Lower electricity bills from April to June as tariff falls by 5.4%
Lower electricity bills from April to June as tariff falls by 5.4%
For households, the electricity tariff before goods and services tax (GST) will fall from 28.95 cents to 27.43 cents per kilowatt-hour (kWh) from Saturday to June 30, said grid operator SP Group on Friday.
Taking into account the GST rate of 8 per cent since Jan 1, the new tariff will be 29.62 cents, down from 31.27 cents between January and March. This means the average monthly electricity bill for families living in HDB four-room flats will fall by $4.69 before GST.
The electricity bill now for a four-room HDB is $89.32, before GST, for an average monthly consumption of 308.52 kWh. It will be $84.63 for the same usage from April. This is the third consecutive quarter that the electricity tariff has fallen. The tariff had been rising since April 2021 amid a global energy crisis, but dipped slightly by 0.43 per cent per kWh in the last quarter of 2022. Read More…
