SINGAPORE – Industries and households may be encouraged to voluntarily cut electricity use during an extreme gas shortage, with power rationing being a last resort, the Energy Market Authority told The Straits Times on May 9.EMA will be given the power to introduce power rationing for “extended periods of time” under extreme circumstances.
The regulatory framework supports decarbonisation in the energy sector, ensures energy security, and keeps Singapore’s power sector cost-competitive. “This is necessary to ensure the long-term sustainable operation of the power system, and to ensure system stability and security,” said the agency. Those willing to accept reduced power availability, or potential power interruptions, can be compensated with lower energy costs, which may incentivise firms or households to endure the inconvenience, he added.
Other changes to the Act also include allowing EMA to recover from consumers the costs for its initiatives to strengthen energy security, develop a competitive market, and support the decarbonisation of the power sector.
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