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Charge electricity based on period used, explore ways for consumers to store energy, expert committee recommends

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SINGAPORE — As alternative energy sources like solar becomes more efficient, a committee of experts in Singapore is suggesting exploring ways for companies and consumers to store energy for future usage, or to possibly profit from.

SINGAPORE — To encourage consumers to look more closely at their electricity usage, a committee which has been set up to recommend strategies for Singapore to achieve net-zero carbon emission in its power sector by 2050, has suggested moving away from fixed pricing contracts.

"Such changes in consumption pattern will also help to alleviate system-wide demand peaks and postpone costly system upgrades," said Mr Choi. The committee also crafted three scenarios of Singapore's power sector achieving a net-zero future in the report, which may become reality depending on future trends and transformations.

Increased electrical demand as the country further digitalises and industries adopt decarbonisation pathways that require more energy The advancement speed of low-carbon energy technologies like hydrogen, geothermal and nuclear technologies will depend on research and development , scale of use in large countries and global carbon price

The last scenario sees technology advance rapidly, but countries are fragmented in their action against climate change.

 

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Store energy = Solar

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