Lower household electricity and gas tariffs from April to June
Night view of HDB flats in Singapore. (Photo: iStock/Kum Seong Wan)
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SINGAPORE: The household electricity and gas tariffs will decrease for the April to June period due to lower energy costs.
Compared with the previous quarter, the electricity tariff will decrease by 0.3 per cent or 0.10 cent per kWh before Goods and Services Tax (GST), national grid operator SP Group said on Thursday (Mar 28).
This translates to a decrease in the average monthly electricity bill for families living in HDB four-room flats by S$0.33 (US$0.24) before GST.
The gas tariff before GST will also decrease by 0.03 cents per kWh, from 23.15 cents per kWh to 23.12 cents per kWh for the coming quarter, said City Energy.
The decrease in electricity and gas tariffs halts the three straight quarters of hikes in prices.
SP Group, which owns and operates Singapore's electricity network, reviews the electricity tariffs every quarter based on guidelines set by the industry regulator, the Energy Market Authority (EMA).
REBATES FOR HOUSEHOLDS
More than 950,000 Singaporean households living in HDB flats will receive U-Save and Service & Conservancy Charges (S&CC) rebates in April.
These rebates help to defray GST and provide cost-of-living support for lower to middle-income households, the Ministry of Finance said on Thursday.
The rebates - disbursed in April, July, October and January each year - are part of the permanent GST Voucher scheme and the Assurance Package.
Deputy Prime Minister Lawrence Wong announced in his Budget 2024 speech that the Assurance Package will be enhanced by a further S$1.9 billion.
There will be additional U-Save benefits to bring total U-Save rebates to up to S$950, or two-and-a-half times the usual amount for the 2024 financial year.
On average, this will cover about eight months of utility bills for those living in one- and two-room flats, and about four months of utility bills for those living in three- and four-room flats.
There will also be an additional half-month of S&CC rebate in January 2025, for a total of up to four months of S&CC rebate in FY2024.
The U-Save rebates will be credited directly into households’ utilities accounts with SP Services, while the S&CC rebates will be credited directly into households’ S&CC accounts with their respective town councils.
