Our Energy Story is a long-term effort. The Energy Market Authority will be working with various stakeholders, from businesses to research communities, youths and unions and the general public to achieve this vision of a cleaner and more efficient energy future. Watch this short video on our Energy Story on YouTube. Electricity Consumers.
Research Innovation, Enterprise and Deployment. Energy-Industry Scholarship. Media Releases. See the latest speeches given at recent events. These political dynamics make it unclear if Morrison can withstand the political pressure to pull through with exporting renewable energy to Singapore.
After all, Trade and Industry Minister Gan Kim Yong remarked on Monday Oct 25 that the switch to renewables would not necessarily lead to lower prices , an attention-grabbing statement amid an electricity price hike. As noted by Minister for Manpower and Second Minister for Trade and Industry Tan See Leng, Singapore faces an energy trilemma, where it will inevitably have to make trade-offs between security, affordability and sustainability. Policymakers will have to stay flexible and set more ambitious targets towards cleaner energy when opportunities arise.
As mentioned by Minister Tan in a March parliamentary speech, Singapore aims to leverage the abundant renewable energy capacities of its neighbours and eventually develop an ASEAN grid.
Taken in isolation, each MW link with Indonesia and Malaysia would only provide 1. When combined, however, the network of energy sources would help to create a more resilient energy landscape. This is a worthy goal to aspire towards. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
To continue, upgrade to a supported browser or, for the finest experience, download the mobile app. Main navigation Top Stories. Bookmark Bookmark Share. See your browser's documentation for specific instructions. Singapore's Electricity Market The Singapore electricity market consists of the wholesale electricity market and the retail electricity market.
The Wholesale Electricity Market Power generation companies have to bid to sell electricity in the wholesale electricity market every half-hour. Their options are to buy electricity from: An electricity retailer at a price plan that best meets their needs; or The wholesale electricity market at half-hourly wholesale electricity prices through SP Group; or [Default] SP Group at the regulated tariff.
Power Generation Companies Power generation companies compete to generate and sell electricity in the wholesale electricity market every half-hour. Electricity Retailers Electricity retailers buy electricity in bulk from the wholesale electricity market and compete to sell electricity to consumers. Please create an employee account to be able to mark statistics as favorites.
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