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Energy Market Authority
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Energy Market Authority
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore.
EMA was set up on 1 April 2001 to take over the regulatory functions of the Public Utilities Board, and the operations of the power grid by SP PowerGrid.
It aims to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore.
EMA performs three key roles:
EMA regulates Singapore's electricity, gas and district cooling industries through legislation, policies and frameworks and codes of practice under the Energy Market Authority of Singapore Act 2001.
EMA oversees the general administration of the Electricity, Gas and District Cooling Acts. As a regulator, EMA issues worker licences as well as licences to companies involved in the generation, retail and transmission of electricity, gas and district cooling services.
The liberalisation of Singapore's energy market started in July 2001 companies with electricity demand of 2 megawatts (MW) and above were able to buy electricity from a retailer of their choice. Power generation and retail electricity markets were opened to commercial players to facilitate competition and promote efficiency alongside a wholesale electricity market with spot bidding to manage the risks of volatility in the energy market. Over the years, the threshold for commercial and industrial consumers who were allowed to switch to their preferred retailer was gradually lowered.
The final phase of liberalisation took place in 2018 when households and small business consumers could also buy electricity from a retailer of their choice. Known as the Open Electricity Market initiative, it started with a soft launch in Jurong in April 2018 before it was extended to the rest of Singapore from November 2018 to May 2019.
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Energy Market Authority
The Energy Market Authority (EMA) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore.
EMA was set up on 1 April 2001 to take over the regulatory functions of the Public Utilities Board, and the operations of the power grid by SP PowerGrid.
It aims to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore.
EMA performs three key roles:
EMA regulates Singapore's electricity, gas and district cooling industries through legislation, policies and frameworks and codes of practice under the Energy Market Authority of Singapore Act 2001.
EMA oversees the general administration of the Electricity, Gas and District Cooling Acts. As a regulator, EMA issues worker licences as well as licences to companies involved in the generation, retail and transmission of electricity, gas and district cooling services.
The liberalisation of Singapore's energy market started in July 2001 companies with electricity demand of 2 megawatts (MW) and above were able to buy electricity from a retailer of their choice. Power generation and retail electricity markets were opened to commercial players to facilitate competition and promote efficiency alongside a wholesale electricity market with spot bidding to manage the risks of volatility in the energy market. Over the years, the threshold for commercial and industrial consumers who were allowed to switch to their preferred retailer was gradually lowered.
The final phase of liberalisation took place in 2018 when households and small business consumers could also buy electricity from a retailer of their choice. Known as the Open Electricity Market initiative, it started with a soft launch in Jurong in April 2018 before it was extended to the rest of Singapore from November 2018 to May 2019.