Electricity in Singapore in 2024

In Singapore, the current landscape of electricity generation is overwhelmingly dominated by fossil fuels, with a staggering 95% reliance on such sources. Natural gas, in particular, accounts for most of this percentage, comprising over 92% of the electricity mix. On the other hand, low-carbon energy sources, though present, contribute only a minimal 5% to electricity generation in the country. This includes biofuels and solar power, with biofuels contributing nearly 3% and solar energy accounting for roughly 2%. The disproportionate reliance on fossil fuels highlights the urgent need for Singapore to diversify its energy mix, as fossil fuels not only contribute to climate change but also pose threats to air quality and public health.

Suggestions

To enhance low-carbon electricity generation, Singapore can draw lessons from other nations that have successfully transitioned to incorporating more sustainable energy solutions. For instance, Denmark's significant reliance on wind energy, which forms over half of its electricity generation, is a model worth examining. Additionally, several countries with similarities to Singapore, such as the United Arab Emirates, have invested in nuclear energy, with nuclear power making up 20% of their electricity production. Singapore could consider these examples and bolster its commitment to expanding solar energy, looking into wind potential, and potentially developing nuclear energy capabilities to establish a more balanced and sustainable energy portfolio.

History

Historically, Singapore's journey with low-carbon electricity has seen a gradual yet steady progression, particularly in biofuels and solar energy. Since the late 1980s, biofuels have incrementally increased in electricity generation, with notable increments in the early 2000s and a significant surge in 2019. Solar power began making its imprint in 2016, with modest advancements in subsequent years, gaining noticeable momentum from 2020 onwards. This trajectory underscores a commendable, albeit gradual, commitment to clean energy, reflecting Singapore's potential to build on these foundations towards a reduced reliance on fossil fuels.

Electricity Imports and Exports

Balance of Trade

Data Sources