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Factually
Corrections and Clarifications

Are our electricity prices one of the highest in the world?

21 April 2025

Some online articles and text messages have been making misleading claims.

Nighttime cityscape with vibrant light trails on roads, illuminated buildings, and lightning streaks in the sky.

Claim: Singapore’s electricity prices are one of the highest in the world.

Fact: Benchmarking studies regularly commissioned by the Energy Market Authority (EMA) show that our regulated electricity tariff for households is comparable to that of similar cities around the world. As seen in the infographic below, our tariffs are not the highest.  

Around 95% of Singapore’s electricity needs are currently met by imported natural gas. This means that our electricity prices are affected by global energy market volatility.

Other cities may have access to their own sources of fuel for their electricity, which could result in lower costs. These may include renewable energy sources, or coal. However, coal, for instance, may be cheaper but more pollutive.

The graphic below shows data from a benchmarking study commissioned by EMA, based on data from up to 2023. 

An infographic by MTI showing electricity prices in Singapore

Why don’t we subsidise the price of electricity?

We do not subsidise electricity prices because:

  1. Subsidies benefit those who use more electricity; and

  2. Subsidies are not sustainable in the long run, given that fuel is imported and subject to global pricing.

Instead, our approach has been to right-price electricity to encourage responsible usage. We also seek to keep electricity prices fair and reasonable through regulation and market competition.

Is anything being done to help Singaporeans cope with their electricity bills?

U-Save rebates are provided to Singaporean HDB households to offset their utility expenses. Please refer to the MOF website for the latest information regarding U-Save rebates.

Eligible households will also receive climate vouchers through the Climate-Friendly Households Programme (CFHP). This programme will help households in Singapore become more energy- and water-efficient, while saving on utility bills in the long-run. Please refer to the NEA website for the latest information regarding CFHP. 

As we transition to a low-carbon economy, the Government will continue to monitor overall electricity prices and provide targeted assistance as needed.

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