Update 1 Jul 2024: Gas and electricity prices to increase from July to September
The revised gas tariffs were approved by the Energy Market Authority
For households, this amounts to a tariff of 29.88 cents per kilowatt-hour before goods and services tax, up from 29.79 cents currently. The new tariff is still one cent lower than the first quarter of 2024. With the new tariff, the average monthly electricity bill for families living in four-room Housing Board flats will rise by 35 cents before GST, increasing from $118.03 to $118.38. The hike is due to an increase in energy costs, by 0.09 cents per kWh on average, said SP Group. These costs, which are paid to power generation companies, are adjusted quarterly to reflect changes in the cost of fuel and power generation.
City Energy, the producer and retailer of piped gas, said in a separate statement on June 28 that town gas tariffs will increase by 0.30 cents per kWh over the same period, also due to higher costs. This means households will pay 23.42 cents per kWh before GST, up from 23.12 cents. With GST, the revised tariff amounts to 25.53 cents.
Electricity Tariff Revision for the Period 1 July to 30 Sep 2024
For the period from 1 July to 30 September 2024, the electricity tariff (before GST) will increase by 0.3% or 0.09 cent per kWh on average compared with the previous quarter due to higher energy costs. The average monthly electricity bill for families living in HDB four-room flats will increase by $0.35 (before GST).
SP Group reviews the electricity tariffs every quarter based on guidelines set by the electricity industry regulator, Energy Market Authority (EMA).
Please refer to Appendix 1 for the components of the electricity tariff, Appendix 2 for the electricity tariffs approved by EMA, and Appendix 3 for the average monthly electricity bill for households.
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Electricity and gas tariffs to increase in fourth quarter due to higher costs
Electricity tariffs will go up by an average of 3.7 per cent, or 0.98 cent per kilowatt-hour, before GST, compared with the current quarter. ST PHOTO: CHONG JUN LIANG
Gas and electricity prices will go up for the next three months due to higher fuel and energy costs. The electricity tariff will go up by an average of 3.7 per cent, or 0.98 cent per kilowatt-hour (kWh), before goods and services tax, compared with the current quarter, said SP Group on Friday. For households, between Oct 1 and Dec 31, the electricity tariff will increase from 27.74 cents per kWh in the current quarter to 28.7 cents per kWh, excluding the GST. Including GST, the rate for the quarter is 31 cents per kWh.
The average monthly electricity bill for families living in four-room Housing Board flats will increase by $3.57 before GST, said SP Group. This is due to higher energy costs compared with the previous quarter, it added. The electricity tariff is calculated from four components, including energy costs that reflect the cost of imported natural gas, and the cost of operating the power stations. SP Group said it reviews electricity tariffs every quarter, based on guidelines set by the Energy Market Authority (EMA).
Meanwhile, the gas tariff for households will go up by 0.51 cent per kWh before GST, said City Energy, the producer and retailer of piped gas. Excluding GST, the rate will increase from 21.91 cents per kWh to 22.42 cents per kWh for the period from Oct 1 to Dec 31. With GST, the rate is 24.21 cents per kWh. This is due to an increase in fuel costs compared with the previous quarter, said City Energy. The revised gas tariffs have been approved by EMA, which also regulates the gas industry.
Electricity and gas tariffs to go up from October to December due to higher energy costs
The electricity tariff will go up by an average of 3.7 per cent from October to December, national grid operator SP Group said on Friday (Sep 29). This translates to an increase of about 0.98 cents per kWh before Goods and Services Tax (GST).
It is the second consecutive quarter of increase, with SP Group attributing the rise in electricity tariff to higher energy costs compared with the previous quarter. For households, the electricity tariff before GST will increase from 27.74 to 28.70 cents per kWh. The average monthly electricity bill for families living in Housing Board four-room flats will increase by S$3.57 (US$2.60) before GST.
The gas tariff, meanwhile, will increase by about 2.3 per cent to 22.42 cents per kWh, announced City Energy.
Household water prices to rise 18% by April 2025
Water prices will rise by a total of 18.2 per cent in two phases over two years starting from April 1 next year. It's the first increase since 2017, with financial help for low- and middle-income groups to be announced on Thursday (Sept 28), the Government said.
This increase is 50 cents per cubic metre (1,000 litres) of water, the national water agency PUB and the Ministry of Sustainability and the Environment (MSE) said in a joint statement on Wednesday. They said that three-quarters of households here would see an increase of under S$10 per month in their water bills by the time the full hike kicks in from April 2025. This is before accounting for government support, they added.
