The forecast for Total Primary Energy Supply (TPES) in Singapore shows a trend of gradual decline from 2024 to 2028. In 2024, the TPES is projected to be 60.0 Tonnes of Oil Equivalent per US Dollar, decreasing to 59.0 in 2025 and 2026, then to 58.0 in 2027 and maintaining this value in 2028. In 2023, the actual value was 61.0 Tonnes of Oil Equivalent per US Dollar.
Year-on-year variations indicate a decrease of 1.67% from 2023 to 2024, 1.67% from 2024 to 2025, no change from 2025 to 2026, and a 1.69% decrease each year from 2026 to 2027 and 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is -1.33%, reflecting a steady downward trend in energy supply efficiency.
Future trends to watch for include advancements in energy efficiency technologies, shifts toward renewable energy sources, and policies aiming to further reduce energy consumption. These factors could potentially alter the current declining trend, leading to a more sustainable energy future for Singapore.
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