Commercial Electricity Tariff Singapore

This is the market practice in asia for natural gas contracts.

Commercial electricity tariff singapore.

The statistic shows the annual average electricity tariffs in singapore from 2005 to 2019. In 2018 the average electricity tariff was at 21 9 singapore cents per kilowatt hour. If my company s electricity consumption is less than 2 000 kwh can i switch my commercial electricity provider to iswitch. Or 20 97 cents per kwh if you want to factor in the 7 gst.

Contestable consumers are able to buy electricity from a number of retailers or wholesalers in an open market. Sp services buys electricity on behalf of customers and pays the generation companies transmission licensee and other market players based on the rates of the cost components as approved by ema. Electricity tariff in singapore. Discounted electricity tariff solar energy plans for those who want big savings and at the same time be powered by 50 local solar energy in singapore.

Electricity tariffs will increase by an average of 6 9 per cent or 1 50 cents per kwh from jul 1 to sep 30 this year compared to the previous quarter sp group announced on friday jun. It is set by sp services and is the price that every residential consumer was paying before the oem and now if they have not switched to an electricity retailer. Electricity tariff is now at 19 60 cents per kilowatt hour kwh from june to september 2020 down 15 from the april to june quarter. Based on the tariff in q1 2019 sp group gets approximately 24 out of the 23 85 cents per kwh paid by households.

The tariff is the amount charged by the electricity supplier in singapore it is the sp group for using electric power. Commercial and industrial c i consumers of electricity are grouped into either contestable or non contestable consumers in singapore. This part of the tariff reflects the cost of generating and delivering electricity to our homes. About 95 per cent of singapore s electricity is generated from imported natural gas the prices of natural gas are indexed to oil prices.

From 1st may 2019 onwards if your account is non domestic and is located in singapore you are eligible to switch electricity retailer. 50 solar energy 15 discount off sp electricity tariff singapore 24 months contract. 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.