Asked by Anonymous
Asked 1w ago
How does the electricity market work in Singapore?
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.