Energy and Power Grid

<h1>Energy and Power Grid</h1> <p>Singapore has no domestic oil, gas, or coal reserves and limited land for renewables, yet it runs one of the world's most reliable urban power systems. The Energy Market Authority (EMA) regulates the electricity and gas sectors, overseeing a liberalised market in which private generation companies produce power — overwhelmingly from imported natural gas — and compete every half-hour in the National Electricity Market of Singapore (NEMS). SP Group members own and operate the national transmission grid that delivers electricity island-wide, while retailers and SP Services supply contestable consumers under the Open Electricity Market. EMA's energy-transition strategy groups supply-side options into four &quot;switches&quot; — solar, regional power grids, low-carbon alternatives, and more efficient natural gas — alongside demand management, all framed under the wider <a href="/en/knowledge/article/sgkb.environment-sustainability.green-plan-2030">green plan 2030</a> net-zero trajectory (<a href="https://www.ema.gov.sg/">EMA, accessed Aug 2026</a>; <a href="https://www.ema.gov.sg/resources/corporate-publications/annual-sustainability-report-2024-2025/four-switches-for-sg-energy-transition">Four Switches, accessed Aug 2026</a>).</p> <h2>EMA and the structure of the power system</h2> <p>The Energy Market Authority is the statutory board under the Ministry of Trade and Industry that oversees Singapore's electricity and piped-gas sectors. Its mandate is to ensure a reliable and secure energy supply, promote effective competition, and develop a dynamic energy industry (<a href="https://www.ema.gov.sg/">EMA, accessed Aug 2026</a>). Unlike many countries where a single state utility owns generation, transmission, and retail, Singapore restructured its electricity industry progressively: generation and retail were opened to commercial players, a wholesale spot market was introduced, and households gained retailer choice when the Open Electricity Market completed its final phase in 2018 (<a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>). Power generation companies bid to sell electricity in the wholesale market every half-hour; the Energy Market Company (EMC) operates and administers NEMS; electricity retailers buy in bulk and compete on price plans; SP Services, a member of SP Group, is the Market Support Services Licensee handling meter reading, data management, and consumer transfers; and SP PowerAssets owns the transmission system while SP PowerGrid builds and maintains it on SP PowerAssets' behalf (<a href="https://www.openelectricitymarket.sg/about/market-overview">Open Electricity Market, accessed Aug 2026</a>; <a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>). Contestable consumers — essentially all households and businesses — may buy from a retailer, buy at half-hourly wholesale prices through SP Group, or remain on SP Group's regulated tariff; physical delivery always runs through the same national grid (<a href="https://www.openelectricitymarket.sg/about/market-overview">Open Electricity Market, accessed Aug 2026</a>). EMA licenses market participants, sets guardrails against wholesale price spikes — including a Temporary Price Cap acting as a circuit breaker — and, since 2023, runs a Centralised Process to tender new generation capacity when private investment alone might fall short of demand growth (<a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>).</p> <h2>Natural gas and the electricity fuel mix</h2> <p>The natural gas dominance of Singapore's electricity system is tied to imported gas. For any current answer, state the as-of date or period and the reference period for each dated fuel-mix percentage; the full-year 2024 and 1H 2025 series are not interchangeable.