Singapore Electricity, Gas Tariffs Set To Rise In 2Q 2026
By Anas Abu Hassan
SINGAPORE, March 31 (Bernama) -- The electricity and gas tariffs in Singapore for the second quarter (2Q) of 2026 are expected to increase following the rise in fuel prices amid regional tensions in West Asia, said the Energy Market Authority (EMA).
In a statement, EMA said the regulated electricity and town gas tariffs for each quarter are determined based on the average fuel costs in the first 2.5 months of the preceding quarter.
"Because prices of natural gas had started to climb only after Feb 28, 2026, the regulated tariffs for electricity and town gas in 2Q 2026 have only been partially affected by the rise in fuel prices.
"The electricity and town gas tariffs for the April to June period are therefore based on fuel prices from January to mid-March," it said on Tuesday.
EMA also warned that an increase in the cost of natural gas following West Asia conflicts would lead to an increase in prices of electricity and town gas for all consumers in Singapore.
It said that given the extensive disruptions to oil and natural gas production in West Asia, fuel prices are expected to remain elevated in the foreseeable future.
“Consequently, we are likely to see further and potentially sharper increases in the electricity and town gas tariffs in subsequent quarters.
“Similarly, consumers on electricity retail contracts are likely to also see an increase in prices when renewing their contracts," it added.
Meanwhile, the Finance Ministry (MoF) in a statement on Tuesday said more than one million Singaporean households living in Housing and Development Board (HDB) flats will receive U-Save and Service and Conservancy Charges (S&CC) rebates in April 2026 as part of the permanent GST Voucher (GSTV) scheme.
The rebates in April 2026 will be the first quarterly disbursement for financial year (FY) 2026 to help offset utilities expenses and S&CC for lower- and middle-income HDB households.
"In April 2026, eligible households will receive up to S$190 (S$1=RM3.12) worth of GSTV – U-Save rebates, depending on their HDB flat type.
"As announced at Budget 2026, additional U-Save rebates will also be provided in April 2026 and July 2026, on top of the regular GSTV – U-Save rebates, to help Singaporean HDB households cope with their utilities expenses," it said.
MoF also highlighted that in total, eligible Singaporean HDB households will receive up to S$570 of U-Save rebates in financial year 2026.
In the meantime, e-hailing service provider Grab announced a temporary fuel surcharge of S$0.40 in Singapore from April 7 to May 31 amid volatile fuel prices.
"The 'fuel surcharge' will be listed separately on the post-trip passenger receipt, and 100 per cent of this surcharge will continue going directly to driver-partners as a direct pass-through from passengers to help offset the recent increase in fuel costs," Grab said, as reported by Channel News Asia.
-- BERNAMA