U-Save Rebates in 2011

December 31, 2010 · Posted in Economy 

MOFJust a day after SP Services announced that it would raise electricity tariffs by 0.76 cents in the 1st quarter of 2011, Singapore’s Ministry of Finance (MOF) released a statement that they would disburse utilities rebates, so called U-Save, to help offset the increase in the tariffs.

According to the disbursement, Singaporeans will stand to receive the rebates two times; one in January 2011 and second time in July 201. The rebate amount depends on the HDB Flat Type.

Month 1-Room 2-Room 3-Room 4-Room 5-Room Executive Flats
January 2011 $100 $100 $70 $65 $40 $25
July 2011 $90 $90 $50 $45 $30 $20
TOTAL $190 $190 $120 $110 $70 $70
January 2012
$90 $50 $45 $30 $20

With the rising cost of living, I’m sure this is very much welcomed by everyone living in Singapore, especially those who owns a HDB flat. Nonetheless, just hopefully that the increased tariff won’t be too much.

Update: As the U-Save rebate will carry on for the next 5 years from 2007 till 2012, I’ve updated the relevant information to include January 2012.

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