Singapore’s electricity, town gas tariffs to rise in Q2
Singapore sets regulated electricity and town gas tariffs each quarter based on the average cost of fuel over the first 2.5 months of the previous quarter. That means tariffs for April through June largely reflect fuel prices from January to mid-March. Town gas refers to the pipe..
✨ Key Highlights
Singapore residents will experience an increase in electricity and town gas tariffs for the second quarter, with further hikes anticipated later this year. This rise is attributed to escalating global fuel costs driven by the ongoing Middle East conflict.
- The Energy Market Authority (EMA) announced the tariff adjustments.
- Tariffs for April through June are influenced by fuel prices from January to mid-March.
- Singapore, heavily reliant on imported energy (95 percent of electricity from imported natural gas), warns of higher and more volatile energy costs.
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