Open electricity market to be extended to rest of Singapore from Q4 2018
Read more at https://www.channelnewsasia.com/news/singapore/open-electricity-market-to-be-extended-to-rest-of-singapore-from-10594190

By Tang See Kit @SeeKitCNA

06 Aug 2018 08:11PM (Updated: 06 Aug 2018 08:20PM)

Ricky Lim

The Government is also looking to diversify Singapore’s electricity generation sources so as to reduce the country’s reliance on fossil fuels and exposure to volatile global fuel prices.
Mr Chan highlighted initiatives, such as the JTC’s SolarRoof project, as part of a plan to raise solar adoption in Singapore to 350 megawatt peak (MWp) by 2020 and 1 gigawatt peak (GWp) beyond 2020.
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By open market liberalisation of power energy, there will be incentives for more service providers to diversify to electric generation sources (away from fuel prices - that are volatile) - and can explore new fuel generation such as solar power, waste generation of energy, biofuel etc --- and can lead to overall reduction of energy prices to consumer household as well as to businesses.

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Ricky Lim

This will also alleviate political pressure heap on the Government - where consumers directly feel the impact of power and water bill every 3 months - when they see their power and water bill go up and down.

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