SINGAPORE: A surge in global energy prices triggered by the Middle East conflict could translate into higher electricity bills in the months ahead.

With the government urging households and businesses to curb energy use, is it time to think about using the S$400 (US$313) climate vouchers as a way to save on utility expenses?

Under the enhanced Climate Friendly Households Programme (CFHP), the vouchers allow eligible households to purchase energy-efficient appliances - lowering overall power consumption.

Although the United States and Iran agreed to a two-week ceasefire on Tuesday (Apr 7), damage to oil infrastructure is expected to constrain supply and keep energy prices elevated for months. 

Deputy Prime Minister Gan Kim Yong said the regulated electricity tariff, which most Singapore households pay, increased by 2.1 per cent to 27.27 cents/kWh for the second quarter of 2026, adding that this is “modest” relative to the spike in fuel prices.

However, he warned that households should expect a much sharper increase in the next tariff adjustment, which will fully reflect the higher fuel costs.

HOW MUCH CAN I SAVE WITH ENERGY-EFFICIENT APPLIANCES? 

So, what does this mean for your wallet - and what can you do about it?

One way to manage rising bills is by choosing appliances with higher tick ratings. The more ticks they are awarded, the more energy-efficient they are.

An appliance that uses less electricity to do the same job is more efficient, and will also have a direct impact on your electricity bill.

While these energy-efficient models may cost more upfront, they can lower your electricity bills over time.

According to the National Environment Agency (NEA), switching to a five-tick air-conditioner could save you around S$303 per year compared to a two-tick model.

This is based on an electrici...