Measures to boost energy security in Singapore may not lead to lower electricity prices now: Experts

Singapore's liquefied natural gas terminal on Jurong Island. The measures announced by EMA would entail purchasing natural gas at current prices.
Singapore's liquefied natural gas terminal on Jurong Island. The measures announced by EMA would entail purchasing natural gas at current prices.PHOTO: ST FILE

SINGAPORE - The recent measures taken by the Energy Market Authority (EMA) to safeguard energy security in Singapore amid the global energy crunch may not immediately translate to lower electricity prices here, experts told The Straits Times.

This is because the measures announced by EMA on Tuesday (Oct 19) - which include the establishment of standby fuel facilities that generation companies here can draw upon if needed - would entail purchasing natural gas at current prices.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.