Expect to pay higher electricity bills this month and the next two as SP group said yesterday (March 31) electricity tariff that households will pay an average of 9.9% more for the period of April to June.
SP group said that the increase in higher energy is due to the current unrest in Ukraine citing the increase of oil and gas prices as the reason.
The electrical tariff will increase from 25.44 to 27.93 cents this quarter (Prices are before GST).
For the last 5 quarters, the electricity tariff has been rising steadily and this current quarter has the highest increase.
Here is what SP Group said:
For the period from 1 April to 30 June 2022, electricity tariff (before 7% GST) will increase by an average of 9.9% or 2.49 cents per kWh compared with the previous quarter.
The increase is mainly due to higher energy cost arising from significantly higher global gas and oil
prices exacerbated by the conflict in Ukraine.
How much more will you pay?
The above image from the SP group’s media release shows that a person living in a 4 room flat will expect an average increase of $8.73 to their monthly bill