Volatility in wholesale prices will not impact energy prices: EMA

Singapore’s energy regulator has said that volatility in wholesale prices will not impact energy prices. This comes after reports suggested a significant hike in electricity prices, based on forecasts by Uniform Singapore Energy Price. An industry observer said the forecasts reflect the real cost of electricity for those on wholesale contracts but tariff rates will not be directly affected. However, the forecasts may inform consumers about the likely revisions of tariff rates going forward.

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