Electricity

Energy costs have driven electricity and town gas tariffs to record highs in the current quarter starting Jul 1

The overall electricity tariff, including for non-households, will rise by an average of 17.5% or 4.66 cents per kilowatt-hour

The 1.4% rise is largely due to lower services inflation, which offset higher food and retail and other goods inflation

Singapore is highly dependent on imports for its energy needs, and imported natural gas accounts for 95% of electricity production

The country’s energy commission expects warmer weather and data centres to continue to drive power demand this year

The disruption in aluminium exports is hitting beverage manufacturing and power grid build-outs

Singapore needs tractable policy questions about AI, not grand narratives about a post-scarcity future

CEO Scott Strazik says the company is on the cusp of an investment super-cycle

The current volatility in the energy market can be a catalyst to rebuild existing systems