Singapore’s energy regulator said on Saturday that it is working closely with retailers facing challenges from current volatile electricity prices and said there will be no disruption to their customers’ electricity supply. Singapore’s wholesale electricity market prices, which are determined every half-hour depending on demand and supply conditions, have been hit by higher price volatility for sustained periods over the past two weeks, the Energy Market Authority (EMA) said. Several factors were behind the volatility, the regulator said in a statement, including a spike in liquefied natural gas (LNG) prices globally, higher than usual electricity demand in the city-state, curtailment of piped natural gas from West Natuna and ‘low landing pressure of gas’ supplied from South Sumatra. “Electricity retailers who have under-hedged their positions may be exposed to the […]