Singapore’s electricity prices rise due to higher carbon tax

(Photo: mrsiraphol)

Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.

From Jan 1 to March 31, household electricity tariffs supplied by SP Group increased by 5% to 32.58 cents per kWh after GST.

After GST, town gas tariffs also increased by about 4%, according to City Energy, the producer and retailer of piped gas.

Consumers who have standard fixed price plans with electricity retailers will not see change in electricity tariffs until they renew contracts, said the Energy Market Authority (EMA) on Dec 29 last year.