Due to the impact of the Middle East situation, electricity prices in Singapore have increased by 17%.

Singapore's state-owned power group SP Group announced on Tuesday that due to the sharp increase in natural gas prices, the country's electricity prices for the third quarter of 2026 will be raised by 17%. 95% of Singapore's electricity is generated using imported natural gas. The details are as follows: affected by the rising energy costs, the residential electricity price including taxes has increased by 17.0% compared to the previous quarter, rising to 0.0464 Singapore dollars per kilowatt-hour. The electricity price is adjusted quarterly according to the rules set by the Energy Market Authority of Singapore. The authority stated, "Due to the impact of the conflict in the Middle East, natural gas prices have surged since the end of February, and have remained high from April to June." The authorities added, "The increase in natural gas costs will push up the production costs of electricity and city gas in Singapore." They also mentioned that the situation in the Middle East still remains uncertain; if the situation eases, fuel prices are expected to decrease, and electricity prices and city gas fees for the fourth quarter may be lowered.