Media Release
Electricity Tariff Revision For The Period 1 January to 31 March 2020
Singapore, 30 December 2019 – For the period from 1 January to 31 March 2020, electricity tariffs (before 7% GST) will increase by an average of 3.5% or 0.81 cent per kWh compared with the previous quarter. This is due to higher energy cost compared with the previous quarter.
For households, the electricity tariff (before 7% GST) will increase from 23.43 to 24.24 cents per kWh for 1 January to 31 March 2020. The average monthly electricity bill for families living in four-room HDB flats will increase by $2.76 (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 2020
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 2020 TARIFF (before 7% GST)
Appendix 3
AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS
(TARIFF WEF 1 JANUARY 2020) (before 7% GST)
