Select businesses in Singapore can enjoy one more year of government grants to invest in energy efficiency. David Broadstock of Energy Studies Institute explores if households should be empowered to do the same amid a cost-of-living crisis.
Other habits like switching off computers when not in use, or lights when rooms are vacant will also offer savings.Households purchase energy-consuming equipment, not because they want the equipment, but because they want the “energy service” it provides. For example, we desire hot water for drinking - the heating of the water is the energy service.
My purchase of a kettle is to conveniently access this energy service. The same is true for air-conditioning, for example where households purchase conventional split-unit air-conditioning systems. In this setting each household creates and consumes cold air.Tengah township is developing a centralised cooling system similar to that currently in use in. In Tengah, cold air will be produced in a centralised location and distributed as a “service” that households can choose to subscribe to.
Individual households will no longer need to invest in and maintain their own air-con compressors - although they will still need fan systems to circulate the cold air within their homes. The estimated energy savings from this are as much as 30 per cent. Similar approaches are also beingWhile this year’s Budget does not directly give residents support to defray high energy prices, this does not mean the household sector has been forgotten.
Benefits to households are expected to include more stable and fair electricity pricing at all times. Moreover, the changes enhance national power infrastructure which will be of wider value to the whole economy, producing additional indirect benefits to households. Turning back to the Budget 2023 announcement, Mr Wong noted that at a time when some other countries are increasing their reliance on fossil fuels to increase their near-term energy security, Singapore is investing in harvesting solar energy,Building energy resilience for an uncertain future will come at a costDavid Broadstock is Senior Research Fellow and Head of the Energy Economics Division at Energy Studies Institute, National University of Singapore.
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