</p> <p>Natural gas is the dominant fuel for electricity generation in Singapore because the city-state lacks domestic fossil resources and has narrow renewable options on its own land. EMA states that about 95% of electricity is generated using imported natural gas, which remains the bridge fuel while renewables and imports scale up (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/natural-gas">EMA Natural Gas, accessed Aug 2026</a>). In the official fuel-mix statistics, natural gas accounted for 94.0% of gross electricity generation in 2024 and 93.1% in the first half of 2025; solar photovoltaic generation contributed 2.1% in 2024 and 2.5% in 1H 2025, while other energy products — municipal waste, biomass, and electricity imports — made up 2.7% in 2024 and 3.0% in 1H 2025; coal and petroleum products comprised the small remainder (<a href="https://www.ema.gov.sg/resources/singapore-energy-statistics/chapter2">EMA SES Chapter 2, accessed Aug 2026</a>; <a href="https://www.ema.gov.sg/content/dam/corporate/resources/statistics/files/pdf/Fuel-Mix-for-Electricity-Generation-Yearly.pdf.coredownload.pdf">Fuel Mix table, accessed Aug 2026</a>). Gross electricity output was about 60 terawatt-hours (TWh) in 2024, up 2.5% from 2023, reflecting continued demand growth (<a href="https://www.ema.gov.sg/resources/singapore-energy-statistics/chapter2">EMA SES Chapter 2, accessed Aug 2026</a>). Generation is concentrated in combined-cycle gas turbine (CCGT) plants, co-generation and tri-generation units, open-cycle gas turbines (OCGTs) for fast-start peaking, waste-to-energy plants tied to the incineration system described in <a href="/en/knowledge/article/sgkb.environment-sustainability.semakau-and-waste">semakau and waste</a>, and growing solar and import capacity. As of 1H 2025, registered generation capacity stood at 13,261 megawatts (MW), with CCGT and cogeneration at 81.3% of capacity in 2024, solar at 9.7% (1,367 MWac in 1H 2025), waste-to-energy at 2.8%, electricity imports at 2.4%, OCGTs at 2.1% (rising sharply after new units commissioned in 2025), and battery energy storage at 1.6% (<a href="https://www.ema.gov.sg/resources/singapore-energy-statistics/chapter2">EMA SES Chapter 2, accessed Aug 2026</a>). Tuas Power Generation, Senoko Energy, and YTL PowerSeraya held a combined 51.4% of generation market share in 2024 (<a href="https://www.ema.gov.sg/resources/singapore-energy-statistics/chapter2">EMA SES Chapter 2, accessed Aug 2026</a>). Singapore's average grid emission factor — CO₂ per kilowatt-hour of net generation — fell from 0.412 kg CO₂/kWh in 2023 to 0.402 kg CO₂/kWh in 2024, helped by a higher solar share and lower emissions intensities at power plants (<a href="https://www.ema.gov.sg/resources/singapore-energy-statistics/chapter2">EMA SES Chapter 2, accessed Aug 2026</a>). Gas supply security is being strengthened through Singapore GasCo, established in April 2025 to centralise procurement for the power sector, and a planned second liquefied natural gas terminal at Jurong Port with about five million tonnes per annum throughput capacity expected this decade (<a href="https://www.ema.gov.sg/resources/corporate-publications/annual-sustainability-report-2024-2025/four-switches-for-sg-energy-transition">Four Switches, accessed Aug 2026</a>). The <a href="/en/knowledge/article/sgkb.business-industry.petrochemicals-industry">energy and chemicals cluster</a> on Jurong Island is a major gas consumer alongside the power sector, linking electricity policy to industrial energy demand.</p> <h2>Solar, storage, and domestic renewables</h2> <p>Solar is Singapore's principal domestically harvestable renewable because the island sits near the equator with average annual solar irradiance of about 1,580 kWh/m²/year (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/solar">EMA Solar, accessed Aug 2026</a>). Rooftop installations account for more than 80% of installed capacity, driven by government programmes — HDB's SolarNova, JTC's SolarRoof and SolarLand — and rising private adoption on commercial, industrial, and residential buildings (<a href="https://www.ema.gov.sg/news-events/news/media-releases/2026/Singapore-to-Accelerate-Solar-Deployment-to-Meet-3-GWp-Solar-Target-by-2030">EMA solar release, accessed Aug 2026</a>). Singapore reached 2 gigawatt-peak (GWp) of installed solar capacity in 2025, meeting the earlier 2030 target five years early; on 2 March 2026 EMA raised the 2030 deployment target to 3 GWp, which could generate about 2,800 gigawatt-hours (GWh) per year — enough for roughly half a million households (<a href="https://www.ema.gov.sg/news-events/news/media-releases/2026/Singapore-to-Accelerate-Solar-Deployment-to-Meet-3-GWp-Solar-Target-by-2030">EMA