Households Accumulating More Than One Year of Excess U-Save Credits, and Possibility of Excess Conversion

Parliamentary Question by Mr Shawn Loh:

To ask the Prime Minister and Minister for Finance (a) following the Budget 2026 announcement, how many households have accumulated more than one year of excess U-Save credits, based on average consumption rates; and (b) whether U-Save credits in excess of one year of average consumption can be converted to LifeSG credits to offset other cost of living pressures while incentivising energy efficiency.

Parliamentary Reply by Senior Minister of State for Finance, Mr Jeffrey Siow:

As at May 2026, 21,234 HDB households, or about 2% of the households eligible for U-Save, have accumulated more than one year of excess U-Save rebates, based on average monthly utility bills for each flat type.

U-Save rebates do not have an expiry date, so households need not rush to utilise U-Save rebates within a certain time period. This design also preserves the incentive for households to use energy efficiently.