[20210331] Media Release - Electricity Tariff Revision For The Period 1 April to 30 June 2021https://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b26e82e9-75a2-4df4-8782-7da40db0c086/%5B20210331%5D+Media+Release+-+Electricity+Tariff+Revision+For+The+Period+1+April+to+30+June+2021.pdf?MOD=AJPERESCents/kWh MEDIA RELEASE ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2021 Singapore, 31 March 2021 – For the period from 1 April to 30 June 2021, electricity tariff (before 7% GST) will increase by an average of 8.7% or 1.77 cents per kWh compared with the previous quarter. This is mainly due to higher cost of fuel for producing electricity by the power generation companies. For details on the four components of the electricity tariff, please refer to Appendix 1: Breakdown of Electricity Tariff. For households, the electricity tariff (before 7% GST) will increase from 20.76 to 22.55 cents per kWh for 1 April to 30 June 2021. The average monthly electricity bill for families living in HDB four-room flats will increase by $5.62 (before 7% GST) (Appendix 3: Average monthly electricity bills of domestic consumers). 30.00 Quarterly Household Electricity Tariff* 25.00 20.00 24.22 23.43 24.24 23.02 19.60 21.43 20.76 22.55 15.00 10.00 5.00 0.00 Jul - Sep 19 Oct - Dec 19 Jan - Mar 20 Apr - Jun 20 Jul - Sep 20 Oct - Dec 20 Jan - Mar 21 Apr - Jun 21 *before 7% GST SP Group reviews the electricity tariffs every quarter based on guidelines set by the electricity industry regulator, Energy Market Authority (EMA). The tariffs shown in Appendix 2 have been approved by the EMA. Issued by: SP Group 2 Kallang Sector Singapore 349277 www.spgroup.com.sg Appendix 1 BREAKDOWN OF ELECTRICITY TARIFF 1. The electricity tariff consists of the following four components: a) Energy costs (paid to the generation companies): This component is adjusted quarterly to reflect changes in the cost of fuel and power generation. The fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. The cost of power generation covers mainly the costs of operating the power stations, such as the manpower and maintenance costs, as well as the capital cost of the stations. b) Network costs (paid to SP Group): This is to recover the cost of transporting electricity through the power grid. c) Market Support Services Fee (paid to SP Group): This is to recover the costs of billing and meter reading, data management, retail market systems as well as for market development initiatives. d) 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. Q2 2021 TARIFF (before 7% GST) Market Admin & PSO Fee (No Change) 0.06¢/kWh (<1%) MSS Fee (No Change) 0.40¢/kWh (1.8%) Network %) Costs (Increase by 0.33¢/kWh) 5.77¢/kWh (25.6%) Energy Costs (Increase by 1.46¢/kWh) 16.32¢/kWh (72.4%) ELECTRICITY TARIFFS FROM 1 APRIL 2021 LOW TENSION SUPPLIES, DOMESTIC All units, ¢/kWh LOW TENSION SUPPLIES, NON-DOMESTIC All units, ¢/kWh HIGH TENSION SMALL (HTS) SUPPLIES Contracted Capacity Charge $/kW/month Uncontracted Capacity Charge $/chargeable kW/month kWh charge, ¢/kWh Peak period (7.00am to 11.00pm) Off-peak period (11.00pm to 7.00am) Reactive power Charge ¢/chargeable kVARh HIGH TENSION LARGE (HTL) SUPPLIES Contracted Capacity Charge $/kW/month Uncontracted Capacity Charge $/chargeable kW/month kWh charge, ¢/kWh Peak period (7.00am to 11.00pm) Off-peak period (11.00pm to 7.00am) Reactive power Charge ¢/chargeable kVARh EXTRA HIGH TENSION (EHT) SUPPLIES Contracted Capacity Charge $/kW/month Uncontracted Capacity Charge $/chargeable kW/month kWh charge, ¢/kWh Peak period (7.00am to 11.00pm) Off-peak period (11.00pm to 7.00am) Reactive power Charge ¢/chargeable kVARh Existing Tariff (without GST) New Tariff (without 7% GST) Appendix 2 New Tariff (with 7% GST) 20.76 22.55 24.13 20.76 22.55 24.13 8.90 10.90 11.66 13.35 16.35 17.49 17.88 19.54 20.91 11.20 11.85 12.68 0.59 0.59 0.63 8.90 10.90 11.66 13.35 16.35 17.49 17.66 19.32 20.67 11.19 11.84 12.67 0.59 0.59 0.63 7.87 9.33 9.98 11.81 14.00 14.98 16.81 18.42 19.71 11.11 11.74 12.56 0.48 0.48 0.51 AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS TARIFF WEF 1 APRIL 2021 (before 7% GST) Appendix 3 Types of Premises Average monthly consumption per Customer Average Monthly Bill New Average Monthly Bill Average Change in Monthly Bill kWh $(a) $(b) $(b-a) % HDB 1 Room 120.72 25.06 27.22 2.16 8.6 HDB 2 Room 159.38 33.09 35.94 2.85 8.6 HDB 3 Room 227.30 47.19 51.26 4.07 8.6 HDB 4 Room 313.88 65.16 70.78 5.62 8.6 HDB 5 Room 364.22 75.61 82.13 6.52 8.6 HDB Executive 441.10 91.57 99.47 7.90 8.6 Apartment 447.01 92.80 100.80 8.00 8.6 Terrace 723.98 150.30 163.26 12.96 8.6 Semi-Detached 972.75 201.94 219.36 17.42 8.6 Bungalow 1,929.76 400.62 435.16 34.54 8.6 Average 347.74 72.19 78.41 6.22 8.6