Importing low-carbon energy could push electricity prices up: EMA

First published online at CNA

With Singapore aiming to import about a third of its low-carbon energy, the Energy Market Authority warns that additional costs from this move could actually push the price of electricity higher.

Prof Subodh Mhaisalkar, Executive Director of the Energy Research Institute at NTU, said: “There are issues in verifying the source of green electricity, whether or not it is really coming from renewable sources. There are other issues in terms of the maturity of the various grids – some of these grids may need to ensure that the electricity supply is uninterrupted.”

Watch the interview here.