When Singapore burns hydrogen, prices go boom
Expect electricity rates 2 to 3 times the current prices with hydrogen in the mix, experts say
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Wong Pei Ting
ELECTRICITY prices are likely to climb to two to three times their current rates if Singapore were to switch out natural gas for low-carbon hydrogen, two experts separately told The Business Times.
That estimate assumes a low-carbon hydrogen cost of US$6.60 per kg and accounts for distribution costs provided domestic hydrogen-compatible infrastructure is already built up, said Chan Siew Hwa, co-director of the Energy Research Institute @ NTU.
Justin Payne, a partner at sustainability consultancy firm ERM, came to the same conclusion by analysing the energy along a value chain that transports green hydrogen from Australia to Singapore in the form of ammonia – a leading candidate as a carrier chemical via which hydrogen can be transported and stored.
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