Electricity tariff for Singapore households to fall by 10.4% in Q4 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 for Q4 2026, from 31.91 cents per kWh to 28.59 cents per kWh, according to SP Group. This decrease is due to lower energy costs and comes into effect from October to December. The average monthly bill for families living in Housing Board four-room flats will drop by S$12.99 before GST.
City Energy, a piped town gas provider, will also see an 8.6% decrease in gas tariffs for households, from 23.48 cents per kWh to 21.45 cents per kWh, effective from October 1 to December 31. This reduction is attributed to lower fuel costs. The electricity and gas tariffs are reviewed every quarter by SP Group and City Energy, following guidelines set by the Energy Market Authority.
The decrease in tariffs is in line with expectations, as oil prices dropped significantly in July and August due to geopolitical factors. However, a single-digit increase in the tariff may be expected in the first quarter of 2027 if oil prices rise further. The increase in fixed-price electricity plans has also impacted the overall tariff, with households on these plans accounting for a higher proportion in Q4 compared to Q3.
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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