Energy Market Company

Forging A Resilient Market

NEMS Real-time Energy Prices and Demand

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CURRENT DATE/TIME
07 Nov 2024

CURRENT PERIOD: 35

LAST UPDATED
Saturday, February 18, 2023 08:30 AM

Asia's First Liberalised Electricity Market

The National Electricity Market of Singapore opened for trading on 1 Jan 2003, placing Singapore at the forefront of a global movement to liberalise the electricity industry.

Learn about Asia's first liberalised energy market

Providing Training and Support

EMC offers training and support to the National Electricity Market of Singapore (NEMS) and other interested parties.

Making Connections

EMC completes the connection between those who make electricity in Singapore and those who use it. Like a stock exchange for electricity, all of Singapore's electricity is bought and sold through us.

Sustainability Goals

Sustainability is at the core of everything we do. From the energy industry that we lead, to the customers that come through our PowerSelect platform, and from the market participants that we support, to the communities that we operate in, sustainability is at the cornerstone of our strategy and decision-making.

Our Sustainability Commitments

News & Announcements

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Latest MSCP determinations

The Market Surveillance and Compliance Panel (MSCP) made two determinations in October 2024.

Visit by EMA and EMSD (HK)

In July, we hosted delegates from the Electrical and Mechanical Services Department (EMSD), HKSAR Government of Hong Kong and the Energy Market Authority (EMA) of Singapore.

Rule Change Updates

Three rule changes were approved by the Energy Market Authority in July.

EMC’s Non-Financial Performance Results for FY2023/2024

We are pleased to share that the EMC team has once again scored exceptional results based on our key performance measures for FY2023/2024.

Demand Side Management Sandbox for January to June 2024

The Demand Side Management (DSM) Sandbox was launched by the Energy Market Authority (EMA) in October 2022 and interested companies can participate in the Sandbox from 1 January 2023 to 31 December 2024.

Market Update for July and August 2024

The monthly average USEP fell 32.6 percent to $123.23/MWh in July, and extended its decline by an additional 14.2 percent to $105.74/MWh in August.

New Entrants to the NEMS in August 2024

Two new facilities were registered in the National Electricity Market of Singapore (NEMS) in August 2024.

Market Information Sharing Forum in July 2024

Our Markets and Operations team hosted the 136th session of the bi-monthly MISF on 18 July.

Revised Catalogues of Data and Monitoring Indices

The Market Rules require the Market Assessment Unit (MAU) to develop catalogues of data and monitoring indices under the supervision and direction of the Market Surveillance and Compliance Panel (MSCP). These catalogues serve as an information requirements system and criteria for evaluation, to enable effective monitoring of the market.

MSCP Market Watch Q2 2024 - latest issue

The MSCP Market Watch is the quarterly publication of the Market Surveillance and Compliance Panel sharing market surveillance observations and market compliance statistics.

Customised Training Programme for Overseas Delegations

In late May, we planned and conducted a two-week industrial training programme for delegates from the Metropolitan Electricity Authority of Thailand. In addition, we collaborated with NTPC School of Business to conduct a half-day training session for delegates from India and Nepal.

Hosting the CIGRE Australia C5 Panel (Electricity Markets and Regulation) Meeting in Singapore

EMC together with PSC Consulting co-hosted the CIGRE Australia C5 Panel (Electricity Markets and Regulation) annual meeting in Singapore.

EMC Learn and Play Together

On 17 May, the entire EMC came together for a team building activity involving plastic straws and masking tapes.

NEMS Charity Outing to River Wonders

30 volunteers from Singapore's power industry took time off from their regular work and participated in the National Electricity Market of Singapore (NEMS) Charity Outing on 21 June.

Market Update for May and June 2024

The monthly average USEP fell 16.5 percent to $240.96/MWh in May after which, it receded further by 24.1 percent to $182.85/MWh in June.

New Entrants to the NEMS in May and June 2024

Three new facilities were registered in the National Electricity Market of Singapore in May and June.

EMC’s Business Continuity Preparedness Exercises and Plans

An overview of the business continuity preparedness (BCP) exercises that EMC conducted for the financial year 2023/2024.

Market Information Sharing Forum in May 2024

Our Markets and Operations team hosted the 135th session of the bi-monthly MISF on 16 May.

Ancillary Services Contracts page is now available

The page provides an overview of the contracted ancillary services and shares insights on the upcoming ancillary services contracts.

NEMS Market Report 2023 now available

The NEMS Market Report provides a comprehensive overview of the market activities and shares insights into the performance of the NEMS over the past year.

MSCP Annual Report 2023 now available

The MSCP Annual Report 2023 assesses competitiveness, efficiency and market rule compliance within the NEMS over the past year.

New MSCP occasional paper published in April 2024

The Market Assessment Unit (MAU) under the direction of the Market Surveillance and Compliance Panel (MSCP) has conducted studies in relation to the efficiency and fairness of the National Electricity Market of Singapore (NEMS). Occasional papers on the subjects covered are published.

NEMS 20th Anniversary Gala Dinner

We celebrated the National Electricity Market of Singapore (NEMS) 20th Anniversary with 200 industry partners at the NEMS 20th Anniversary Gala Dinner, held on Friday, 27 October 2023 at W Singapore, Sentosa Cove.

NEMS 20th Anniversary Commemorative Book

EMC has commissioned a coffee table book to mark the 20th Anniversary of the National Electricity Market of Singapore (NEMS).

PowerSelect, an Online Electricity Procurement Portal

EMC launched PowerSelect in 2018 to help businesses secure the best electricity offers in the shortest possible time.