Good News for Your Wallet: Electricity & Gas Rates Dropping in Oct‑Dec
Hey Singaporeans! Grab a cup of kopi because the electricity and town‑gas prices are finally easing up after more than a year of hikes. Both SP Group and City Energy have announced fresh cuts for the last quarter of the year, giving households a little relief on those pesky monthly bills.
Electricity Tariff Gets a Fudge of 1.4 %
- Before GST: From 30.17¢ per kWh (1 Oct – 31 Dec) to 29.74¢ per kWh.
- That means the average monthly bill for a family in a four‑room HDB flat dips by about $1.55 (before GST).
- The price fell because fuel costs have slumped—SP Group says the cost of generating power dropped by 0.43¢ per kWh.
Gas Prices Also Trimmed
- City Energy’s gas tariff is now 22.73¢ per kWh, down from 23.09¢.
- This 0.36¢ cut translates to a modest but welcome savings for home‑brewers and oven‑users alike.
Why the Drop?
Both companies point to lower fuel costs as the main driver. Fuel—primarily gas and oil—accounts for a staggering 78.5 % of the electricity tariff. When the global market curbs its price hike for using energy, the effect trickles down to your utility bill.
With power‑generation costs also halved slice, the final rate to consumers shifts every quarter, reflecting these behind‑the‑scenes changes.
Bottom‑Line Takeaway
In short, household electricity and gas charges are nudging downward this October‑December period. It’s a small win, but every cent counts when you’re juggling bills, groceries, and that occasional latte.
