Media Release
Electricity Tariff Revision For The Period 1 October to 31 December 2018
Singapore, 29 September 2018 – For the period from 1 October to 31 December 2018, electricity tariffs will increase by an average of 2.1% or 0.48 cent per kWh compared to the previous quarter. This is mainly due to the higher cost of natural gas for electricity generation compared to the previous quarter.
For households, the electricity tariff will increase from 23.65 to 24.13 cents per kWh for 1 October to 31 December 2018. The average monthly electricity bill for families living in four-room HDB flats will increase by $1.76 (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 JULY 2018
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.
Q4 2018 TARIFF
Appendix 3
AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS (TARIFF WEF 1 JANUARY 2018)
