Lower electricity and gas household tariffs from October to December
Rising global fuel prices could push tariffs higher next quarter, say SP Group and City Energy.
Singapore residents will see cheaper electricity and gas bills from October to December 2026, thanks to a drop in global energy costs. SP Group, the electricity provider, announced the household electricity tariff will be 10.4% lower, or 3.32 cents per kWh less than the prior quarter, before GST. This reduction brings the rate to 28.59 cents per kWh for Q4, down from 31.91 cents per kWh from July to September. Consequently, HDB four-room flat residents' monthly electricity bills will decrease by S$12.99.
The gas tariff for households will also see a 2.03 cents per kWh decrease, from 23.48 cents per kWh to 21.45 cents per kWh, a 8.6% reduction. These changes in fuel prices often take time to reflect in household tariffs, according to SP Group. Global fuel prices have risen since September 2026 due to heightened tensions in the Middle East, which could lead to higher electricity tariffs in the next quarter if the situation persists.
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