Electricity Tariff to Increase by 3.1% for the Next 3 Months Due to Higher Cost of Fuel

By
Shawn Ambrose
-

Yes, this is indeed Goody Feed that you’ve stumbled upon, but as you can tell from the last year or so, we’ve not exactly lived up to our name.

In our defence, the world has been hit by wave after wave of bad news since COVID-19 emerged, and there’ve not been many things to shout about since then. Saddy or Baddy Feed may be more appropriate these days.

This article, however, has nothing to do with COVID-19.

Reader: Oh yay, that’s great!

But it’s still bad news.

Reader: Of course it is.

Electricity Tariff to Increase by 3.1% for the Next 3 Months Due to Higher Cost of Fuel

For the next three months, the electricity tariff will increase by 3.1%, SP Group said today (30 Sep)

Why?

One word: a higher cost of fuel for producing electricity by the power generation companies.

Reader: That’s like 13 words

If we exclude GST, the tariff will rise from 23.38 cents to 24.11 cents per kWh, meaning the average monthly bill for a four-room HDB flat will increase by $2.49.

This is the highest tariff since the first quarter of 2020.

With GST, the rate is 25.80 cents per kWh.

SG Group said it reviews electricity tariffs every quarter and calculates them using four components, including energy costs that reflect the cost of imported natural gas.

Rising operating costs – such as manpower and maintenance expenses – are to blame for power generation getting more expensive, it added.

How to Save Electricity When Working From Home

With you working from home and watching more shows on Netflix – I mean, completing more work assignments than ever, your electricity bill is bound to rise.

And the higher electricity tariff isn’t helping at all.

Fortunately, there are several things you can do to save electricity:

  • Use Energy-efficient Appliances – if you prefer the bright, blinding white light of your room, make sure to use energy-efficient appliances such as energy-saving light bulbs to lower your energy consumption
  • Use Fans Instead of AC – it’s nice to fall asleep with the air-conditioner blasting in our faces, but do we really need it when we work? Use a fan instead, and save electricity
  • Use Natural Light Whenever Possible – unless you’re a Goody Feed writer who only works from 9pm to 6am because we melt in the sun, you can make use of the glorious sun throughout the day to light up your house when working
  • Meal Prep -Unbeknownst to many, the microwave is the most energy-efficient appliance in your kitchen, so you should try meal preps, just as you would when working in the office, as it saves time and energy.

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Featured Image: Rido / Shutterstock.com

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Shawn Ambrose
Email: [email protected]