Latest news with #CityEnergy
Business Times
16 hours ago
- Business
- Business Times
Keppel Infrastructure Trust H1 DPU up 1% at S$0.0197
[SINGAPORE] Keppel Infrastructure Trust (KIT) on Tuesday (Jul 29) posted a distribution per unit of S$0.0197 for its first half ended Jun 30, a 1 per cent increase from S$0.0195 in the year-ago period. The distribution will be paid on Aug 13, after the record date of Aug 6. Distributable income for the six months stood at S$119.4 million, up 31.2 per cent from S$91 million in H1 2024. This increase was driven by City Energy, Ixom, new acquisitions and KIT's divestment of its 50 per cent stake in Philippine Coastal Storage and Pipeline Corporation which was completed on Mar 20, 2025. For the half-year, the business trust swung back into the black with a net profit of around S$60 million, compared with a net loss of S$23.9 million in the prior corresponding period. Revenue rose 11.5 per cent to S$1.1 billion from S$1 billion in the year-ago period. The increase was mainly attributable to contributions from transport service provider and bus operator Ventura, which was acquired in June 2024, alongside higher revenue from City Energy and the Senoko waste-to-energy plant, KIT's trustee-manager said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up However, it was partially offset by lower landfill revenue and waste volume from One Eco Group and lower distribution income from Aramco Gas Pipelines Company. Its three segments of energy transition, environmental services, as well as distribution and storage, posted revenue growth on the year. KIT's assets under management was around S$8.7 billion as at Jun 30, 2025. By segment, 62 per cent of its portfolio comprised businesses and assets in energy transition, with 28 per cent in the distribution and storage, and 10 per cent in the environmental services. The trustee-manager said that, in H1 2025, it made strategic divestments to pave the way for more accretive acquisitions that would enable KIT to create value and strengthen its cash flow resilience. The trust announced the proposed acquisition of subsea cable service provider Global Marine Group in April, as well as the partial divestment of Ventura for A$130 million (S$109.1 million) in June. On Feb 28, the business trust also completed the fifth and final phase of its acquisition of the solar portfolio of German greentech company Enpal, which it committed to acquiring in 2023. Units of KIT ended Tuesday 1.1 per cent or S$0.005 lower at S$0.44, after the announcement.
Straits Times
17-07-2025
- Automotive
- Straits Times
City Energy launches first-in-Singapore app-free EV charging
Find out what's new on ST website and app. EV charging station by City Energy Go which launched on 17 July 2025 a first in Singapore app-free EV charging network. SINGAPORE - Energy supplier City Energy has launched a first-in-Singapore charging network, letting drivers juice their electric vehicles without the hassle of logging into an app or the need for reliable mobile reception. Developed in-house based on an open standard called AutoCharge, its app-free charging system is currently available at five locations: Pullman Singapore Hill Street, Klimt Cairnhill, Komo Shoppes, North Gaia and North Park Residences. 'Our aim has always been simple - to make EV charging feel as natural and convenient as charging your phone,' said Mr Perry Ong, chief executive of City Energy. City Energy intends to double the size of its EV charging network, called City Energy Go, in Singapore to 248 by 2028. One fifth of these charging points will be AutoCharge-enabled by 2028. In Malaysia, it has partnered JomCharge, a network owned by EV Connection, to allow EV drivers here registered on AutoCharge to charge their cars in similar ways to how they do so in Singapore. There are over 200 AutoCharge-enabled JomCharge EV charging points in major Malaysian destinations such as Johor, Kuala Lumpur, Penang, Malacca, and Sarawak. The launch of AutoCharge, which is also widely used in the United States and Europe, is part of City Energy's $100 million investment to install more charging points in private residential and commercial sites by end 2030. Top stories Swipe. Select. Stay informed. Singapore Fatal abuse of Myanmar maid in Bishan: Traffic Police officer sentenced to 10 years' jail Singapore Man charged over manufacturing DIY Kpods at Yishun home; first such case in Singapore Singapore HSA launches anti-vaping checks near 5 institutes of higher learning Life 11 new entries on Singapore's Bib Gourmand list, including three re-entries at Old Airport Road Singapore Care model to improve trauma outcome in central S'pore fashioned after 'bicycle wheel' Singapore 15 under police probe for sharing Singpass credentials used in scams Singapore NEA monitoring E. coli at Sentosa beaches after elevated bacteria levels delay World Aquatics events Singapore Kpod vapes, zombie kids: Why it's time to raise the alarm AutoCharge aims to solve an ongoing problem of EV drivers dealing with multiple apps for charging at stations operated by different firms, and poor mobile data connectivity in underground carparks. Loading a charging app can be difficult without reliable connection. Unlike drivers of internal combustion engine (ICE) vehicles, EV drivers must login to an EV charging operator's app and scan a QR code on the charging station to initiate the charging process. Fees are billed to the customer's card registered in the app. Because every EV charging network has its own dedicated app to manage such transactions, drivers often end up with multiple apps. 'With AutoCharge, EV drivers only need to register their vehicle once on our app. After that, they can simply plug in and power up without touching their phones – no apps, no QR codes, no hassle,' said Mr Ong. Existing Go customers may request a VIN (vehicle identification number) from City Energy which is needed for a first-time registration in the app. After the first-time registration, users simply plug the DC connector into their vehicle to charge and pull the connector out to stop charging. Any family member can charge the vehicle as the process does not require an app. Drivers will be informed when their car is fully charged through push notifications from the City Energy Go app. EV brands compatible with AutoCharge include BYD, Tesla, AION, MG, and Chery vehicles. Go by City Energy is working with more carmakers to expand AutoCharge compatibility. Currently, AutoCharge is only available on DC (direct current) fast chargers.
