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Energy Market Authority (EMA)
Commodities
Gas tariff to increase by 0.73 cent per kWh before 9% GST, starting Jan 1
The increase in prices of piped town gas is due to higher costs, and have been approved by the Energy Market Authority.
December 29, 2023
Environmental, Social and Governance
Sembcorp granted conditional approval for renewable electricity import from Vietnam to Singapore
The conditional approval also follows the Letter of Intent (LOI) issued by EMA in August.
October 24, 2023
SIngapore energy market
Gan Kim Yong announces single gas buyer for power generation next year, six shortlisted for ammonia project
MTI and EMA will establish a single buyer of natural gas for Singapore’s power generation sector next year.
October 23, 2023
Sustainability
Keppel Energy one of five companies to receive EMA's approval to import low-carbon electricity from Indonesia
The latest projects bring Singapore closer to its ambition to import up to 4 GW of low-carbon electricity by 2035.
September 08, 2023
SIngapore energy market
EMA seeks bid for new power plant, introduces minimum net worth for electricity retailers
Power retailers must have a tangible net worth of at least $1 million when renewing or applying for a licence.
July 31, 2023
Broker's Calls
Knee jerk sell-offs for Sembcorp and Keppel ‘overdone’ and presents opportunity to accumulate: DBS
On the morning of June 20, shares in Sembcorp fell by 9% while shares in Keppel fell by 5%.
June 22, 2023
Broker's Calls
EMA’s energy price cap to have ‘minimal impact’ on Citi’s forecast for Sembcorp
Citi analyst Jame Osman has reiterated his "buy" rating for Sembcorp with an unchanged TP of $5.98.
June 21, 2023
Singapore economy
Singapore to end 3,000% power price spikes that sank companies
The Energy Market Authority will cap wholesale power prices from July 1.
June 19, 2023
Sustainability
MPA signs agreements to explore maritime digitalisation and decarbonisation
In addition, four organisations presented their initial findings on the feasibility of ammonia at the April 27 conference.
April 27, 2023
Sustainability
EMA grants Keppel Energy conditional approval for Cambodia renewable energy import project
Singapore plans to import up to 4GW of low-carbon electricity by 2035, comprising around 30% of its electricity supply.
March 17, 2023