Subscribers

Electricity market revolution on the way

Sustainable Energy Association of Singapore predicts cheaper power for home-users

Singapore

RESIDENTIAL consumers could be looking at the option of buying electricity from green energy retailers once regulations are in place to allow intermittent energy sources to supply more power to the grid.

With more decentralised power stations, such as solar panels, located closer to end-users, lower electricity prices could be on the cards because less of the national grid would be used to transport power.

"The electricity market is going to be hit with the same revolution in marketing and financing concepts as telecommunications was," predicted Christophe Inglin, committee chair of the first White Paper by the Sustainable Energy Association of Singapore (SEAS), "thanks to renewable energy...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes