Debated in Parliament on 5 Feb 2024.
Mr Edward Chia Bing Hui asked the Minister for Trade and Industry (a) what is the current level of participation by businesses in the Energy Efficiency Grant programme; (b) how is the Ministry assessing the effectiveness of this grant in terms of its (i) environmental impact and (ii) economic returns; and (c) whether there is potential for the expansion of this programme to encompass a greater number of enterprises seeking to improve their energy efficiency.
Since its introduction in September 2022, Enterprise Singapore has approved nearly 5,000 applications from close to 2,000 companies for the Energy Efficiency Grant (EEG). By switching to more energy-efficient equipment, companies can enjoy long-term savings in their electricity bills. This, in turn, helps alleviate cost pressures and improve profitability.
The EEG is currently available to companies in the food services, food manufacturing and retail sectors. We are reviewing the scheme, in response to industry feedback, that the grant could be beneficial to other sectors as well.
Improving energy efficiency and combating climate change requires a concerted whole-of-nation effort. The Government is committed to supporting our companies on this journey.
PAPERCUTS