SINGAPORE: The house electric and gas tariffs will lower for the January to March 2025 time due to lower energy costs, marking the , following right monthly decline.
National grid operator SP Group announced on Monday ( Dec 30 ) that the electricity tariff will decrease by 3.4 % or 0.98 cent per kWh before Goods and Services Tax ( GST ).
For families living in Housing and Development Board ( HDB) four-room apartments, the average monthly electricity bill has decreased by S$ 3.58 before GST.
Due to lower gas costs, City Energy predicted that the gas price before GST will also drop by 0.25 cents per k Wh, from 22.97 cent per watt to 22.72 cents per watt for the future quarter.  ,
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 ).
Energy prices paid to power generation companies, system costs paid to SG Group to recuperate the cost of moving energy through the energy grid, are included in the light price.
A fee is also paid to the energy industry company to cover the costs of operating the power retail market 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 gas tariffs in accordance with EMA’s recommendations.