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Chapter 5: Energy Prices

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Uniform Singapore Energy Price (USEP)

Electricity and Town Gas Tariffs

Annual Electricity Tariffs by Components

Uniform Singapore Energy Price (USEP)

The Uniform Singapore Energy Price (USEP) is the half-hourly energy price in the Singapore Wholesale Electricity Market. Energy withdrawal from the national grid is settled at the USEP. In 2025, USEP has largely settled in the $100 to $200/MWh range.

Monthly Average USEP

Note: Data for 2025 was as at Jun-2025.

Visit the Statistics section for more recent statistics on USEP.

Electricity and Town Gas Tariffs

From Jul 2024 to Jun 2025, regulated electricity tariffs decreased by 4.7% from an average of 29.5 cents per kWh to an average of 28.1 cents per kWh.

A similar trend was observed for general town gas tariffs during the same period, which decreased by 2.2% from an average of 23.2 cents per kWh to an average of 22.7 cents per kWh.

The trends observed for electricity and town gas tariffs were largely due to changes in cost of natural gas supplies.

Note:

1. Electricity and town gas tariffs are regulated by the EMA. The tariffs are updated quarterly to reflect changes in the cost of generating/producing and delivering electricity/gas to consumers.

2. There are three categories of town gas tariffs which are categorised according to the consumption of Town Gas per month. They are:

(i) General Tariff: Applies to consumers who consume less than 1,000 kWh of Town Gas per month.

(ii) Bulk Tariff A: Applies to consumers who consume a minimum consumption of 1,000 kWh of Town Gas per month.

(iii) Bulk Tariff B: Applies to consumers who consume a minimum consumption of 50,000 kWh of Town Gas per month.

Electricity and Town Gas Tariffs

Note: Data for 2025 was as at Jun-2025.

Annual Electricity Tariffs by Components (Low Tension Tariffs)

Energy cost constitutes the largest component (76.2% or 21.5 cents per kWh in 1H 2025) of regulated electricity tariff. This component is adjusted quarterly to reflect changes in the cost of fuel and power generation. Fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. Cost of power generation covers mainly the costs of operating the power stations, such as manpower and maintenance costs, as well as capital cost of the stations.

Note: The four main components of Electricity tariffs in Singapore are:

1. Energy Costs (paid to the generation companies),

2. Grid Charges (paid to SP PowerAssets),

3. Market Support Services Fees (paid to SP Services), and

4. Market Administration and Power System Operation Fees (paid to the Energy Market Company and the Power System Operator respectively).