solar release, accessed Aug 2026</a>). Large installations include the 60 MWp Sembcorp Tengeh floating solar farm and smaller floating arrays at offshore spaces such as Woodlands (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/solar">EMA Solar, accessed Aug 2026</a>). EMA emphasises that solar can realistically cover only around 10% of Singapore's projected energy needs by 2050, which is why domestic solar complements rather than replaces gas and imports (<a href="https://www.ema.gov.sg/news-events/news/media-releases/2026/Singapore-to-Accelerate-Solar-Deployment-to-Meet-3-GWp-Solar-Target-by-2030">EMA solar release, accessed Aug 2026</a>). Solar intermittency is managed through forecasting models, energy storage systems registered in the capacity mix, and grid rules; EMA has deferred an Intermittency Pricing Mechanism while consulting on an enhanced version (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/solar">EMA Solar, accessed Aug 2026</a>). The <a href="/en/knowledge/article/sgkb.environment-sustainability.green-plan-2030">green plan 2030</a> Energy Reset pillar tracks solar ambitions alongside building efficiency and cleaner vehicles; readers comparing targets should note that Green Plan web pages may lag EMA announcements — the 3 GWp March 2026 solar target and the around-6 GW by 2035 import target supersede older &quot;at least 2 GWp&quot; and &quot;up to 4 GW&quot; copy still visible on some Green Plan pages. Climate pledges and the carbon tax sit in <a href="/en/knowledge/article/sgkb.environment-sustainability.green-plan-2030">green plan 2030</a>; this article stays on the power system's fuel mix, market, and infrastructure.</p> <h2>Regional electricity imports and cross-border grids</h2> <p>EMA's current 6GW target for 2035 supersedes the older 4GW target framing; conditional approvals are not the same as commissioned imports.</p> <p>Because domestic renewables cannot meet Singapore's full demand, EMA treats regional power grids as a core &quot;switch&quot; for accessing low-carbon electricity generated abroad. Singapore now aims to import around 6 gigawatts (GW) of low-carbon electricity by 2035 — about one-third of projected energy demand then — up from an initial 4 GW target set when the first large-scale import Request for Proposal closed in December 2023 (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/regional-power-grids">EMA Regional Power Grids, accessed Aug 2026</a>). EMA has issued conditional approvals to 13 projects from Australia, Cambodia, Indonesia, Malaysia, and Vietnam, and conditional licences to six projects that have made substantive progress (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/regional-power-grids">EMA Regional Power Grids, accessed Aug 2026</a>). Pathfinder trials include the Lao PDR–Thailand–Malaysia–Singapore Power Integration Project (LTMS-PIP), the first multilateral ASEAN cross-border trade involving four countries: Phase 1 from June 2022 imported up to 100 MW of Lao hydropower wheeled through Thailand and Malaysia; Phase 2, enhanced in September 2024, doubled capacity to a maximum of 200 MW with multidirectional trade including up to 100 MW from Malaysia (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/regional-power-grids">EMA Regional Power Grids, accessed Aug 2026</a>; <a href="https://www.ema.gov.sg/resources/corporate-publications/annual-sustainability-report-2024-2025/four-switches-for-sg-energy-transition">Four Switches, accessed Aug 2026</a>). A separate Malaysia ENEGEM pilot saw Sembcorp Power import 50 MW of renewable electricity from Tenaga Nasional Berhad for two years from December 2024 (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/regional-power-grids">EMA Regional Power Grids, accessed Aug 2026</a>). Singapore Energy Interconnections Pte Ltd (SGEI), established in April 2025, develops and operates cross-border interconnections; SP PowerInterconnect, an SP Group subsidiary, is its technical partner for landing infrastructure (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/regional-power-grids">EMA Regional Power Grids, accessed Aug 2026</a>). Large import projects are not counted in EMA's firm supply