The electricity generation capacity of Singapore amounted to about 13.6 thousand megawatts in the first quarter of 2019. To further improve its electricity generation, the government has decided to slowly liberalize the energy market for residential and commercial use since 2018. The variety of providers was intended to help households and companies to take a closer look at their consumption and to be able to manage it better. As of 2020, there are 12 residential retailers and 21 business retailers.
In addressing climate change, Singapore will be directing efforts at harnessing energy from solar, natural gas, regional power grids and low-carbon alternatives. Solar energy is one of Singapore's most promising renewable energy sources. By 2030, the city-state aims to achieve at least 2 gigawatt-peak (GWp) of solar energy—enough to power around 350,000 households for a year.
Energy efficiency also remains a top priority to ensure the sustainable use of energy. For households, advanced electricity meters will be installed island-wide by 2024. These meters enable households to monitor their electricity usage via the Singapore Power Utilities mobile app. In 2018, an Industry Energy Efficiency Package was set up to provide funding support for companies to adopt more energy efficient technologies and reduce their carbon footprint.
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In the following 5 chapters, you will quickly find the 22 most important statistics relating to "Energy sector in Singapore".