MEDIA RELEASE ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2017 Singapore, 31 March 2017 – For the period from 1 April to 30 June 2017, electricity tariffs will increase by an average of 6.1% or 1.20 cents per kWh compared to the previous quarter. The increase is largely due to the cost of natural gas for electricity generation, which increased by 12.0% compared to the previous quarter. For households, the electricity tariff will increase from 20.20 to 21.39 cents per kWh for 1 April to 30 June 2017. The average monthly electricity bill for families living in four-room HDB flats will increase by $4.21 (see Appendix 3 for the average monthly electricity bill for different household types). Quarterly Household Electricity Tariff 23.00 22.41 22.00 21.39 Cents/kWh 21.00 20.35 20.00 20.20 19.50 19.27 19.13 Jul - Sep 16 Oct - Dec 16 19.00 17.68 18.00 17.00 16.00 Jul - Sep 15 Oct - Dec 15 Jan - Mar 16 Apr - Jun 16 Jan - Mar 17 Apr - Jun 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 APRIL 2017 Existing Tariff (without GST) New Tariff (without GST) New Tariff (with 7% GST) LOW TENSION SUPPLIES, DOMESTIC All units, ¢/kWh 20.20 21.39 22.89 LOW TENSION SUPPLIES, NON-DOMESTIC All units, ¢/kWh 20.20 21.39 22.89 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) 17.27 18.68 19.99 Off-peak period (11.00pm to 7.00am) 10.51 11.30 12.09 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) 17.05 18.46 19.75 Off-peak period (11.00pm to 7.00am) 10.50 11.29 12.08 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) 16.18 17.57 18.80 Off-peak period (11.00pm to 7.00am) 10.41 11.19 11.97 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. Q2 2017 TARIFF Market Admin & PSO Fee 0.05¢/kWh (<1%) MSS Fee 0.37¢/kWh (1.7%) Network Costs 5.30¢/kWh (24.78%) Energy Costs 15.67¢/kWh (73.26%) Appendix 3 AVERAGE MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS (TARIFF WEF 1 APRIL 2017) Average monthly consumption per Customer Average Monthly Bill New Average Monthly Bill kWh $(a) $(b) $(b-a) % HDB 1 Room 132.82 26.83 28.41 1.58 5.9 HDB 2 Room 187.13 37.80 40.03 2.23 5.9 HDB 3 Room 260.78 52.68 55.78 3.10 5.9 HDB 4 Room 353.79 71.47 75.68 4.21 5.9 HDB 5 Room 409.18 82.65 87.52 4.87 5.9 HDB Executive 501.87 101.38 107.35 5.97 5.9 Apartment 510.26 103.07 109.14 6.07 5.9 Terrace 886.44 179.06 189.61 10.55 5.9 Semi-Detached 1,169.02 236.14 250.05 13.91 5.9 Bungalow 2,392.84 483.35 511.83 28.48 5.9 Average 423.28 85.50 90.54 5.04 5.9 Types of Premises Average Increase in Monthly Bill
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