Media Release
Electricity Tariff Revision For The Period 1 January to 31 March 2019
Singapore, 30 December 2018 – For the period from 1 January to 31 March 2019, electricity tariffs (before 7% GST) will decrease by an average of 1.2% or 0.28 cent per kWh compared to the previous quarter. This is mainly due to the lower cost of natural gas for electricity generation compared to the previous quarter.
For households, the electricity tariff (before 7% GST) will decrease from 24.13 to 23.85 cents per kWh for 1 Jan to 31 March 2019. The average monthly electricity bill for families living in four-room HDB flats will decrease by $1.00 (before 7% GST) (see Appendix 3 for the average monthly electricity bill for different household types).
SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs given in Appendix 1 have been approved by the EMA
Issued by:
SP Group
2 Kallang Sector
Singapore 349277
www.spgroup.com.sg
Appendix 1
ELECTRICITY TARIFFS FROM 1 JANUARY 2019
Appendix 2
BREAKDOWN OF ELECTRICITY TARIFF
- The electricity tariff consists of the following four components:
- Energy costs (paid to the generation companies): This component is adjusted quarterly to reflect changes in the cost of power generation.
- Network costs (paid to SP PowerAssets): This fee is reviewed annually.
- Market Support Services Fee (paid to SP Services): This fee is reviewed annually.
- Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator): This fee is reviewed annually to recover the costs of operating the electricity wholesale market and power system.
Q1 2019TARIFF(before 7% GST)
Appendix 3
AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS
(TARIFF WEF 1 JANUARY 2019) (before 7% GST)
