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S'pore wholesale electricity prices fall in 2013

22.1% drop after 3 years of increase is also the biggest y-o-y decline ever

[SINGAPORE] The Republic's wholesale electricity prices retreated after three straight years of increase, falling 22.1 per cent last year - the biggest year-on-year decline ever - while the combined market share of the three biggest gencos here slipped to 69.7 per cent, the first time it has fallen below 75 per cent.

"2013 was a significant year," said Energy Market Company (EMC) chairman Wong Meng Meng in the wholesale electricity market operator's just-released annual market report, as the developments...

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