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Alber

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Alber

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SeedlyTV EP08

Electricity Market

General

Alber
Alber
Level 2. Rookie
Answered 5d ago
From the website of www.emcsg.com, it looks like electricity pricing is priced on half hourly in the wholesale market in Singapore. All generation in SIngapore has to be plugged to the National grid where SP Power assets continue and operate the grid. The electricity supply is the same as before and will be reliable as compared to other regions of the world. Electricity retailers then have to buy electricity from the wholesale market (which the price depend on market forces) In general, your electricity supply remains the same and the prices would be just a financial contract between residential households and the retailer.

SeedlyTV EP08

General

Electricity Market

Alber
Alber
Level 2. Rookie
Answered 5d ago
From the proposed articles on EMA website. The Open Market is rolled out in stages and only recently to residential households. The number of retailers as it seems is to provide: 1. Competition between retailer will drive better prices. 2. More innovation may lead to new products and price plans 3. Traditionally, in many other markets there will be some form of consolidation over time but for now, seems like consumer gets to benefit from such competition.

SeedlyTV EP08

Electricity Market

Alber
Alber
Level 2. Rookie
Answered 6d ago
There are a few types of fees that you would need to know more about. 1. The standard 3rd party charges 2. Transmission Loss 3. non-standard fees A1. The standard 3rd party charges are SP's transmission charges (Peak and offpeak charge), EMC, PSO, meter readings so on and so forth A2. The result of transmission loss due to heat. Standard price plans are compulsory to absorb the transmission loss A3. Non-standard price plans may be subjected to monthly fees, admin fees to name a few so do read the terms and conditions for every retailer.
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