Electricity tariff for Singapore households to fall by 10.4% in 4th quarter of 2026
The overall tariff before GST, including that for non-households, will fall by an average of 10.6%
Singapore households will experience a 10.4% reduction in their electricity tariffs from October to December, according to the Singapore power grid operator SP Group. The average monthly bill for families residing in Housing Board four-room flats is set to drop by S$12.99 before GST, falling from S$0.3191 cents per kWh to S$0.2859 cents per kWh.
This decrease is attributed to lower energy costs. In addition, the piped town gas provider City Energy announced an 8.6% reduction in gas tariffs for households, moving from S$0.2348 per kWh to S$0.2145 per kWh. Both reductions are due to declining fuel costs. SP Group and City Energy review tariffs quarterly, considering guidelines set by the Energy Market Authority.
The fluctuations in electricity and gas tariffs are influenced by global fuel prices, which are affected by geopolitical factors. The decrease in tariffs aligns with the expectations of energy expert David Chew, who attributes it to lower oil prices during July and August. However, he anticipates a single-digit increase in tariffs during the first quarter of 2027 due to rising Middle East tensions.
The share of households opting for fixed-price electricity plans has risen from 36.6% in February to 38.4% in September, indicating a growing preference for stable energy rates.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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