projections until construction is underway, because regulatory approvals remain uncertain (<a href="https://www.ema.gov.sg/content/dam/corporate/regulations/policy-papers/pdf-files/EMA-Regulations-Policies-Info-Paper-On-Electricity-Demand-And-Supply-Outlook-2025.pdf">EMA Outlook 2025, accessed Aug 2026</a>). EMA is also studying longer-horizon low-carbon options — ammonia for power and bunkering on Jurong Island, power-sector carbon capture and storage feasibility, advanced nuclear cooperation, and deep geothermal potential — as potential complements if they become viable (<a href="https://www.ema.gov.sg/resources/corporate-publications/annual-sustainability-report-2024-2025/four-switches-for-sg-energy-transition">Four Switches, accessed Aug 2026</a>).</p> <h2>The national grid, electricity market, and demand outlook</h2> <p>Switching retailer changes billing and the electricity contract, not the physical national grid or the company operating it.</p> <p>The national power grid transmits electricity from generators to consumers across Singapore at high reliability; SP PowerGrid operates it while retailers and SP Services handle billing and retail competition on top of the same physical network (<a href="https://www.openelectricitymarket.sg/about/market-overview">Open Electricity Market, accessed Aug 2026</a>). Wholesale prices in NEMS change every half-hour as generation companies bid against demand; retailers hedge most of their contract positions and compete on fixed-price or discount-off-tariff plans for households comparing offers on the Open Electricity Market price-comparison tools (<a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>). EMA strengthened retailer licensing after wholesale volatility — requiring tangible net worth, hedging of at least 80% of retail positions, performance bonds on unhedged exposure, and consumer protection when retailers exit (<a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>). An Electricity Futures Market on Singapore Exchange, launched in 2015, adds forward-price instruments for market participants (<a href="https://www.ema.gov.sg/our-energy-story/energy-market-landscape/electricity">EMA Electricity Market, accessed Aug 2026</a>). On the demand side, EMA projects system peak demand to grow at a compound annual rate of roughly 2.4%–4.8% between 2025 and 2034, driven by economic activity, population, and electrification including data centres and electric vehicles (<a href="https://www.ema.gov.sg/content/dam/corporate/regulations/policy-papers/pdf-files/EMA-Regulations-Policies-Info-Paper-On-Electricity-Demand-And-Supply-Outlook-2025.pdf">EMA Outlook 2025, accessed Aug 2026</a>). Fast-start OCGT units commissioned in 2025 by PacificLight Power and Meranti Power bolster peaking capacity, while new advanced CCGTs are tendered through the Centralised Process (<a href="https://www.ema.gov.sg/our-energy-story/energy-supply/natural-gas">EMA Natural Gas, accessed Aug 2026</a>). EMA's Demand Response programme lets large consumers reduce load during tight supply periods; enhancements in October 2024 retained sandbox flexibilities and opened participation to battery storage, with the programme credited with over S$700 million in savings for electricity buyers between 2023 and mid-2024 (<a href="https://www.ema.gov.sg/resources/corporate-publications/annual-sustainability-report-2024-2025/four-switches-for-sg-energy-transition">Four Switches, accessed Aug 2026</a>). For residents, electricity is one component of <a href="/en/knowledge/article/sgkb.daily-life.cost-of-living">monthly household budgets</a> alongside <a href="/en/knowledge/article/sgkb.daily-life.telco-and-internet">home broadband</a>; desalination and NEWater in <a href="/en/knowledge/article/sgkb.environment-sustainability.water-story">water story</a> add energy-intensive demand that the power system must serve. Carbon pricing on large industrial emitters under the Carbon Pricing Act — detailed in <a href="/en/knowledge/article/sgkb.environment-sustainability.green-plan-2030">green plan 2030</a> and <a href="/en/knowledge/dataset/sgkb.data.annual-rates">annual rates</a> — sits alongside these market mechanics as the economy-wide signal to decarbonise generation and demand.</p>

