Electricity

Grid constraints, ballooning electricity prices prompting data centre operators to explore new ways to power their facilities

But as hedges expire, high power costs could drive next wave of growth across the border, says one analyst

Firms are expected to be prudent amid ongoing volatility, with lessons learnt from business failures in the 2021 crisis

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