SINGAPORE: The Energy Market Authority (EMA) warned that electricity and town gas tariffs in Singapore may rise sharply due to the ongoing Middle East conflict.
Singapore depends heavily on imported energy-about 95% of its electricity comes from natural gas, which also fuels town gas production.
The conflict has disrupted global fuel supply chains, pushing up oil and natural gas prices. These costs are expected to remain high in the near term.
Households will see higher tariffs starting April to June 2026. The electricity rate will rise by 0.56 cents per kWh before GST, while gas prices will increase by 0.24 cents per kWh.
However, tariffs are only "partially affected" this quarter because they are based on average fuel costs from the prior quarter’s first 2.5 months. Prices rose significantly after February 28.
EMA emphasized that these increases reflect long-term global energy trends and supply chain challenges.