Earlier measures have ensured energy supply and stabilised wholesale electricity prices: MTI

SINGAPORE: Measures taken by the authorities so far have helped to ensure uninterrupted energy supply and stabilised wholesale electricity prices here, said Second Minister for Trade and Industry Tan See Leng in Parliament on Tuesday .

Global energy markets are set to remain “volatile and elevated”, given the protracted conflict in Ukraine and a seasonal increase in energy demand from countries during the upcoming winter. Asked by MP Yip Hon Weng if there are considerations to diversify Singapore’s electricity sources, the minister reiterated that the Government has been actively looking at ways to diversify and preserve the country’s energy security.

“We welcome these proposals, and we will diversify our supply sources to secure a reliable and sustainable supply for Singapore.”

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