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Our Energy Story

Overview

Discover how the Singapore Energy Story sets the vision towards a net-zero energy future.

Energy Supply

Gain insights into the four switches that power Singapore’s economy and our daily lives.

Energy Demand

Discover ways to enhance energy efficiency and lower your carbon footprint.

Energy Grid

Explore how EMA ensures a reliable and secure energy supply for everyone.

Energy Market Landscape

Learn about the intricacies of Singapore’s energy market structure and operations.

Consumer Information

Electricity

Get tips on buying electricity and protecting your family from electrical hazards.

Gas

Learn about purchasing gas and safeguarding your family against gas hazards.

Solar

Access information on installing solar panels at your home and selling excess electricity to the national grid.

Regulations & Licences

Regulations

Stay up-to-date with the latest regulations, policies and frameworks governing the energy sector.

Licences

Learn about the licences that EMA issues to different stakeholders in the energy sector.

Regulatory Publications

Read about the Codes of Practice and Circulars that EMA publishes to regulate the energy sector.

Partnerships

Calls for Proposal

Collaborate with EMA in co-creating innovative solutions for the energy sector.

Consultations

Give your comments and feedback on EMA’s policies and regulations.

R&D Engagements

Discover how EMA works with stakeholders to catalyse new and innovative digital technologies.

Talent Development

Learn about EMA’s efforts in nurturing talent and cultivate interest in the energy sector.

Welcome to EMA's website. We would love to have your valuable feedback.

Chapter 5: Energy Prices

Uniform Singapore Energy Price (USEP)

The Uniform Singapore Energy Price (USEP) is the half-hourly energy price in the Singapore Wholesale Electricity Market. Energy withdrawal from the national grid is settled at the USEP. Since 2022, various measures were introduced to enhance Singapore’s energy security and resilience. In Q3 2023, Temporary Price Cap (TPC) was implemented to further mitigate episodes of extreme price volatility. The elevated USEP in Q2 2023 was attributable to higher demand for electricity and lower supply due to maintenance of generation facilities. 

Monthly Average USEP

Note: Data for 2024 was as at Jun-2024.

Visit the Statistics section for more recent statistics on USEP.

Electricity and Town Gas Tariffs

The regulated electricity tariffs trended downwards from 2H 2022 to 1H 2023. From 2H 2023 to 1H 2024, regulated electricity tariffs increased by 5.7% from an average of 28.2 cents per kWh to an average of 29.8 cents per kWh.

A similar trend was observed for the general town gas tariffs. The general town gas tariff increased by 4.1% from an average of 22.2 cents per kWh in 2H 2023 to an average of 23.1 cents per kWh in 1H 2024.

The trends observed for electricity and town gas tariffs were largely due to changes in cost of natural gas supplies. 

Note:

1. Electricity and town gas tariffs are regulated by the EMA. The tariffs are updated quarterly to reflect changes in the cost of generating/producing and delivering electricity/gas to consumers.

2. There are three categories of town gas tariffs which are categorised according to the consumption of Town Gas per month. They are:

(i) General Tariff: Applies to consumers who consume less than 1,000 kWh of Town Gas per month. 

(ii) Bulk Tariff A: Applies to consumers who consume a minimum consumption of 1,000 kWh of Town Gas per month.

(iii) Bulk Tariff B: Applies to consumers who consume a minimum consumption of 50,000 kWh of Town Gas per month.

Electricity and Town Gas Tariffs

Note: Data for 2024 was as at Jun-2024.

Annual Electricity Tariffs by Components (Low Tension Tariffs)

Energy cost constituted the largest component (77.3% or 23.0 cents per kWh) of regulated electricity tariff in 2024 (as at 1H 2024). This component is adjusted quarterly to reflect changes in the cost of fuel and power generation. The fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. The cost of power generation covers mainly the costs of operating the power stations, such as the manpower and maintenance costs, as well as the capital cost of the stations.

Note: The four main components of Electricity tariffs in Singapore are:

1. Energy Costs (paid to the generation companies),

2. Grid Charges (paid to SP PowerAssets),

3. Market Support Services Fees (paid to SP Services), and

4. Market Administration and Power System Operation Fees (paid to the Energy Market Company and the Power System Operator respectively).

Breakdown of Low Tension Electricity Tariffs by Components

Note: Data for 2024 was as at Jun-2024.


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Data in this annual publication is accurate as of Sep 2024.

For enhanced visibility of the variables in the charts, you may filter them through the charts' legend.