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. PHOTO: ST FILE
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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.

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