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Fall in wholesale electricity prices worries gencos

Rates have fallen below cost of natural gas feedstock, posing financial risks for players

FUELLING UP PacificLight Power's new 800 MW Jurong Island facility is 100 per cent LNG-fuelled, although it is starting to look at diversifying its feedstock portfolio for supply-security reasons. - FILE PHOTO

Singapore SINGAPORE generation companies (gencos) are concerned that wholesale electricity prices here have fallen for the first time below the cost of their natural gas feedstock this year. An industry official has warned that this is an unsustainable situation, as it poses financial risks for