Singapore to Fully Liberalize Electricity Market in 2018

Known as the "Garden City," Singapore is one of the cleanest cities in the world. The beautiful and eco-friendly urban environment of Singapore is a result of strict environmental protection laws. Recently, Singapore announced plans to sell solar power to the grid, aiming to reduce carbon dioxide emissions, and is preparing to fully liberalize its electricity market in the second half of 2018.

世贸通
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Known as the "Garden City," Singapore is one of the cleanest cities in the world. The beautiful and eco-friendly urban environment of Singapore is a result of strict environmental protection laws. Recently, Singapore announced plans to sell solar power to the grid, aiming to reduce carbon dioxide emissions, and is preparing to fully liberalize its electricity market in the second half of 2018. For families choosing to immigrate to Singapore, the eco-friendly and green urban environment is an important factor.


 

Singapore is a city with abundant sunshine, yet most of its electricity is generated from imported natural gas, with solar power accounting for only 1% of total power generation. According to Singapore's plan, commercial and industrial electricity users will be able to purchase solar power from the grid. Singapore's SunElectric company has been granted an electricity retail license.

 

Singapore's solar installation capacity has increased from 1.5 MW in 2009 to 43.8 MW in 2015, which can meet the electricity needs of 14,000 households. The government's goal is to reach 350 MW of photovoltaic capacity by 2020. At the Paris Climate Change Conference last December, Singapore pledged to reduce its carbon dioxide emissions by 36% by 2030 compared to 2005 levels.

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