SP announces increase in electricity tariffs from April to June due to rising energy costs
Singapore Power (SP) Group has announced a 2.1% rise in electricity tariffs for the period from 1 April to 30 June, 2026.
This move is driven by rising natural gas prices amid the ongoing Middle East conflict.
In a media release on 31 March, SP Group also announced an increase in overall electricity tariffs.
Source: DP Architects
Tariffs increase
From 1 April to 30 June 2026, households will see a 2.1% increase in electricity tariffs, or 0.56 cents per kWh, compared to the previous quarter.
Electricity prices will be priced at 27.27 cents per kWh for the quarter, up from 26.71 cents per kWh, announced SP Group.
Source: SP Group
In a separate media release, the Energy Market Authority (EMA) added that global oil and natural gas prices have surged due to disruptions in the Middle East, which have strained fuel supply chains.
As Singapore relies heavily on imported natural gas for electricity generation, higher fuel costs translate directly into higher electricity prices.
For households, this will lead to a slight bump in monthly bills.
Source: SP Group
On average, families living in four-room HDB flats can expect to pay about $1.80 more per month before GST, SP Group said.
Families in bungalows will face the sharpest increase, with the average monthly bill projected to rise by approximately S$10.
Taking into account all housing types, the overall average increase in monthly electricity bills for households amounts to S$1.98.
Tariffs set to increase further
Overall, including both household and non-household consumers, tariffs will rise by an average of 2.0% or 0.52 cents per kWh.
Source: Earth Interior Design
However, authorities have warned that electricity tariffs may increase further in subsequent quarters, as the full impact of the recent surge in natural gas prices is incorporated.
Electricity tariffs are reviewed quarterly and are based on fuel costs from the first two and a half months of the preceding quarter.
As such, the upcoming tariff increases are based on the period of 1 Jan to 15 March, 2026.
EMA notes that fuel prices only started rising sharply after 28 Feb, due to the Middle East conflict.
Source: UNICEF
As such, the current tariff increase only partially reflects the recent surge in energy costs.
Netizens concerned over rising costs
On Reddit, netizens from Singapore voiced their concerns about the price hikes.
A Reddit user pointed out that even if the situation in the Middle East were to de-escalate, prices would likely continue rising as numerous energy-generating infrastructures have already been destroyed.
Source: Reddit
Another user called on the government to introduce more solar panels in HDB rooftops for energy generation.
Source: Reddit
EMA closely monitoring situation, advises households to save electricity
In its press release, EMA said they were closely monitoring the situation and working closely with the industry to ensure supply security.
EMA also warned customers and business consumers to be “prepared for higher and more volatile energy costs”.
The statutory board also appealed for households to save energy.
Source: ChrisSteer on Canva
“Everyone can play a part by using more energy-efficient appliances and conserving energy to reduce energy consumption”, EMA said.
According to EMA, doing so will help households not only reduce energy costs but also contribute towards improving Singapore’s energy resilience.
Also read: Middle East conflict may affect S’pore household electricity prices: Energy Market Authority
Middle East conflict may affect S’pore household electricity prices: Energy Market Authority
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Featured image adapted from DP Architects and Earth Interior Design
