Even if the conflict were to ease, disruptions to oil and gas production in the region will take time to recover. Consumers should be prepared for higher and more volatile energy costs in the coming months. Those on the regulated tariff are likely to see further and potentially sharper increases in subsequent quarters.

Eligible HDB households can use U-Save rebates to offset electricity expenses, with the next disbursement in April 2026 providing 1.5 times the regular amount (up to $570 annually) as announced in Budget 2026. Households facing financial difficulties can seek help from their Social Service Office. Additionally, eligible households can claim up to $400 in Climate Vouchers under the enhanced Climate Friendly Household Programme to purchase energy-efficient appliances from over 250 participating vendors.

Businesses can access the Resource Efficiency Grant for Emissions and Energy Efficiency Grant to invest in energy efficiency solutions. The Government is prepared to provide additional support if the situation deteriorates over a prolonged period.

EMA will work with industry partners to help ensure consumers continue to have access to electricity contracts. The regulated tariff also remains an option for eligible consumers to consider.

Electricity prices in Singapore are largely driven by natural gas prices. The recent Middle East situation has led to higher fuel prices and increased market volatility. The costs of natural gas are generally indexed to oil prices, and hence will increase as oil prices increase. In addition, the supply LNG from Qatar to Singapore has been disrupted, amounting to about 10% of Singapore’s natural gas supplies. Gencos will have to source for replacement gas which are more expensive. The higher costs of natural gas will lead to higher costs of power generation, which will translate into higher electricity retail prices.

Retailers are required to adhere to the Code of Conduct for Retail Electricity Licensees, which includes providing clear and accurate information on pricing and contract terms. 

EMA takes non-compliance seriously and will take appropriate regulatory action where necessary to safeguard consumer interests and maintain confidence in the market.