简介

能源与电网

新加坡没有本土石油、天然气或煤炭储量,可用于可再生能源的土地也有限,但它拥有全球最可靠的城市电力系统之一。能源市场管理局(EMA)监管电力和天然气行业;在其监管的自由化市场中,私人发电公司生产电力——绝大部分来自进口天然气——并在新加坡国家电力市场(NEMS)中每半小时竞价。新加坡能源集团(SP Group)旗下成员拥有并运营全国输电网,将电力输送至全岛;零售商和新加坡能源集团服务公司(SP Services)则依据开放电力市场向可选择零售商的用户供电。EMA的能源转型战略将供应侧选项归纳为四个“转型支柱”——太阳能、区域电网、低碳替代能源和更高效的天然气——并辅以需求管理;这些措施均纳入更广泛的绿色计划 2030净零排放路线图(EMA,查阅于 2026 年八月; 四大转型支柱,查阅于 2026 年八月。

EMA 与电力系统结构

能源市场管理局是贸工部辖下的法定机构,负责监管新加坡电力和管道天然气行业。其职责是确保能源供应可靠且安全、促进有效竞争,并发展充满活力的能源产业(EMA,查阅于 2026 年八月)。许多国家由单一国有公用事业公司拥有发电、输电和零售业务;与之不同,新加坡逐步重组电力行业:向商业企业开放发电和零售业务,引入批发现货市场,并在开放电力市场于 2018 年完成最后阶段后,让家庭用户可以选择零售商(EMA 电力市场,查阅于 2026 年八月)。发电公司每半小时在批发市场竞价售电;能源市场公司(EMC)运营和管理 NEMS;电力零售商批量购电并以价格方案竞争;新加坡能源集团旗下成员 SP Services 是市场支持服务持牌机构,负责抄表、数据管理和用户转户;SP PowerAssets 拥有输电系统,SP PowerGrid 则代表 SP PowerAssets 建设和维护该系统(开放电力市场,查阅于 2026 年八月; EMA 电力市场,查阅于 2026 年八月)。可选择零售商的用户——实质上包括所有家庭和企业——可以向零售商购电、通过新加坡能源集团按半小时批发价购电,或继续使用新加坡能源集团的受监管电价;电力始终通过同一全国电网输送(开放电力市场,查阅于 2026 年八月)。EMA为市场参与者发放许可证,设置防止批发价格飙升的防护措施——包括作为断路器的临时价格上限——并自 2023 年起,在私人投资可能无法满足需求增长时,通过集中流程招标新增发电能力(EMA 电力市场,查阅于 2026 年八月)。

天然气与电力燃料结构

新加坡电力系统以天然气为主,与进口天然气密切相关。回答当前情况时,应注明截至日期或时期,并为每项有日期的燃料结构百分比说明其参考时期;2024 全年与 2025 上半年数据不可互换。

天然气是新加坡发电的主要燃料,因为这个城邦缺乏本土化石能源,境内可开发的可再生能源选项也有限。EMA表示,约 95% 的电力使用进口天然气发电;在可再生能源和进口电力逐步扩大规模期间,天然气仍是过渡燃料(EMA 天然气,查阅于 2026 年八月)。官方燃料结构统计显示,天然气占 2024 年总发电量的 94.0%,占 2025 年上半年的 93.1%;太阳能光伏发电占比在 2024 年为 2.1%,在 2025 年上半年为 2.5%;其他能源产品——市政废弃物、生物质和电力进口——在 2024 年占 2.7%,在 2025 年上半年占 3.0%;煤炭和石油产品构成其余少量部分(EMA 新加坡能源统计第 2 章,查阅于 2026 年八月; 燃料结构表,查阅于 2026 年八月)。2024 年总发电量约为 60 太瓦时(TWh),较 2023 年增长 2.5%,反映需求持续增长(EMA 新加坡能源统计第 2 章,查阅于 2026 年八月)。发电主要依靠联合循环燃气轮机(CCGT)电厂、热电联产和三联产机组;快速启动的开放循环燃气轮机(OCGT)用于应对高峰负荷;此外还有与实马高岛与废弃物所述焚化系统相关的垃圾发电设施,以及不断增加的太阳能和进口电力容量。截至 2025 年上半年,登记发电容量为 13,261 兆瓦(MW);2024 年,联合循环燃气轮机和热电联产占容量的 81.3%,太阳能占 9.7%(2025 年上半年为 1,367 MWac),垃圾发电占 2.8%,电力进口占 2.4%,开放循环燃气轮机占 2.1%(2025 年新机组投运后大幅上升),电池储能占 1.6%(EMA 新加坡能源统计第 2 章,查阅于 2026 年八月)。大士电力(Tuas Power Generation)、胜科能源(Senoko Energy)和杨忠礼电力(YTL PowerSeraya)在 2024 年合计占发电市场份额的 51.4%(EMA 新加坡能源统计第 2 章,查阅于 2026 年八月)。新加坡平均电网排放因子——按净发电量每千瓦时计算的二氧化碳排放量——从 2023 年的每千瓦时 0.412 千克二氧化碳降至 2024 年的 0.402 千克,太阳能占比提高以及电厂排放强度降低均有所助益(EMA 新加坡能源统计第 2 章,查阅于 2026 年八月)。新加坡天然气公司(Singapore GasCo)于 2025 年四月成立,负责集中采购电力行业用气;此外,计划在裕廊港建设第二座液化天然气接收站,预计本十年内建成,年处理能力约为五百万吨,以加强天然气供应安全(四大转型支柱,查阅于 2026 年八月)。裕廊岛上的能源与化工产业集群与电力行业一样,是天然气的重要用户,因此电力政策与工业能源需求紧密相关。

