Looking to start mining in Singapore?
Here is what you need to know:
Residential consumers in Singapore buy electricity from SP Group, a market support services company regulated by the EMA. The tariff set by SP Services is reviewed each quarter, and is regulated by the EMA to reflect the actual cost of electricity.
This tariff comprises two key components – fuel cost and non-fuel cost.
The fuel cost, or cost of imported natural gas, is tied to oil prices by commercial contracts, which change depending on global market conditions. The non-fuel cost is the cost of generating and delivering electricity to homes.