City Gas Pte Ltd, as Trustee of City Gas Trust, announced today that the gas tariff for households will be reduced by 1.74% from 1 August to 31 October 2013. This is due to a 5.1% reduction in fuel prices in the last quarter from 1 April to 30 June 2013. The gas tariff for households will decrease from 21.26 cents per kilowatt hour (kWh) to 20.89 cents per kWh.
City Gas reviews the gas tariffs based on guidelines set by the Energy Market Authority (EMA), the gas industry regulator. The revised gas tariffs from 1 August 2013, which have been approved by EMA, are as follows:
Tariff Category | Existing Tariff* | Revised Tariff* | Revised Tariff (with 7% GST) |
General Tariff (cents/kWh) | 21.26 | 20.89 | 22.35 |
Bulk Tariff A (cents/kWh) Minimum consumption: 1,000 kWh of gas per month | 20.26 | 19.89 | 21.28 |
Bulk Tariff B (cents/kWh) Minimum consumption: 50,000 kWh of gas per month | 19.76 | 19.39 | 20.75 |
*Rates reflected are not inclusive of 7% GST