太阳能、储能与本土可再生能源

太阳能是新加坡最主要的本土可开发可再生能源,因为该岛接近赤道,年平均太阳辐照量约为每平方米每年 1,580 千瓦时(EMA 太阳能,查阅于 2026 年八月)。屋顶设施占已装机容量的 80% 以上;政府计划推动了这一发展,包括建屋发展局(HDB)的 SolarNova、裕廊集团(JTC)的 SolarRoof 和 SolarLand,此外商业、工业和住宅楼宇的私人采用率也在上升(EMA 太阳能新闻稿,查阅于 2026 年八月)。新加坡于 2025 年达到 2 吉瓦峰值(GWp)的太阳能装机容量,比原定时间提前五年实现 2030 年目标;2026 年三月 2 日,EMA将 2030 年部署目标提高至 3 GWp,预计每年可发电约 2,800 吉瓦时(GWh),足以供应约五十万户家庭(EMA 太阳能新闻稿,查阅于 2026 年八月)。大型设施包括胜科能源 60 MWp 的腾格水库浮动太阳能电场,以及伍德兰等离岸区域规模较小的浮动太阳能阵列(EMA 太阳能,查阅于 2026 年八月)。EMA强调,太阳能到 2050 年现实而言只能满足新加坡预计能源需求的约 10%,因此本土太阳能是天然气和进口电力的补充,而非替代品(EMA 太阳能新闻稿,查阅于 2026 年八月)。EMA通过预测模型、纳入容量结构的储能系统以及电网规则来管理太阳能间歇性;在就加强版方案进行咨询期间,EMA暂缓推出间歇性定价机制(EMA 太阳能,查阅于 2026 年八月)。绿色计划 2030的能源重置支柱追踪太阳能目标,并同步关注建筑能效和清洁车辆;读者比较目标时应注意,绿色计划网页可能未及时反映EMA公告——2026 年三月提出的 3 GWp 太阳能目标和约 6 GW 的 2035 年进口目标,已取代一些绿色计划网页仍显示的旧版“至少 2 GWp”和“最高 4 GW”表述。气候承诺和碳税见绿色计划 2030;本文聚焦电力系统的燃料结构、市场和基础设施。

