Singapore Power Bills Jump 17% to 31.91 Cents/kWh as US-Iran War Lifts Energy Costs
Updated
Updated · Bloomberg · Jun 30
Singapore Power Bills Jump 17% to 31.91 Cents/kWh as US-Iran War Lifts Energy Costs
1 articles · Updated · Bloomberg · Jun 30
Summary
31.91 Singapore cents per kilowatt hour will be charged to households from July through September, a 17% quarterly increase that sets a new record.
SP Group said the jump reflects the pass-through from the US-Iran war, underscoring how the conflict is feeding inflation into Singapore even as regional tensions ease.
The new tariff exceeds the previous peak of 30.17 cents per kilowatt hour set in the third quarter of 2022 after Russia's invasion of Ukraine.
Data going back to 2014 show the July-September household electricity rate will be the highest on record, highlighting the vulnerability of energy-importing economies to geopolitical shocks.