SINGAPORE - Energy-intensive commercial and industrial firms here been invited to join a new initiative that rewards companies for reducing their electricity demand on the national power grid.
Companies which consume at least 100 kilowatts of electricity within an hour are eligible for this initiative. In comparison, the monthly energy consumption for a typical four room housing board flat is about 360 kilowatt-hour. Companies on this programme can receive between $2,000 and $3,000 for every megawatt-hour of electricity curtailed by them.
Under the second programme, called the Interruptible Load, companies have to be on standby to reduce some electrical load during periods of tight power generation supply. Reducing their load will help to raise the reliability and stability of the grid.
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