Power price hikes held at bay with Singapore landlords, hotel operators buffered by locked-in rates

[SINGAPORE] Commercial landlords and hospitality operators in Singapore have largely been shielded from recent electricity tariff hikes, thanks to fixed-price contracts and hedging strategies put in place ahead of market volatility.

In March, the government announced that electricity tariffs will rise 2.1 per cent for the second quarter of 2026 and are likely to increase further, as global energy costs climbed with ongoing conflict in the Middle East.

The impact so far has been limited, with utilities forming a small share of overall costs for commercial landlords.