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GES1002T: Global Economic Dimensions of Singapore Assignment, NUS, Singapore Explain two supply-side factors and one demand-side factor, which have contributed to the recent sharp rise in global
University National University of Singapore (NUS)
Subject GES 1002T: Global Economic Dimensions of Singapore
Posted on: 4th Jul 2023

GES1002T: Global Economic Dimensions of Singapore Assignment, NUS, Singapore Explain two supply-side factors and one demand-side factor, which have contributed to the recent sharp rise in global

  1. Explain two supply-side factors and one demand-side factor, which have contributed to the recent sharp rise in global oil and gas prices and hence the rise in local electricity prices in Singapore.
  2. Analyze one drawback and one benefit to Singapore when global oil and gas prices run high, with the inclusion of supporting data. The drawback covered should not be related to local electricity prices.
  3. State whether the current model of the Open Electricity Market in Singapore is sustainable, and justify your opinion. Also, suggest one reason why the open retail market for electricity in Singapore seems to experience rockier implementation than the open retail market for telecommunication in Singapore.

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