Speaking on March 4th 2021 at the Committee of Supply 2021, second Minister for Trade and Industry Tan See Leng said that "over the medium to long run, electricity prices…
Do Electricity Prices depend on Supply and Demand?
The Energy Market Company (EMC) determines the Singaporean wholesale electricity price based on supply and demand. It uses a sophisticated model which takes into account the physical characteristics of the…
The Success of Full Retail Competition – Revisited
On 15 October 2019, the Singaporean Energy Market Authority (EMA) reported on The Success of Full Retail Competition for electricity. About 40% of residential consumers have switched to a new…
The Success of Full Retail Competition
Form April 2018, 108,000 household accounts and 9,500 businesses in Jurong Singapore have the option to buy electricity from a retailer of their choice, or continue buying electricity from SP…