Why some people pay more for electricity than others (opens in new tab)

Your electricity bill might depend on when gas prices were locked in\. Singapore generates most of its electricity using imported natural gas\. Because gas prices fluctuate, electricity retailers can end up paying very different costs depending on when those prices were secured\. That’s why two households using the same amount of electricity can still receive very different bills\. Some consumers are protected by fixed-price plans for now\. But once those contracts expire, higher rates can ki...