Similarly, about three in four businesses here — including small- and medium-sized enterprises — will see an increase of less than S$25 in their monthly water bills, PUB and MSE said. The price hike is necessary to meet the “substantially” higher cost of producing and supplying water, they said. It is also needed to maintain long-term investments to fulfil water demand that is projected to double by 2065 as a result of economic and population growth.
The price of water for most households will increase from S$2.74 for every 1,000 litres used to S$3.24 in 2025, a rise of about 18 per cent
Water prices in Singapore will rise by about 18 per cent over the next two years, national water agency PUB said on Wednesday (Sep 27).
Potable water currently costs S$2.74 (US$2.01) for every 1,000 litres, or per cubic metre, before tax for most households. The increase translates to an additional 50 cents per cubic metre. It will be split over two phases: 20 cents on Apr 1, 2024 and 30 cents on Apr 1, 2025. After the 2025 revision, three in four households will see a less than S$10 increase in their monthly water bills, PUB said.
For businesses, three in four will see their water bills rise by less than S$25 a month while three in four hawkers will foot an increase of less than S$15 monthly. The 4 per cent of households that consume much more water – exceeding 40 cubic metres a month – will see a higher increase in their bills. For every cubic metre of water above the threshold, the rate they pay will rise by 70 cents, from S$3.69 now to S$3.94 next year and S$4.39 the year after. The average household consumes about 15 cubic metres of water each month.
S’pore water price to rise by 50 cents per cubic m by 2025
Most households will fork out an additional $4 - $9, excluding GST, for their monthly water bills by 2025 FOTO: BRIAN TEO
Water will soon cost consumers an additional 50 cents per cubic m, starting with a 20-cent increase in April 2024 and a 30-cent rise in April 2025. This means that most households will fork out an additional $4 to $9, excluding goods and services tax (GST), for their monthly water bill by 2025, said national water agency PUB on Wednesday.
In 2020, the average monthly consumption of water was 15 cubic m for condominiums and 16.2 cubic m for HDB flats. Lower- and middle-income households will get help to offset some of the price increase. Deputy Prime Minister and Finance Minister Lawrence Wong will announce cost-of-living support measures to provide more relief for Singaporean households on Thursday.
The last water price hike of 30 per cent happened in 2017. The upcoming 50-cent rise – bringing the cost of 1 cubic m, or 1,000 litres, of water to $3.24 – is an 18 per cent increase. The price hike between 1997 and 2000 saw water prices rising by 120 per cent for households. The upcoming increase comes amid rising living costs, GST hikes and higher transport fares, and the water agency did not take the decision lightly, said a PUB spokesman.
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What you need to know about Singapore's impending water price hike
Water prices are set to increase by 18 per cent, starting from April next year.
How will the impending rise impact you, businesses or hawkers? Here's what you need to know:
- How much more will I have to pay? - If you consume up to 40 cubic metres of water, you will have to pay an additional 50 cents per cubic metre. The hike will be implemented over two phases: 20 cents on Apr 1, 2024 and 30 cents on Apr 1, 2025.
- What help will I get? - The Ministry of Finance will on Thursday announce additional support measures to help households with the impact of the water price increase and other cost of living concerns. Meanwhile, all one-, two- and three-room households can apply for e-vouchers under the Climate Friendly Households Programme to offset the costs of installing water-efficient shower fittings.
- How much more will businesses have to pay? - Three in four businesses, including small and medium enterprises will experience an increase of less than S$25 in their monthly water bills. Three out of four hawkers will see an increase of less than S$15 per month.
- When were water prices last raised? - Water prices were last raised by 30 per cent in 2017, also over two phases. Announced in Budget 2017, the water prices were raised for the first time since 2000 to reflect the costs of water supply and to maintain Singapore's water infrastructure.
- Why are prices going up this time? The latest price increase is due to rising operating costs and heavier investment in water infrastructure. The cost of producing and supplying water has gone up substantially since the last price revision, PUB said.
Electricity, Gas & Water prices to increase
Expect to pay more for your electricity come Saturday (Apr 1).
From Apr 1 to Jun 30, electricity tariffs will increase by an average of 6.1% or 1.20 cents per kWh compared to the previous quarter.
For households, the electricity tariff will increase from 20.20 to 21.39 cents per kWh. The average monthly electricity bill for families living in four-room HDB flats, for example, will increase by S$4.21, said SP Group in a press release issued on Friday.
The increase is “largely” due to the cost of natural gas for electricity generation which increased by 12% compared to the previous quarter, said SP Group who reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority.
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