Business Times
17-07-2025
- Automotive
- Business Times
City Energy launches app-free electric vehicle charging across Singapore, Malaysia
[SINGAPORE] City Energy's electric vehicle (EV) charging arm, Go by City Energy, on Wednesday (Jul 16) introduced the first app-free EV charging experience in Singapore. The new 'AutoCharge' system will enable EV drivers to plug in and charge their vehicles, with no QR codes or logins required apart from a one-time set-up on the Go by City Energy app, or City Energy Go. This move will bring drivers a new level of convenience, and allow green mobility to be more accessible across Singapore and Malaysia. It is part of City Energy's, a wholly owned subsidiary of Keppel Infrastructure Trust, commitment to support Singapore's green future, where it will have invested more than S$100 million to build ubiquitous EV charge points in private residential and commercial sites by end-2030. This experience is now available across more than 200 charge points in Singapore and Malaysia, through a collaboration with JomCharge – a network operated by one of Malaysia's EV charging providers EV Connection. 'The idea is for EV drivers, with the exception of the one-time registration of their vehicle on our app, to plug in and power up without touching their phones – no apps, no QR codes, no hassle,' said Perry Ong, chief executive of City Energy. 'EV charging with Go by City Energy could now be the most intuitive and appealing experience for EV drivers.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The EV car brands which are compatible with AutoCharge currently are Aion, BYD, Chery, MG and Tesla. On Wednesday, City Energy said it is 'actively working' with other carmakers to expand compatibility of the feature across a growing number of EV brands. Go by City Energy will offer the AutoCharge feature at five locations: Pullman Singapore Hill Street, Klimt Cairnhill, Komo Shoppes, North Gaia and North Park Residences. At present, plans are in place to roll out the feature progressively to customers islandwide.
Yahoo
01-07-2025
- Business
- Yahoo
YAHOO POLL: Are you happy with the new utility rates?
Singapore households are getting a small break on their power bills this quarter, with utility rates dropping from July to September 2025. SP Group announced a 2.3 per cent cut in electricity tariffs, while City Energy trimmed town gas prices by 0.44 cent per kWh. The average four-room HDB household will save about $2.36 a month on electricity alone. The new rate stands at 27.47 cents per kWh before GST. Gas prices now sit at 22.28 cents per kWh. Other polls YAHOO POLL: Do you usually drink water when you're thirsty? YAHOO POLL: Is air-conditioning a necessity in Singapore? YAHOO POLL: Do you feel guilty taking an MC, even when you're sick? The cuts are driven by lower global fuel costs, which have eased after months of volatility. Both SP Group and City Energy review tariffs quarterly under EMA guidelines. Still, the savings may feel underwhelming for families grappling with inflation and rising living costs. Some are asking: is this a meaningful reprieve or just a token gesture? What do you think, are these cuts enough to make a difference? Have your say and take the poll. Related Singapore electricity, gas prices to decrease from July to Sept due to lower energy and fuel costs Compare 7 best electricity price plans: Open Electricity market Utilities Singapore: SP Services hotline and 3 steps to set up your SP utilities services How to save money on your electrical bills & avoid other hidden fees Ways to save on electricity cost now that energy prices are rising Top 5 customer queries on switching to an electricity retailer
International Business Times
30-06-2025
- Business
- International Business Times
Singapore Electricity and Gas Tariffs for Households Set to Drop in Q3
Due to decreased energy costs, household gas and electricity rates will drop from July to September after it remained unchanged in the previous quarter. National grid operator SP Group said on Monday, June 30, that the electricity tariff will decrease by 2.3 per cent or 0.65 cent per kWh before Goods and Services Tax (GST), compared with the previous quarter. The average monthly electricity bill for families residing in Housing and Development Board (HDB) four-room apartments will decrease by S$2.36 before GST, given the electricity tariff prior to GST of 27.47 cents per kWh. Due to lower fuel costs, City Energy said the gas tariff before GST will also drop by 0.44 cents per kWh in the next quarter, from 22.72 cents per kWh to 22.28 cents per kWh. Every quarter, SP Group, the company that owns and runs Singapore's electrical grid, reviews the rates in accordance with standards established by the Energy Market Authority (EMA), which oversees the sector. SP Group said, "The energy cost component of the electricity tariffs for each quarter is set using the average natural gas prices in the first two and a half months in the preceding quarter." "The electricity tariffs may fluctuate quarter to quarter due to volatile global fuel prices driven by geopolitical factors such as the ongoing conflicts in the Middle East," the grid operator added. Energy costs paid to power generation companies and network costs paid to SP Group to recoup the cost of moving electricity through the power grid are two of the four components that make up the electricity tariff. Additionally, SP Group is paid a market support services fee to recover the costs of billing and meter reading, and the energy market company is paid a fee to recover the costs of running the power system and wholesale electricity market. In accordance with EMA's guidelines, City Energy also examines the gas tariffs on a quarterly basis.
