SINGAPORE - Rising natural gas prices mean that home owners will need to fork out more for their electricity consumption for the next three months.
The new rate for households from today to June 30 will be 25.73 cents per kilowatt hour (kwh), up from 25.65 cents.
A family in a four-room Housing Board flat, for example, could pay $0.26 more per month.
SP Services, a subsidiary of Singapore Power that provides electricity metering and billing services, said in a statement yesterday that electricity tariffs across all types of usage will rise by an average of 0.3 per cent, or 0.07 cents per kwh.
The increase is due to a 1.3 per cent rise in the cost of fuel used for electricity generation, it said.
Non-fuel costs fell, partially offsetting the increase.
All other costs, such as network expenses and administration and operation fees, underwent annual review and remained the same.
Tariffs are reviewed quarterly based on guidelines set by the electricity industry regulator Energy Market Authority.
A year ago, the household tariff was higher, at 26.70 cents per kwh. But it fluctuated over the past four quarters, mostly due to changes in the price of natural gas.
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