Commercial Electricity Tariff Singapore 2018

Average electricity tariffs1 excl.

Commercial electricity tariff singapore 2018.

Since 1 november 2018 the open electricity market was extended to all consumers across singapore by zones. Electricity tariffs will increase by an average of 2 1 per cent or 0 48 cent per kwh from oct 1 to dec 31 this year compared to the previous quarter sp group announced on saturday sep. Based on the tariff in q1 2019 sp group gets approximately 24 out of the 23 85 cents per kwh paid by households. About 95 per cent of singapore s electricity is generated from imported natural gas the prices of natural gas are indexed to oil prices.

Over 1 4 million households and business accounts now have the option of buying electricity from a retailer on a price plan that best meets their needs. The increase is mainly due to the higher cost of natural gas for electricity generation compared to the previous quarter. Singapore 29 june 2018 for the period from 1 july to 30 september 2018 electricity tariffs will increase by an average of 6 9 or 1 50 cents per kwh compared to the previous quarter. This part of the tariff reflects the cost of generating and delivering electricity to our homes.

Sp group supplies the electricity to consumers in singapore and get a fixed percentage out of the tariff for managing the power grid and providing billing and meter reading services. Nationwide rollout of the open electricity market. The tariff set by sp services is reviewed each quarter and is regulated by the ema to reflect the actual cost of electricity. Rates indicated are inclusive of gst b.

This is the market practice in asia for natural gas contracts. The tariff increase is due to the higher cost of natural gas for electricity generation which increased by 14 compared to the previous quarter. The tariff is reviewed every quarter and is regulated by the energy market authority ema to reflect the actual cost of producing and delivering electricity. 5 throughout your contract duration.

For households the electricity tariff will increase from 22 15 to 23 65 cents per kwh for 1 july to 30. This means that for households the electricity tariff will increase from 21 56 to 22 15 cents per kwh for 1 april to 30 june 2018. On 29 march the company announced that the tariffs for 1 april to 30 june 2018 will increase by an average of 2 8 or 0 59 cent per kwh compared to the previous quarter. Details of the electricity tariffs are available at sp group.

Residential consumers in singapore buy electricity from sp group a market support services company regulated by the ema. Vat 46 markets may 2018 average all markets 14 61 average unsubsidized markets 15 61 0 00 5 00 10 00 15 00 20 00 25 00 30 00 a i y y um nd us al k m n e a a a ng nz a e ds o g d a n c d a a a a a e d y a a wan m a a c l tariff excl taxes other taxes charges excl vat estimated subsidy notes.