With a power score of 1.98, Singapore ranks number 55 among Emerging markets and number 19 in the Asia-Pacific region.
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Singapore has a power score of 1.98, which puts it at rank 55 in the Emerging Markets power ranking. The power score of Singapore is lower than the average of 2.17 in the Asia-Pacific region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Singapore implements policies in 4/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), and REC'S - Renewable Energy Certificates
The average electricity price in Singapore has decreased from ~$238/MWh in 2023 to ~$207/MWh in 2024. Since 2019, the average electricity price in Singapore has fluctuated between ~$135/MWh in 2020 and ~$238/MWh in 2023.
The top amount of capacity installed in Singapore in 2024 was in Natural gas at 10.89GW, up from 10.69GW in 2023.
The technology with the largest share of electricity generated in Singapore in 2024 was Natural gas at 54.58TWh, up from 53.26TWh in 2023.
Investment in clean energy in Singapore was around $893.60M in 2024. This amounts to an increase of around 69% from $528.08M in 2023.
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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