We had the pleasure of hosting Mr. Puah Kok Keong, Chief Executive of the Energy Market Authority on 27 May, for an engaging and insightful session in our second edition of The Signature Series.

In his opening remarks, Mr. Puah shared Singapore’s multi-faceted approach to navigating the energy transition and striving towards a low-carbon future, addressing:

✅ Energy Affordability – While electricity prices in Singapore are among the highest in Southeast Asia, strong regulatory frameworks and market competition help keep costs in check.
✅ Environmental Impact – With over 95% of electricity generated from natural gas and less than 2% from coal, Singapore already has a relatively clean energy mix. Efforts are ongoing to further reduce emissions.
✅ Energy Reliability & Security – Thanks to robust infrastructure and strategic reserves (minimum 60 days of gas supply), Singapore maintains one of the most reliable and secure energy systems in the region.
✅ Net-Zero by 2050 – With land and resource constraints, Singapore’s strategy focuses on solar energy, low-carbon imports, and emerging technologies such as geothermal and hydrogen.
✅ Energy Transition Costs – Recognizing the scale of transformation needed, Singapore established the Future Energy Fund and has committed $10 billion to support decarbonization efforts.

Following the keynote, a lively dialogue session moderated by Ms. Dawn Tan, Chairwoman of SICC, covered a range of strategic topics:

🌐 ASEAN Power Grid – Despite challenges in cost and coordination, momentum is building to realize a regional grid that strengthens energy security and sustainability.
⚡ Alternative Energy Sources – While tidal and wave power face limitations in Singapore, nuclear energy—particularly small modular reactors—is under careful consideration.
🤝 International Cooperation – Singapore is actively engaging regional partners for renewable energy imports, with potential imports beginning as early as 2029.

Mr. Puah also stressed that the responsibility of managing energy costs and transitioning to a more sustainable future is shared by commercial, industrial and household sectors. Everyone can play their part and contribute by adopting energy-efficient practices and reducing consumption. A big thank you to Mr. Puah for his valuable insights and to all participants for contributing to a meaningful conversation.

📅 Do stay tune for the next Signature Series on 15 August 2025 with Mr. Lew Chuen Hong, Chief Executive of IMDA!