Singapore became one of the first countries to implement the blockchain technology for its environmental concerns. The Singapore Power (SP) Group was responsible for setting up the decentralized Energy system in Singapore. The creator of the utility is of the belief that an absence of any centralized form of entity in the Energy Trading will […]

Weak crude oil prices weigh on rig-builders, petroleum services firms KUALA LUMPUR (Nikkei Markets) — Singapore shares fell Wednesday as investors grappled with lower crude oil prices that weighed on rigbuilders and other firms servicing the industry in a broadly weak market. Malaysia eked out tiny gain. The Straits Times Index closed down 0.3% at […]

It will be priced at 40 cents per kWh. Singaporean company ComfortDelGro will introduce a Direct Current (DC) fast charging service for electric vehicles (EV) in Singapore. According to an announcement, the Terra 54 CG charging station, which will be operated by ComfortDelGro Engineering and global EV charging software provider, Greenlots, can fully charge up […]

Singapore marine fuel sales in October climbed 3 percent on year to a five-month high of 4.125 million tonnes, according to data released by the Maritime and Port Authority of Singapore (MPA) on Tuesday. The latest sales volumes were 0.3 percent higher compared to September, it showed. The higher October sales volumes reflect a slight […]

SINGAPORE – Transport giant ComfortDelGro has set up an electric vehicle fast-charger at its premises for public use. Its Terra 54 direct current fast-charger, supplied by Swiss tech company ABB and set up with EV charging specialist Greenlots, is located in its Braddell Road headquarters and will be open round the clock. The charger will […]

Concerns over whether Singapore Power Group (SP Group) had been overcharging consumers for electricity tariffs are circulating online, after competitor Tuas Power began offering electricity tariffs at a sizeable 21 per cent discount. Earlier this year, the Energy Market Authority (EMA) opened up the electricity market and allowed households and businesses to opt out of […]

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group. A blockchain-based marketplace in renewable energy certificates (RECs) has been launched in Singapore, looking to help local and international organizations meet their sustainability goals.    The platform was launched […]

Its real-time electricity pricings offer complete transparency, and ultimately, more savings for consumers. An essential player in the launch of the Open Electricity Market (OEM) this month is Voltz Energy (Voltz). Its online price comparison platform allows consumers and electricity retailers to make informed choices and bid — using real-time data. Even before the full […]

Rising energy consumption and cost pressures continue to hinder the region’s sustainability efforts, the report said. Singapore is setting an example across ASEAN as it takes the lead in embracing green energy following its moves to transform itself into a trading hub for LNGs, according to Capgemini’s 2018 World Energy Markets Observatory report. Singapore is […]

SINGAPORE: As electricity retailers in the Open Electricity Market (OEM) dangle discounted tariffs at cost-savvy consumers, experts are divided over whether this could lead to higher consumption. Some said this could lead to a “rebound effect”, which refers to consumers using more electricity because it is cheaper. Others said the OEM would make users more aware […]