Something weird about last night's power outage.
https://www.emcsg.com/marketdata/priceinformation
Usually the USEP price is in the $100+ range in recent months. Since last night, it spiked to $1000-1200 level and now still at $300-500 level.
We were told that excess capacity in Singapore is about 40%, so the prolonged spike in USEP hinted that one or more power generators are down.