One-off $100 utilities credit to be given to 1.2 million Singaporean households by September
The credit is meant to help households to offset their utility bills.
About 1.2 million Singaporean households will receive a one-off $100 Household Utilities Credit by September.
All households with at least one Singaporean citizen living in public or private residential property are eligible for the credit, said the Ministry of Finance (MOF) in a press release on Friday (August 26).
The credit will be directly disbursed to the household’s SP Service utilities account. Households that are using different retailers for their electricity can use the credit for other SP Group charges such as water, gas and refuse disposal.
Excess credit on a household’s account will be rolled over to offset future utilities bills, until it is fully used.
The credit is part of the $1.5 billion package to help Singaporeans cope with higher inflation announced by Deputy Prime Minister and Minister for Finance Lawrence Wong in June.
It will be given on top of the GST Voucher – U-Save scheme.
In June, SP Group announced that electricity tariffs will increase by an average of 8.1 per cent between July and September. The increase is “mainly due to higher energy cost driven by rising global gas and oil prices exacerbated by the conflict in Ukraine,” SP Group explained.
Excluding GST, the electricity tariff for households increased from 27.94 cents to 30.17 cents per kWH. Average monthly electricity bill for families living in a four-room HDB flat was estimated to increase by $8.25, before GST.