energy prices

UK homes install solar at fastest pace since 2015 as prices drop

UK HOMES are installing solar panels at their fastest rate in a decade as the technology’s cost continues to fall.

Unrecovered energy debt is spread across all consumer bills, adding £52, or around 3 per cent, to the current price cap of £1,755 a year for average use.

UK energy watchdog plans to tackle £4.4 billion consumer debts

[LONDON] Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which are driving up bills for millions of households.

Philippine government data shows that the country did not add any new greenfield gas or LNG-fired power capacity between 2017 and 2024.

Clean energy is driving coal’s decline in the Philippines, not LNG

Renewables have rapidly outpaced the growth of LNG while gas-fired power generation remains below historical levels

Some 84% of the crude oil and condensate, and 83% of the LNG that moved through the Strait of Hormuz in 2024 went to Asian markets, estimates the US Energy Information Administration.
COMMODITY INSIGHTS

Possible Hormuz blockade threatens Asia’s energy lifeline, unsettling oil market

About 20% of global oil and LNG supplies, including about half of China’s oil imports, hang in the balance as Iran decides its plans after US strikes

Market fundamentals should restrain the oil spikes from spilling over to gas markets.
COMMODITY INSIGHTS

Oil surge puts Singapore on alert as Strait of Hormuz risk grows

Analysts warn of worst-case scenario that could send prices past the US$100 per barrel mark and hurt the city-state’s and global growth, though for now, fundamentals point to weaker oil

Previous conflicts between Israel and Iran over the last year had limited impact on oil prices, on a medium-term horizon, says an analyst. A key reason behind this is that the US is now a major producer of crude oil.

SGX-listed energy stocks surge, regional names mixed, as oil prices rally on Israel-Iran conflict 

Analysts doubtful that oil prices will jump further; attacks on US assets or regional oil production pose danger

BMI expects electricity prices in the region to rise modestly over 2025 for various reasons.

Asia’s electricity prices to be increasingly impacted by renewables: BMI

While such power sources are key to a smooth transition, their associated expenses ‘will significantly impact the overall cost’, adds its report

US President Donald Trump’s policy focusing on exporting US gas into Asia could also boost Singapore’s status as an LNG trading hub, say market watchers.
COMMODITY INSIGHTS

Stirred but not shaken, Singapore’s oil hub status could see opportunities from US tariff poser

The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust

(From left) Achal Sondhi, CIO of Aquila Clean Energy Apac; Max Mo, CFO of MET Asia Energy; Lee Bradshaw, head of power trading Apac at Axpo; and Marc Ostwald,
chief economist and global strategist at ADM Investor Services International.

China, India natural gas imports will impact Apac prices: panellists

Japan, South Korea and Australia are heavily dependent on liquified natural gas from overseas for their energy needs

Selling oil at lower prices at higher production is not viable without increased profitability, limiting significant price drops, says an analyst.

Trump’s ‘drill baby, drill’ push rattles oil markets, but economics may limit impact

The newly sworn-in president promised to export US energy ‘all over the world’, which goes against Biden’s climate-focused policies