs required in generating power. TODAY reports.

Electricity tariffs to fall

SINGAPORE – After three quarterly rises in electricity tariffs in a row, households may find some relief as SP Services announced yesterday that it will lower the tariffs for the fourth quarter.

Between next month and December, electricity tariffs will decrease by an average of 1.2 per cent as “lower fuel oil prices resulted in lower power generation costs”, SP Services said.

According to the electricity retailer, the average fuel oil price over the last three months has fallen from S$125.16 to S$121.68 per barrel.

Between July and this month, rising oil prices saw electricity tariffs for households surge by 6.6 per cent to hit a 33-month high.

SP Services said yesterday the tariff reduction in the next three months will see electricity tariff for households decreasing by 1.1 per cent – or 0.3 cents per kWh – from 27.28 to 26.98 cents per kWh.

On average, families in four-room HDB flats will pay about S$1.24 less a month.

SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA). The new tariffs have been approved by EMA.

Image taken from Sprinter73

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • About Green Drinks Singapore

    Founded in November 2007, Green Drinks Singapore is one of more than 800 cities with a Green Drinks presence.

  • We are a non-profit environmental movement that connects academia, green businesses, activists, community and government, for knowledge sharing and collaboration opportunities. We do this by organising informal talks every last Thursday of the month, over drinks! Once in a while, we hold discussions, documentary screenings and workshops to further engage the public and participants.
  • Started in 1989 in London, the Green Drinks movement is a self-organising network that is meant to be simple and unstructured. The global site can be found at www.greendrinks.org.
%d bloggers like this: