Electricity Tariff Falls from Jan to March 2021 But Not Everyone Can Enjoy It

Staying home more often because you’re a) socially responsible or b) forced to work from home?

Then this next piece of news might just make you even happier because the number one resource that’s increased since we’re staying home more (electricity) is going to be cheaper in the next three months.

Here’s what you need to know.

Electricity Tariff Falls from Jan to March 2021

On 30 Dec 2020, SP Group announced that the electricity tariff for the upcoming quarter, Jan to Mar 2021, will decrease.

From 21.43 cents per kWh, the electricity tariff will drop to 20.76 cents per kWh, excluding GST.

With GST, it’s 22.21 cents per kWh.

As for how that translates to your monthly bill, SP Group says that the average monthly bill for four-room families will drop by S$2.39.

Who Can Enjoy The Tariff Decrease?

If you’re still using SP Group as your electricity provider, you’ll naturally enjoy the “discount”.

If, however, you’ve switched your electricity provider, it depends on the type of price plan you’ve signed with your provider.

If it’s a plan that gives you a discounted rate off the regulated electricity tariff, you can enjoy lower prices.

If, however, you’ve signed to your electricity provider on a fixed contract price plan, you’ll have no choice but to continue paying your monthly bill at the usual rate.

You can find out more about the different price plans here.

Gas tariff, however, is going in a different direction.

Gas Tariff To Increase For The First Quarter Of 2021

According to City Gas, the gas tariff for Singapore households is going to increase by 0.04 cents per kWh.

The reason for the increase is because of an increase in fuel prices compared to the previous quarter.

With the increase, households in Singapore will now have to pay 17.23 cents per kWh excluding GST.

With GST, it’ll be 18.44 cents per kWh.

Both the electricity tariff and gas tariff changes were decided on based on the guidelines set by the Energy Market Authority (EMA).

Featured Image: Rido / Shutterstock.com