SINGAPORE – Electricity and gas tariffs in Singapore will be reduced in the second quarter of 2024, from April 1 to June 30.

In an announcement on Thursday (March 28), power utility SP Group said its electricity tariff (before Goods and Services Tax (GST)) for households would fall by 0.3 percent, or 0.10 cents per kWh, compared to the previous quarter due to lower energy costs. The tariff will thus be set at 29.79 cents per kWh in the second quarter.

This means, the SP Group added, that the average monthly electricity bill for families living in four-room HDB flats will fall by S$0.33 (before GST).

Meanwhile, City Energy, Singapore’s city gas provider, announced that its gas tariff (before GST) for households would fall by 0.03 cents per kilowatt hour (kWh) from 23.15 cents per kWh to 23.12 cents per kWh – also due to lower costs compared to the previous quarter.

Electricity and gas tariffs are reviewed quarterly by SP Group and City Energy based on the guidelines set by the Energy Market Authority (EMA).

Currently, electricity and gas tariffs for households in Singapore are 29.89 cents per kWh and 23.15 cents per kWh respectively.

Increase in water prices from April 1, 2024

The first of two water price increases will take place on Monday. Water prices will rise by 20 cents per cubic meter. A year later, the water price will rise by a further 30 cents per cubic meter.

Singapore’s national water authority PUB announced in September 2023 that the water price increase would be introduced in two phases – on April 1, 2024 and April 1, 2025 – to reflect the rising costs of water production and supply.

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