Electricity tariffs cut 10.4% in Q4

Average monthly bills in 4-bedroom flats may drop by $12.99.

Households will now pay 10.4% less for electricity from October to December, with the tariff falling to $0.2859 per kilowatt-hour (kWh) from $0.3191.

Families in four-room Housing Development flats will see average monthly bills drop by $12.99 before Goods and Services Tax.

The overall tariff, including non-households, falls an average of 10.6%, or $0.0332 per kWh. City Energy cut the household town gas tariff by 8.6%, to $0.2145 per kWh.

According to SP Group, tariffs follow gas prices in the first 2.5 months of the preceding quarter, so the mid-September oil price rise on Middle East tensions has yet to feed through.

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