Why the Kilowatt-Hour Price Fluctuates: Factors That Affect Your Bill
For households and companies alike, the electricity kilowatt-hour price behaves much like the sea: calm one moment and rising the next. A figure that seems steady in one billing cycle can swing in another, leaving many wondering why. The reality is that the price follows clear influences, from global fuel trends to shifts in local consumption. Recognising these influences helps make sense of monthly statements and takes some of the sting out of unexpected spikes.
Fuel Prices and Their Influence
Singapore relies heavily on natural gas for power generation, which ties the electricity kilowatt-hour price to international markets. When global gas supplies are disrupted by politics or weather, costs go up. These increases are quickly reflected in domestic tariffs. While local consumers have l...