As a small city-state, Singapore is highly dependent on imports for our energy needs. Imported natural gas accounts for 95% of our electricity production, and is also the main feedstock for the production of town gas.

2        Natural gas prices had increased sharply from the end of February and remained elevated from April to June due to the conflict in the Middle East. An increase in the cost of natural gas will lead to an increase in the costs of producing electricity and town gas in Singapore. As such, the regulated electricity and town gas tariffs have increased for July to September 2026.

How Electricity and Town Gas Tariffs are Determined 

3          Singapore’s regulated electricity and town gas tariffs are determined on a quarterly basis, based on the gas prices in the first 2.5 months of the previous quarter. For example, gas prices between April and mid-June 2026 are used to set the tariffs for July to September 2026.

4        This means that changes in fuel prices in a quarter will only show up in the electricity tariffs in the next quarter. This was the case when the regulated electricity tariffs for April to June 2026 rose slightly, as it only included the rise in fuel prices from 28 February (when the Middle East conflict started) till 15 March 2026.

5        The situation in the Middle East remains uncertain. Should the situation improve, it may lead to fuel prices decreasing, and in turn lower electricity and town gas tariffs in the fourth quarter of 2026.

Electricity Purchase Options for Households

6        Households can choose to buy electricity from SP Group at the regulated electricity tariff which is reviewed quarterly, or from electricity retailers at fixed-price, discount-off-the-regulated-tariff and time-of-use price plans. During this period with elevated fuel prices, consumers on electricity retail contracts may see higher prices at the point of contract renewal. Consumers are encouraged to choose the electricity supply option that best suits their needs and preferences, by comparing available plans at EMA's Price Comparison website at https://compare.openelectricitymarket.sg.

7        EMA continues to monitor the fuel supply situation closely and work with the industry to ensure supply security. Everyone can play a part in conserving energy — for example, by setting air-conditioners to a moderate temperature (e.g. 25°C or higher), switching off lights and appliances when they are not in use, and choosing energy-efficient appliances. This will not only help to reduce household electricity bills but also contribute to Singapore's energy resilience.