- 0.2979 cents per kWh
- 50% Discount for 1st month
- 1-year free SingLife Home Insurance
- $20.00 Rebate using referal code RCB3672
Electricity, Gas & Water tariffs to go up
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.
Coping with Inflation & Cost Of Living
Inflation: Prices of food, transport & education have risen the most in Singapore in the last 20 years
Inflation is a word that has been frequently mentioned over the past few years, especially since the COVID-19 pandemic and Russia’s invasion of Ukraine have affected the global economy since 2020 and 2022 respectively. How exactly the prices of different items have changed over the past 20 years, and which ones have seen the greatest leaps?
That was the focus of a recent piece on the finance site dollarsandsense. It showed that the prices of education (75.7 percent), transportation (67.2 percent), and food (58.9 percent) have gone up the most since 2022. At the other end of the list, the price of clothes and shoes has gone up by only 1.1 percent in the last 20 years, dollarsandsense says. The rest of the list is as follows:
- Healthcare costs are up 53.6 percent
- Utilities and other fuel costs are up 51.3 percent
- Accommodation costs up 39.7 per cent
- Household durables and services items are up 25.3 percent
- Recreation and culture items are up 17.8 percent
- “In general, your bowl of $2.50 fishball noodles in 2002 would cost $3.97 today,” the article notes
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