Powering energy efficiency in our businesses
The Energy Conservation Act will be amended to help businesses conserve energy and enjoy life cycle cost savings.
08 Mar 2017
Singapore will amend its Energy Conservation Act (ECA) as part of its environmental sustainability efforts, said Mr Masagos Zulkifli, Minister for the Environment and Water Resources at the Committee of Supply 2017 Debate.
The ECA will be amended to introduce new initiatives to help businesses adopt more efficient equipment, conserve energy and enjoy life cycle cost savings.
ECA-registered companies will now be required to implement structured energy management systems and conduct regular energy efficiency opportunity assessments.
Businesses expanding their facilities will also need to factor energy efficiency in their design plans up front. They will also be required to measure and report energy usage for key energy-consuming systems.
Minimum Energy Performance Standards will be also be introduced, first for motors, and progressively for other systems and equipment. This is to ensure a standard of efficiency for common industrial equipment.
The Government will also require larger industrial greenhouse gas emitters to improve the quality of measurement and reporting processes for their greenhouse gas emissions. This will help businesses to better understand and manage their emissions. The Ministry of Environment and Water Resources (MEWR) will work closely with the Ministry of Trade and Industry (MTI) and the National Climate Change Secretariat (NCSS) to consult affected businesses on how best to achieve this,
Current incentive schemes will also be improved. A new Energy Efficiency Fund (E2F) will consolidate all existing energy efficiency incentive schemes into a single fund. The E2F will be redesigned to better support companies in their energy efficiency journey. The Government will also provide help to SMEs who are investing in energy efficient technologies by co-funding up to 30% of their investments.