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Singapore electricity tariff to increase by 0.98 cents per kWh for last quarter

Electricity provider SP Group cited higher energy costs for the increase.

Timothy Kang
·Finance Producer
Updated ·2-min read
View of Singapore's Bishan city skyline in the evening, illustrating a story on rising electricity tariff.
The electricity tariff is set to increase by 0.98 cents per kilowatt hour for the period of 1 October to 31 December 2023. (PHOTO: Getty) (© Copyright Javan Ng via Getty Images)

SINGAPORE — Electricity tariff in Singapore are set to increase by 0.98 cents per kilowatt hour (kWh) for the fourth quarter of 2023.

In an announcement made on Friday (29 September), electricity provider SP Group said that the increase was due to higher energy costs compared with the previous quarter.

For households, the electricity tariff will increase from 27.74 to 28.70 cents per kWh for the period from 1 October to 31 December 2023, before the Goods and Services Tax (GST). Families living in Housing and Development Board (HDB) four-room flats will see their average monthly electricity bill increase by S$3.57 before GST.

Average monthly electricity bills for households from 1 October to 31 December 2023
Average monthly electricity bills for households from 1 October to 31 December 2023 (IMAGE: SP Group) (SP Group)
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Electricity tariffs are reviewed by SP Group every quarter, based on guidelines set by the Energy Market Authority (EMA).

Quarterly Household Electricity Tariff
Quarterly household electricity tariff. (IMAGE: SP Group) (SP Group)

Increase in water and gas prices

Similarly, water and gas prices are set to increase as well.

In an announcement on Wednesday (27 September), Singapore's national water agency PUB said that water prices are set to increase by 50 cents per cubic metre over the next two years.

The revisions will take place in two phases – on 1 April 2024 and 1 April 2025 – to reflect the rising costs of producing and supplying water.

Town piped gas prices will increase by 0.51 cents per kWh to 22.42 cents per kWh for the same quarter, as announced by gas provider City Energy on 29 September. The gas hike is for the period of 1 October to 31 December 2023.

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