Singapore's household electricity bills set to rise as carbon taxes to increase in 2024

On average, the higher carbon tax could lead to an increase of S$4 in monthly household utility bills for a four-room Housing Board flat. - ST PHOTO: CHONG JUN LIANG

SINGAPORE: Electricity prices for households are poised to rise in 2024 as power generation companies will face a higher tax for their carbon emissions.

On average, the higher carbon tax could lead to an increase of S$4 in monthly household utility bills for a four-room Housing Board flat, according to a forecast from the National Climate Change Secretariat (NCCS). This is assuming the full cost of the carbon tax is passed on to consumers.