, Singapore

3.2% cut to power prices in Q1

Electricity prices are set to fall in Singapore over the first quarter of the New Year. Wholesale provider SP Group announced on December 31 that the electricity tariff would decrease by an average of 3.2% (or 6.7 cents per kWH) for the period of January 1 to March 31. This is due to lower energy costs compared with the previous quarter, the company said.

For households, the electricity tariff (before 7% GST) will decrease from 21.43 to 20.76 cents per kWh. The average monthly electricity bill for families living in four-room HDB flats is expected to decrease by $2.39 (before 7% GST) as a result.

The revised tariffs have been approved by the industry regulator, the Energy Markets Authority.


Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


A new canvas: Why artists are jumping into the NFT space
Entering the digital space allows an artist to earn more through royalties each time their art sells.
Recurring mega sales have their own dangers
An expert from Intrepid warned against ‘shopper fatigue’ triggered by frequent large-scale shopping events.