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How Singapore’s dynamic digital comparison platform Voltz is set to transform the electricity market

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 […]

Singapore takes the lead in embracing green energy across ASEAN: report

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 […]

Will lower prices in open market make consumers use more electricity? Experts weigh in

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 […]

SRX Property website, app now help users switch electricity retailer

  SINGAPORE – Households can save on their power bills by switching their electricity retailer online in just a few clicks with a new service launched on Friday (Nov 9) by real-estate services provider SRX Property . The service is offered on its website and its mySG Home App. Its launch coincides with the start […]

Singapore’s largest offshore floating solar panel system to be built along Straits of Johor

SINGAPORE – A floating solar panel system roughly the size of five football fields will soon come up near Singapore’s northern shores, along the Straits of Johor. It is Singapore’s largest offshore floating solar panel system at about 5ha and  developed by sustainable energy provider Sunseap Group. Sunseap said this will be one of the […]

Blockchain tech is taking on renewable energy trading in Singapore

Key Points Companies in Singapore can now engage in renewable energy certificates trading on a blockchain-powered system from utilities provider SP Group. The idea behind the asset is that firms seeking to offset their non-green energy production can purchase RECs from a company producing excess green power. The use of a blockchain is more than […]

ExxonMobil to contribute US$10m to the Singapore Energy Centre partnership

EXXONMOBIL has announced that it will be contributing US$10m to the Singapore Energy Centre. The announcement was made on 31 October at Singapore International Energy Week 2018. The Singapore Energy Centre was created as a joint effort to transform the energy landscape and address future sustainability challenges. ExxonMobil will be the first founding industrial member […]

ROUND-UP: Singapore eyes 100MW floater, ADB funds Mongolia solar-wind-storage, Kenya PV airport

Singapore’s EDB consults on 100MW floating solar 31 October: Singapore’s Economic Development Board (EDB) has consulted the industry to explore the possibility of a 100MW floating PV system for private sector consumption at Kranji Reservoir. The Kranji Reservoir is suitable due to its larger water surface area, according to the issued Request for Information (RFI), […]

Spoilt for choice, will Singaporeans switch to green power?

The liberalisation of Singapore’s electricity market has given consumers the freedom to choose their electricity providers. Will price comparison platforms like Voltz help Singaporeans switch to green energy? From 1 November, Singaporeans were given the power to choose their electricity provider. This is a first for Singapore residents—households have only been able to buy electricity from the national provider […]

Singapore’s fuel oil imports from Mexico drop 45% year on year over Jan-Oct

Singapore — Singapore imported 636,206 mt of fuel oil from Mexico over January-October this year, down 44.7% a year ago, the latest data from Enterprise Singapore showed this week. Industry sources attributed the drop to lower running rates of refineries in the country. Mexico’s largest refinery, the 330,000 b/d Salina Cruz facility, was shut twice […]