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Tag: utility

  • 950,000+ Singaporean Households Set to Enjoy Utility Rebates Up to $150 This October!

    950,000+ Singaporean Households Set to Enjoy Utility Rebates Up to $150 This October!

    Over 950,000 households in Singapore’s public Housing and Development Board (HDB) flats are set to receive utility bill rebates ranging from S$110 to S$190 (US$86 to US$150) this October, aimed at easing the financial burden of rising living costs. In addition to these rebates, eligible families will also benefit from service and conservancy charge (S&CC) rebates, potentially equating to one month of waived fees.

    A striking 80% of Singapore’s residents call HDB flats their home. The S&CC fees collected contribute to essential services such as cleaning, landscaping, waste management, pest control, and the upkeep of electrical systems within the community. The specific amount of rebates depends on the type of HDB unit. For instance, residents of one- and two-room flats will enjoy the maximum rebate of S$190 alongside a full month’s worth of S&CC rebates. Conversely, those residing in larger executive or multi-generation units will see utility rebates of S$110 and about half a month’s S&CC rebate.

    To qualify for these rebates, households must meet certain criteria, such as not owning more than one property, and at least one member must be a Singaporean owner or occupant. Importantly, these rebates will be credited automatically to recipients’ accounts managed by local town councils and the national energy provider.

    These utility and S&CC rebates are part of Singapore’s ongoing GST Voucher scheme, designed to support lower- and middle-income families facing the challenges of escalating living expenses and a higher goods and services tax. Payments are made quarterly in April, July, October, and January.

    Looking ahead to the upcoming fiscal year from April 2025 to March 2026, eligible households could receive up to S$760 in utility rebates and as much as three and a half months of S&CC rebates. The recent announcement comes at a time when Singaporeans are bracing for a slight rise in electricity costs; shortly, the national grid operator SP Group reported a modest increase of 0.3% in electricity tariffs, resulting in an additional monthly cost of about S$0.31 for a typical family in a four-room HDB flat.

    As the cost of living continues to rise, this financial support is a crucial lifeline for many families navigating the urban landscape of Singapore.

    Questions & Answers

    How many households in Singapore will benefit from the utility rebates?
    More than 950,000 households living in HDB flats will receive the utility bill rebates this October.

    What factors determine the amount of the utility rebate?
    The amount of the rebate varies based on the type of HDB flat, with one- and two-room units receiving up to S$190, while larger executive or multi-generation units will receive S$110.

    What is the GST Voucher scheme?
    The GST Voucher scheme is a government initiative to assist lower- and middle-income households with rising living costs, providing support through utility and service charges, disbursed quarterly.

  • UOB Launches Comparison Website for Utilities

    UOB Launches Comparison Website for Utilities

    United Overseas Bank on Monday launched Singapore’s first online utility marketplace by a bank, as part of the Open Electricity Market initiative. United Overseas Bank (UOB)’s utility marketplace will add to an existing array of comparison websites under Singapore’s Open Electricity Market initiative by the Energy Market Authority. Featuring 10 utility providers on a single website, customers can now search and sign up for the best deals for electricity, gas, water, broadband and TV services.

    With utility bills making up an average of about 10 percent of monthly household expenses, we want to help people stretch their household budget, said Jacquelyn Tan, UOB’s head of personal financial services Singapore in a media statement.

    With more than 50 different plans offered by electricity retailers under the Open Electricity Market rollout, Singapore consumers could find it time-consuming to find the right electricity plan.

    The UOB Utility Marketplace aims to make it easy for consumers to compare providers and plans through its Electricity Price Plan Recommender. Users simply need to indicate if they prefer a fixed price or discounted price plan, their preferred subscription tenure, and their monthly electricity bill budget.

    A list of suitable electricity plans and potential savings will then be generated based on their selection. Consumers are then directed to the electricity partner’s website to sign up for their plan of choice. In all, the process takes less than 10 minutes to complete, the bank said.