Household power bills will be higher next month as Singapore Power yesterday announced that electricity tariffs will be raised from next Tuesday.
Families living in a one-room HDB flat can expect their monthly electricity bill to go up by an average of $1.20.
Owners of five-room HDB flats can expect their power bills to rise by an average of $5.
The average bill sizes are worked out based on the new electricity tariffs, which go up by 1.19 cents per kilowatt-hour (kWh) for all households from the next quarter, starting July 1.
With the new tariff, electricity will cost 25.07 cents per kWh.
This is an increase of about 5 per cent over the 23.88 cents consumers are paying this quarter.
Singapore Power said the increase is due to the higher cost of electricity arising from higher fuel prices.
In the next quarter, tariffs are pegged to a higher forward fuel oil price of US$82.61 (S$113) per barrel.
This is about 11 per cent higher than US$74.40 per barrel in the current quarter.
The electricity tariff is reviewed quarterly and adjusted according to fluctuation in the cost of electricity.
Tariffs have been on the rise since July last year when they increased by 8.83 per cent.
The cost of electricity then was 20.52 cents per kWh.
Tariffs increased by 5.94 per cent and 5.7 per cent during the first and second quarters of this year.
