Energy management a key part of Singapore's economic strategy

Download PDF Print this article E-mail
Speaking to Channel News Asia ahead of the recent Singapore International Energy Week, Singapore's minister for Trade and Industry explained why energy management is such a crucial element of the country's wider economic strategy.
 
Mr Iswaran began the interview by explaining how Singapore has made efforts over the past 50 years to increase the resilience of its energy supply and ensure that it has a variety of energy sources.
 
The second phase of its energy landscape evolution has been to increase competition within the energy sector, from generation stages to the final end user. A more competitive market lowers the price thresholds and provides customers with more choice in terms of their energy usage and provider.
As a relatively small country with no natural resources – meaning that it must rely almost fully on energy imports – any disruption in a Singapore company's energy supply can disrupt business operations and cause significant losses. This means energy is an important factor for investors and, as a result, is an "indispensable" part of Singapore's economic strategy.
 
When asked what was being made a priority within the energy sector, Iswaran explained that the three elements forming current and future governmental policies were energy security, environmental sustainability and economic competitiveness.
 
As well as focusing on retail contestability - opening up the electricity market to give customers more value and choice - the government will strive to diversify its energy sources.
 
Despite being "quite limited, alternative energy disadvantaged [...] by virtue of size and built up environment", says Iswaran, there is the potential for solar energy to become a greater part of Singapore's energy make up.
 
Finally, while energy strategy can largely be considered a domestic issue, Singapore is aware that international engagement - both cross-country and cross-economy - can give individual efforts a boost, as certain areas of the sector can benefit from this type of collaboration.
 
Energy efficiency in Singapore

Newsletter

News

  • VEOLIA- Energy Management Solution for utilitiesVeolia is one of the market leader companies in Hungary in the energy, water and waste management industry. The group company employs approximately 2,500 people who provide professional services to various towns, institutions and industrial companies enabling them to efficient manage resources, while the water utility and district heating branches of the company supply drinking water to hundreds of thousands of families, and heat to tens of thousands of households. With its more than 20-year professional experience Veolia is a determining participant of the Hungarian energy market. The energy branch of the company group provides energy to various institutions of 50 local municipalities, 85 state-owned and public buildings, 30 health institutions and 31 industrial plants, while its district heating networks supply 67,000 residential and institutional customers nationwide. In the three power plants of the company operate high-efficiency natural gas blocks and blocks utilizing renewable energy (biomass).
  • Meet us at the Utility Week in BarcelonaThe European Utility Week aims to be a serious information platform connecting the smart utility community, focusing on regional and global developments in Grid Optimisation, Renewables, Energy Storage, Smart Metering, Smart Cities, Smart Homes, Energy Services & Efficiency, Intelligent Buildings, Data Management, Analytics and IoT, Cyber Security, Smart Gas and Smart Water.  The event serves as an annual meeting point for the community and will be attended by 12.000 international visitors, 450 speakers and 600 exhibitors. 
  • Remote Desktop ServiceAs part of our sales support options, remote desktop service is high on demand.
  • AVReporter Windows Phone & IPhone Mobile Client (Remote Meter Reading)With the support of this application the measurement data (identifying meters manually or by QR code) can be entered and sent via email (attachment in CSV file format) easily into the AVReporter server application.  
  • Technical SpecificationsBelow are some of the specific key elements of AVReporter: