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The regulated tariff is revised quarterly to reflect the actual cost of electricity production.
About the Regulated Tariff
The regulated tariff is the default electricity purchase option that most Singapore households are currently on. Set by SP Group and regulated by EMA, the tariff rate you pay is revised quarterly to reflect the costs of fuel and electricity production.
The tariff is set based on the average daily natural gas prices in the first 2.5 months in the preceding quarter. For instance, the average of daily natural gas prices from 1 January to 15 March is used to set the tariff for April to June.
This helps to smoothen out any large swings in gas prices, though this also means that changes in global gas prices can take some time to show up in your electricity bill.
The Current Tariff Rate
With global gas prices being significantly higher in April-June 2026 compared to the preceding period, the electricity tariff for the third quarter of 2026 will see a significant increase.
For July to September 2026, the regulated tariff is 31.91 cents/kWh (before GST), or 34.78 cents/kWh (with GST). To give you a sense of what this means for households, the average monthly electricity bill for families living in HDB four-room flats will increase by $17.14 (before GST).
Much of the recent rise in global gas prices has been driven by the conflict in the Middle East, which has disrupted global energy markets and affected fuel prices worldwide. To find out more about how the Middle East conflict has affected energy prices in Singapore, click here.
For historical tariff rates, please visit SP Group's website.
Components of the Tariff
There are two main components in the electricity tariff:
Fuel costs make up the largest portion of the tariff. Singapore generates most of its electricity from imported natural gas.
The tariff is set based on the average daily natural gas prices in the first 2.5 months in the preceding quarter.
Non-fuel costs cover everything else involved in generating electricity and delivering it reliably.
- Network Costs (paid to SP Group)
This is to recover the cost of transporting electricity through the power grid.
- Market Support Services Fee (paid to SP Group)
This is to recover the costs of billing and meter reading, data management, and retail market systems.
- Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator respectively)
This is reviewed annually to recover the costs of operating the electricity wholesale market and power system.
- Power Generation Cost (paid to power generation companies)
This covers mainly the costs of operating the power stations, such as manpower and maintenance costs, as well as the capital costs of the stations.
How Singapore’s Tariff Compares to Other Countries
When pricing electricity, we believe in reflecting its true cost to discourage wasteful consumption.
EMA commissions benchmarking studies which have shown that our regulated electricity tariff for residential consumers is comparable to that of similar cities around the world.
(Electricity Benchmarking Survey 2024 - Source: The Lantau Group, based on electricity prices in 2024)
Other Electricity Purchase Options
Since the liberalisation of the electricity retail market, households have greater flexibility and choices in how they buy electricity. Apart from buying electricity from SP Group at the regulated tariff, households can also choose from a range of price plans offered by various electricity retailers.
Consumers can opt for standard or non-standard price plans when buying electricity from a retailer. Standard price plans offer all-inclusive, fixed electricity rates over a contract duration of 6, 12, or 24 months, while non-standard price plans are more variable in their rates, fees, and contract duration.