Insight
Global gas prices shake up Singapore's power industry
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Singapore has felt the full effect of the global energy price spikes as about 95% of the country’s power comes from gas and LNG, which are directly linked to global oil and gas prices. A surge in power prices is putting retailers out of business. Keeping warm is much less of a problem in Southeast Asia, but the lights cannot go out. This insight presents Wood Mackenzie's perspective of how Singapore's gas and power markets have been impacted by the unprecedented gas price rally. We shed some light on the underlying reasons behind why a number of electricity retailers went bust. Is there enough gas supply for Singapore to deal with its short-term energy challenges?
Table of contents
- Executive summary
- Surge in power prices is putting retailers out of business
- Why are power retailers going out of business?
- Why is power price spiking?
- The quest for energy security
Tables and charts
This report includes the following images and tables:
- Average monthly Uniform Singapore Energy Price
- Singapore's monthly electricity demand
- Singapore total piped gas imports
- Global LNG spot price benchmarks
What's included
This report contains:
