FLJP - Call For Market Reforms Sparks As Commodity Price Hike Raises Power Prices To New Highs

• Australia, Japan, and Singapore are the few markets within Asia Pacific that have achieved full liberalization of their power markets.
• Singapore, with the highest share of thermal capacity within its power mix, has been hit the hardest, followed by Australia where thermal generation maintains a majority share.
• Government measures announced in the three markets range from ensuring security of fuel and supply and protecting businesses through short-term fixed price contracts to launching a full independent investigation to holistically reevaluate the power sector.

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