Household electricity tariffs to fall 3% in Q1 2026 on lower energy costs

[SINGAPORE] Household electricity tariffs will decline by 3 per cent in the first quarter of 2026 compared to the previous quarter on the back of lower energy costs, said SP Group on Tuesday (Dec 30).

The S$0.0084 per kilowatt-hour (kWh) tariff reduction from S$0.2755 to S$0.2661, excluding goods and services tax, will translate into a S$3.17 lower average monthly electricity bill for families living in four-room HDB flats.

From Jan 1 to Mar 31 next year, the overall electricity tariff before GST (including tariffs for non-households) will decrease by an average of 3.1 per cent or S$0.0084 per kWh, compared with the previous quarter.

This follows a 0.3 per cent quarter-on-quarter increase in household electricity tariff for Q4 2025.

SP Group stated that the energy cost component of the electricity tariffs for each quarter is set using the average natural gas prices in the first two and a half months in the preceding quarter. This, said the group, means the electricity tariffs may fluctuate due to “volatile global fuel prices”.

It added that it reviews the electricity tariffs every quarter, based on guidelines set by the electricity industry regulator, the Energy Market Authority.