The COVID-19 pandemic, combined with the Saudi Arabia-Russia oil production dispute has led to the Singapore electricity market witnessing adverse impacts, a sharp drop in the Uniform Singapore Energy Price (USEP), and the forecasted drop in demand for the coming months.
The Singapore electricity market remains robust in terms of reliability and the ability to meet demand, but individual stakeholders will face high uncertainty in terms of charting their way forward.
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COVID-19: Singapore market implications
An analysis of the impact COVID-19 has had on the Singapore electricity market and an outlook for the coming months