Electricity tariffs will decrease by 4.2% compared to 4Q15.
It’s time to plug those electronic devices in as SP Electric announced that consumers will enjoy lower electricity tariffs for January until the end of March 2016.
According to a press release by SP Electric, the tariff reduction is due to the lower cost of natural gas, which is used for electricity generation. Natural gas prices fell by 8.9% compared to 4Q15.
Meanwhile, households will experience a decrease from 20.35 to 19.50 cents per kWh for the same period, meaning the average electricity bill for families living in four-room HDB flats will experience a $3.55 cut in their bills.
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