S'pore electricity tariff expected to rise 'significantly' from July: EMA

Singapore's electricity tariff is expected to rise in the coming quarter.

This is despite the signing of a deal between the US and Iran on Jun. 18 to cease hostilities and restore shipping traffic flow to the Strait of Hormuz, through which one-fifth of the world's natural gas trade flowed before the conflict.

Responding to Mothership's queries, a spokesperson for the Energy Market Authority (EMA) explained that Singapore's regulated electricity tariff is determined on a quarterly basis, based on the average fuel costs in the first 2.5 months of the previous quarter.

The spokesperson continued:

"With the Middle East conflict straining global fuel supply chains, natural gas prices have increased sharply since the end of February.

Consequently, the regulated electricity tariff is expected to rise significantly in the coming quarter."

The tariff is currently 29.72 cents per kilowatt-hour (kWh), taking into account GST, The Straits Times reported.

More households taking up fixed-price contracts

The EMA spokesperson shared that since the liberalisation of Singapore's electricity retail market, households can choose to buy electricity from SP Group at the regulated electricity tariff, which is revised every quarter, or from retailers who offer fixed-price and time-of-use contract plans.

Between Feb. 1 and Jun. 1, 2026, the proportion of households who have taken up fixed-price electricity retail plans has gone up from 36.6 per cent to 37.1 per cent.

EMA attributed this increase to a confluence of factors such as consumers’ efforts to insulate themselves from the potential of higher tariffs, and new households formed during this period.

Meanwhile, those who buy electricity from SP Group under the regulated electricity tariff decreased from 63.4 per cent to 62.8 per cent.

"Consumers are encouraged to be aware of their various electricity purchase options, and choose an option that best suits their needs and preferences," the EMA spokesperson said.

Consumers can also check EMA's Price Comparison website to identify their preferred electricity retail plan.

U-Save rebates of S$110 to S$190 will also be disbursed to eligible Singaporean households in July 2026 to help offset utility expenses.

Rebates on service and conservancy charges will also arrive in July 2026.