When Singapore burns hydrogen, prices go boom
Expect electricity rates 2 to 3 times the current prices with hydrogen in the mix, experts say
First published online at The Business Times
Electricity prices are likely to climb to two to three times their current rates if Singapore were to switch out natural gas for low-carbon hydrogen, two experts separately told The Business Times.
That estimate assumes a low-carbon hydrogen cost of US$6.60 per kg and accounts for distribution costs provided domestic hydrogen-compatible infrastructure is already built up, said Chan Siew Hwa, co-director of the Energy Research Institute @ NTU.