Gas and electricity prices in Singapore to fall from April to June


With the new tariff, the average monthly electricity bill for families living in HDB four-room flats will decrease by 33 cents before GST. - ST FILE

SINGAPORE: Gas and electricity prices will go down for the next three months due to lower costs.

From April 1 to June 30, households supplied by grid operator SP Group will see a 0.3 per cent decrease in electricity tariffs, the group said in a statement on March 28.

This translates to 29.79 cents per kilowatt-hour (kWh) before goods and services tax (GST), down from 29.89 cents currently.

With the new tariff, the average monthly electricity bill for families living in HDB four-room flats will decrease by 33 cents before GST, dropping from $98.51 to $98.18.

Overall, electricity tariffs, including those for businesses, will decrease by an average of 0.4 per cent, or 0.12 cent per kWh, compared with the previous quarter.

The decrease is due to lower energy costs, said SP group. These costs, which are paid to power generation companies, are adjusted quarterly to reflect changes in the cost of fuel and power generation.

Town gas tariffs will fall by 0.03 cent per kWh over the same period, also due to lower costs, said City Energy, the producer and retailer of piped gas, in a separate statement on March 28. - The Straits Times/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Singapore , gas , electricity , prices , fall

   

Next In Aseanplus News

Yinxing becomes seventh typhoon to hit Vietnam in 2024
Baidu readies AI smart glasses to rival Meta’s Ray-Bans
China calls for enhancing Greater Mekong Subregion cooperation
Three Workers Party leaders formed panel to throw Raeesah under the bus: Prosecution
Asian markets extend rally after Fed cut
Qantas plane makes emergency landing in Sydney after 'loud bang' heard: Report
Palace confident Trump will honour US pledges to Philippines
Local artiste Daiyan Trisha shares how writing saved her life
Narathiwat mayor shot dead by four men at garment factory
Australian airports hit by outage at immigration counters

Others Also Read