Singapore's surge in power prices spike partly due to lower Indonesian gas -regulator

SINGAPORE (Reuters) - A sharp rise in Singapore's spot electricity prices amid a global power crunch has been exacerbated by reduced gas supply from neighbouring Indonesia, the city state's Energy Market Authority said on Friday.

Natural gas prices in Asia and Europe have surged to record highs this month amid tight supply and increased demand for winter which has in turn led to higher power prices in many countries and caused at least two energy providers in Singapore to exit the market.