SINGAPORE: Following the passage of a bill on Monday (Sep 9) to support the nation’s energy transition, the Energy Market Authority (EMA) will have the authority to impose power rationing as a “last resort” during a crisis, with priority given to essential services.
Measures to encourage Singapore’s shift to clean energy will also include the establishment of a Future Energy Fund, which was announced during this year’s Budget.
In order to safeguard and stabilise Singapore’s energy supply, four additional significant proposals were included in the Energy Transition Measures and Other Amendments Bill. The bill was passed after ten Members of Parliament (MPs) raised their hands to ask for clarifications.
The bill included recommendations for new market mechanisms, energy security protection, and infrastructure planning and development.
If there is a significant and prolonged disruption to all of Singapore’s gas imports, Second Minister for Trade and Industry Tan See Leng stated that power rationing might be required to preserve the stability of the power system.
As much notice as possible will be given to households and businesses, and residents will still have access to power for their everyday needs while services like medical and telecommunication are prioritised.
Also Read:
Analysts Predict that the Singapore Dollar may Decline in the Upcoming Months
