Price Changes for Natural Gas Supplied to Singapore

13 Mr Leon Perera asked the Minister for Trade and Industry (Industry) (a) what has been the percentage change in the price of natural gas supplied to Singapore's power generation sector for every year since 2010; and (b) how does this compare to the percentage change in electricity prices for (i) consumers; and (ii) SMEs, in each year over the same period.

The Minister for Trade and Industry (Industry) (Mr S Iswaran): Mdm Speaker, from 2010 to 2016, the price of natural gas supplied to Singapore's power generation sector fell by 37% while the regulated electricity tariff declined by 16%. The pattern is similar for annual changes and it is consistent with the fact that fuel cost accounts for about half of the regulated electricity tariff.

Mdm Speaker: Mr Leon Perera, your next question.