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Electricity tariffs are regulated by the Energy Market Authority (EMA) of Singapore and revised quarterly to reflect the actual cost of electricity. 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.
Jan 2, 2024 · #2: SP Services. SP Services is the default energy provider for households in Singapore. If you don’t make the switch to an Open Electricity Market retailer, your home will be powered by SP Services. SP Services sets the electricity tariff every quarter to reflect the actual cost of electricity.
Apr 1, 2024 · Singapore, 28 March 2024 – For the period from 1 April to 30 June 2024, the electricity tariff (before GST) for households will decrease by 0.3% or 0.10 cent per kWh compared with the previous quarter due to lower energy costs.
Dec 29, 2023 · Singapore, 29 December 2023 – For the period from 1 January to 31 March 2024, the electricity tariff (before GST) for households will increase by 4.1% or 1.19 cents per kWh compared with the previous quarter.
Feb 1, 2024 · For this type of plan, you get a fixed discount off SP’s electricity rate, which is currently $0.2989 per kWh from 1 January to 31 March 2024 — a pretty huge jump compared to last quarter ($0.2870).
SINGAPORE: The electricity tariff will fall by an average of 2.7 per cent in the January to March 2023 period compared with the previous quarter, SP Group said on Friday (Dec 30).
Consumers are therefore encouraged to buy electricity from electricity retailers or the SP Group at the regulated tariff for greater price certainty. Thus, over time, consumers who are signing up or renewing their retail contracts can continue to expect higher electricity rates than before.
Mar 31, 2022 · SINGAPORE: The electricity tariff for households will increase by an average of 9.8 per cent for the April to June period this year, compared with the previous quarter, SP Group said on...
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May 11, 2021 · Based on Apr-Jun 2021’s figures, this adds up to 1.8% + 25.6% = 27.4% of the total electricity tariff. SP Group uses this money to operate and maintain the power grid (sorta like the “roads” or “network” to transport electricity from the power plants to our homes and businesses).
