After falling for two straight quarters, family electric and gas prices will remain constant for the period between April and June.
National grid operator SP Group announced on Friday ( Mar 28 ) that the household electricity tariff before Goods and Services Tax ( GST ) will continue to be at 28.12 cents per k Wh.
The price of household gas will remain at 22.72 cents per k Wh.
The , light, and gasoline tariffs decreased by 0.98 cent per watt and 0.25 cents per kWh in the previous quarter, both.
Every quarter, SP Group, the owner and operator of Singapore’s electricity network, reviews the electricity tariffs based on rules set by the Energy Market Authority ( EMA ), the body that regulates the sector.
According to SP Group,” The electricity tariffs may shift from quarter to quarter as a result of fluctuating global gas prices.”
The electricity price consists of four components: energy costs paid to electricity generation companies, system costs paid to SG Group to recuperate the cost of moving energy through the power grid, and network costs paid to them.
A fee is also paid to the energy industry company to cover the costs of operating the power retail industry and power system, as well as a fee paid to SP Group to recover the costs of billing and meter reading.
Every quarter, City Energy reviews the oil levies in accordance with EMA’s recommendations.