nd Minister for Trade and Industry Tan See Leng.contracts under the Temporary Electricity Contracting Support Scheme
Concerns over Singapore's energy security and increasing electricity prices have grown as oil and gas prices rise amid Russia's invasion of Ukraine.extended the scheme till May. Responding with an update on the power capacity available as at Feb 28, Dr Tan said EMA is monitoring the take-up rate of Trecs on a"tight basis" and offered to look into why the business in question could not secure a contract.EMA has also been negotiating with other gencos to provide for longer fixed price contracts of between six months to three years, he said.
These long-term contracts will be available to non-residential accounts with an average monthly consumption of 4MWh to 50MWh.
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