区域电力进口与跨境电网

EMA目前设定的 2035 年 6GW 目标已取代旧版 4GW 目标;有条件批准并不等于进口项目已投运。

由于本土可再生能源无法满足新加坡全部需求,EMA将区域电网视为获取海外低碳电力的一项核心“转型支柱”。新加坡目前计划在 2035 年前进口约 6 吉瓦(GW)低碳电力,届时约占预计能源需求的三分之一;最初的 4 GW 目标是在首轮大型进口电力招标于 2023 年十二月结束时设定的(EMA 区域电网,查阅于 2026 年八月)。EMA已对来自澳大利亚、柬埔寨、印度尼西亚、马来西亚和越南的 13 个项目发出有条件批准,并向已取得实质进展的六个项目发放有条件许可证(EMA 区域电网,查阅于 2026 年八月)。试点项目包括老挝—泰国—马来西亚—新加坡电力一体化项目(LTMS-PIP),这是首个涉及四个国家的东盟多边跨境电力交易:第一阶段 1 自 2022 年六月起,通过泰国和马来西亚输送最多 100 兆瓦老挝水电;2024 年九月扩展的第二阶段 2 将容量翻倍至最高 200 兆瓦,并开展双向交易,其中包括最多 100 兆瓦马来西亚电力(EMA 区域电网,查阅于 2026 年八月; 四大转型支柱,查阅于 2026 年八月)。另一项马来西亚 ENEGEM 试点中,胜科电力(Sembcorp Power)自 2024 年十二月起的两年内,从马来西亚国家能源公司(Tenaga Nasional Berhad)进口 50 兆瓦可再生电力(EMA 区域电网,查阅于 2026 年八月)。新加坡能源互联公司(Singapore Energy Interconnections Pte Ltd,SGEI)于 2025 年四月成立,负责开发和运营跨境互联设施;新加坡能源集团旗下子公司 SP PowerInterconnect 是其负责登陆基础设施的技术合作伙伴(EMA 区域电网,查阅于 2026 年八月)。由于监管批准仍存在不确定性,在大型进口项目开始施工前,EMA不会将其计入可靠供应预测(EMA 2025 年展望,查阅于 2026 年八月)。EMA也在研究更长期的低碳选项——裕廊岛的发电和船用氨燃料、电力行业碳捕集与封存的可行性、先进核能合作,以及深层地热潜力——若这些方案具备可行性,可作为补充(四大转型支柱,查阅于 2026 年八月)。

全国电网、电力市场与需求展望

更换零售商会改变账单和电力合同,但不会改变全国电网,也不会改变运营电网的公司。

全国电网以高可靠性将发电设施的电力输送给新加坡各地用户;SP PowerGrid负责运营电网,而零售商和 SP Services 则在同一实体网络上提供账单服务并开展零售竞争(开放电力市场,查阅于 2026 年八月)。NEMS批发价格随发电公司竞价和需求变化,每半小时调整;零售商对大部分合同头寸进行套期保值,并推出固定价格或按电价折扣方案,供家庭用户通过开放电力市场的比价工具比较(EMA 电力市场,查阅于 2026 年八月)。批发市场波动后,EMA加强了零售商许可要求,包括规定有形净资产、至少对 80% 的零售头寸进行套期保值、为未套期保值敞口提供履约保证金,以及在零售商退出市场时保护消费者(EMA 电力市场,查阅于 2026 年八月)。新加坡交易所于 2015 年推出电力期货市场,为市场参与者提供远期价格工具(EMA 电力市场,查阅于 2026 年八月)。在需求方面,EMA预计 2025 年至 2034 年系统峰值需求的复合年增长率约为 2.4%–4.8%,增长动力来自经济活动、人口增长和电气化,包括数据中心与电动汽车(EMA 2025 年展望,查阅于 2026 年八月)。PacificLight Power 和 Meranti Power 于 2025 年投运的快速启动开放循环燃气轮机机组增强了调峰能力;新的先进联合循环燃气轮机机组则通过集中流程招标(EMA 天然气,查阅于 2026 年八月)。EMA的需求响应计划允许大型用户在供应紧张时期降低负荷;2024 年十月的改进保留了试验计划的灵活性,并开放电池储能参与。该计划在 2023 年至 2024 年年中期间为电力买家节省了超过 S$700 million 新元(四大转型支柱,查阅于 2026 年八月)。对居民而言,电费是每月家庭预算的一部分,与家庭宽带等开支并列;水务发展中的海水淡化和新生水也带来能源密集型需求,须由电力系统满足。《碳定价法》对大型工业排放者征收碳税——详见绿色计划 2030和年度税率——与这些市场机制共同构成推动整个经济脱碳发电和需求的信号。