MEDIA RELEASE ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2017 Singapore, 30 June 2017 – For the period from 1 July to 30 September 2017, electricity tariffs will decrease by an average of 3.2% or 0.67 cent per kWh compared to the previous quarter. The reduction is due to the lower cost of natural gas for electricity generation, which fell by 7.5% compared to the previous quarter. For households, the electricity tariff will decrease from 21.39 to 20.72 cents per kWh for 1 July to 30 September 2017. The average monthly electricity bill for families living in four-room HDB flats will decrease by $2.55 (see Appendix 3 for the average monthly electricity bill for different household types). Quarterly Household Electricity Tariff 22.00 21.39 20.72 21.00 20.35 20.20 Cents/kWh 20.00 19.50 19.27 19.13 19.00 17.68 18.00 17.00 16.00 Oct - Dec 15 Jan - Mar 16 Apr - Jun 16 Jul - Sep 16 Oct - Dec 16 Jan - Mar 17 Apr - Jun 17 Jul - Sep 17 SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs given in Appendix 1 have been approved by the EMA. Issued by: SP Group 2 Kallang Sector Singapore 349277 www.spgroup.com.sg Appendix 1 ELECTRICITY TARIFFS FROM 1 JULY 2017 Existing Tariff (without GST) New Tariff (without GST) New Tariff (with 7% GST) LOW TENSION SUPPLIES, DOMESTIC All units, ¢/kWh 21.39 20.72 22.17 LOW TENSION SUPPLIES, NON-DOMESTIC All units, ¢/kWh 21.39 20.72 22.17 HIGH TENSION SMALL (HTS) SUPPLIES Contracted Capacity Charge $/kW/month 8.36 8.36 8.95 Uncontracted Capacity Charge $/chargeable kW/month 12.54 12.54 13.42 Peak period (7.00am to 11.00pm) 18.68 17.94 19.20 Off-peak period (11.00pm to 7.00am) 11.30 10.84 11.60 Reactive power Charge ¢/chargeable kVARh 0.59 0.59 0.63 HIGH TENSION LARGE (HTL) SUPPLIES Contracted Capacity Charge $/kW/month 8.36 8.36 8.95 Uncontracted Capacity Charge $/chargeable kW/month 12.54 12.54 13.42 Peak period (7.00am to 11.00pm) 18.46 17.72 18.96 Off-peak period (11.00pm to 7.00am) 11.29 10.83 11.59 Reactive power Charge ¢/chargeable kVARh 0.59 0.59 0.63 EXTRA HIGH TENSION (EHT) SUPPLIES Contracted Capacity Charge $/kW/month 7.54 7.54 8.07 Uncontracted Capacity Charge $/chargeable kW/month 11.31 11.31 12.10 Peak period (7.00am to 11.00pm) 17.57 16.84 18.02 Off-peak period (11.00pm to 7.00am) 11.19 10.74 11.49 Reactive power Charge ¢/chargeable kVARh 0.48 0.48 0.51 kWh charge, ¢/kWh kWh charge, ¢/kWh kWh charge, ¢/kWh Appendix 2 BREAKDOWN OF ELECTRICITY TARIFF 1. The electricity tariff consists of the following four components: a) Energy costs (paid to the generation companies): This component is adjusted quarterly to reflect changes in the cost of power generation. b) Network costs (paid to SP PowerAssets): This fee is reviewed annually. c) Market Support Services Fee (paid to SP Services): This fee is reviewed annually. d) Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator): This fee is reviewed annually to recover the costs of operating the electricity wholesale market and power system. Q3 2017 TARIFF Market Admin & PSO Fee 0.05¢/kWh (<1%) MSS Fee 0.37¢/kWh (1.8%) Network Costs 5.30¢/kWh (25.6%) Energy Costs 15.00¢/kWh (72.4%) Appendix 3 AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS (TARIFF WEF 1 JULY 2017) Average monthly consumption per Customer Average Monthly Bill New Average Monthly Bill kWh $(a) $(b) $(b-a) % HDB 1 Room 141.19 30.20 29.25 (0.95) (3.1) HDB 2 Room 199.55 42.68 41.35 (1.33) (3.1) HDB 3 Room 283.59 60.66 58.76 (1.90) (3.1) HDB 4 Room 380.25 81.34 78.79 (2.55) (3.1) HDB 5 Room 436.73 93.42 90.49 (2.93) (3.1) HDB Executive 537.11 114.89 111.29 (3.60) (3.1) Apartment 563.01 120.43 116.66 (3.77) (3.1) Terrace 926.44 198.17 191.96 (6.21) (3.1) Semi-Detached 1,215.60 260.02 251.87 (8.15) (3.1) Bungalow 2,484.15 531.36 514.72 (16.64) (3.1) Average 454.74 97.27 94.22 (3.05) (3.1) Types of Premises Average Decrease in Monthly Bill
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