SINGAPORE - In times of a global energy crisis, the Energy Market Authority may be given the power to get electricity retailers and consumers to ration power “for extended periods of time” as a last resort under extreme circumstances, it said on May 8.
highlighted the risks that global gas supply disruptions could cause to Singapore’s electricity supply, said EMA. About 95 per cent of Singapore’s electricity mix comes from gas.“While Singapore avoided supply disruptions then, we must prepare for future emergencies, no matter how unlikely they might be,” EMA added.
France’s contingency plan to the 2022 energy crisis entailed a power-rationing exercise, which would affect companies most. It proposed a “quota trading system” that would enable companies to buy and sell power quotas. ST has asked EMA for the circumstances in which it would recoup costs from the industry players or consumers.
Source: Energy Industry News (energyindustrynews.net)
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