Based on SP Media Release on 30 December 2020, electricity tariffs (before 7% GST) will decrease by an average of 0.67 cents per kWh compared with the previous quarter, due to lower energy costs.
For households, the electricity tariff (before 7% GST) will decrease from 21.43 to 20.76 cents per kWh for 1 January to 31 March 2021. The average monthly electricity bill for families living in four-room HDB flats will decrease by $2.39 (before 7% GST).
The electricity tariffs set by SP Group are reviewed quarterly, based on guidelines set by the Energy Market Authority (EMA) to reflect the actual cost of electricity.
Details of the electricity tariffs are available at SP Group.