Electricity tariffs to go down an average of 1.7 per cent

Electricity tariffs to go down an average of 1.7 per cent

Electricity tariffs will decrease by an average of 1.7 per cent, or 0.43 cents per kWh, for the next three months.


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Here is the press release from SP Services:

For the period from 1 Jan to 31 Mar 2014, electricity tariffs will decrease by an average of 1.7 per cent or 0.43 cent per kWh. The tariff reduction is due to the lower cost of natural gas used for electricity generation, which fell by 2.6 per cent compared to the previous quarter.

The electricity tariff for households will decrease from 26.08 to 25.65 cents per kWh in Q1 2014. The average monthly electricity bill for families living in four-room HDB flats will decrease by $1.65

SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.

Information about the GST Voucher Scheme for HDB households:

The Government introduced a permanent GST Voucher Scheme in 2012 to help lower- and middle-income households with their expenses, in particular what they pay in GST.

It comprises three components - Cash, Medisave, and U-Save.

The GST Voucher - U-Save will help HDB households offset part of their utilities bills, with households in 1- and 2-room HDB flats benefitting the most.

Eligible households will receive their GST Voucher - U-Save rebates automatically, credited to the utilities account of the household.

In Budget 2013, the Government announced a one-off GST Voucher Special Payment, equivalent to an extra GST Voucher payment, to help lower- and middle-income households with their cost of living pressures.

The GST Voucher - U-Save Special Payment will be given out in July 2013 and January 2014. As long as you are eligible for the GST Voucher - U-Save, you will receive the 2013 GST Voucher - U-Save Special Payment.

More information on this can be obtained from the GST Voucher website.

Source: EMA

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