Singapore doubling down on plans to decarbonise power sector, enhance grid infrastructure

Singapore is doubling down on plans to decarbonise its power sector and enhance grid infrastructure to be more responsive to changes in supply and demand. Deputy Prime Minister Gan Kim Yong announced these at the Singapore International Energy Week. An upcoming roadmap will be launched later this year to set the direction for future grid capabilities. Meanwhile, businesses could get cheaper wholesale electricity prices under an expanded programme by the Energy Market Authority. The scheme rewards firms when they shift power consumption to off-peak periods, so that the grid will remain stable at all times.