Frozen food manufacturers grapple with soaring electricity costs amid global energy crisis

SINGAPORE’S frozen food manufacturers are feeling the squeeze from soaring electricity costs, as some report that their bills have doubled, or even tripled, in the past year alone.

Some members of the Singapore Manufacturing Federation have reported current utility bills that are up to 100 per cent higher than in 2021 and 2022, and are concerned that costs could keep climbing in the months ahead, said president Lennon Tan in response to queries from The Business Times.

Nevertheless, the degree of strain faced by each firm “varies significantly”, he added. “Some members are feeling a significant strain due to the increased costs impacting their operating and logistics costs, making it hard to remain competitive.”