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Forging A Resilient Market

NEMS Real-time Energy Prices and Demand

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CURRENT DATE/TIME
24 Sep 2023

CURRENT PERIOD: 35

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

Celebrating 20 Years of the NEMS

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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Singapore Electricity Roundtable 2023: Forging a Resilient Energy Market

The 13th Singapore Electricity Roundtable was held on 25 July at The Fullerton Hotel. This year, we welcomed close to 200 participants from Singapore and the region.

Visit from Single Buyer, Malaysia

On 6 July, we were honoured to host Ir. Zainudin Md Yusof, CEO of Single Buyer, and his colleagues at our office during their trip to Singapore to learn about our experience in deregulating our electricity sector.

EMC’s Non-Financial Performance Results for FY2022/2023

We are pleased to share that the EMC team has once again scored exceptional results based on our key performance measures for FY2022/2023.

Market Update for July and August 2023

The monthly average USEP plummeted 45.1 percent to $167.49/MWh in July. In August, the downward trend continued, the USEP declined another 5.2 percent to $158.82/MWh.

New Entrants to the NEMS in July 2023

One new facility was registered in the National Electricity Market of Singapore (NEMS) in July.

Market Information Sharing Forum in July 2023

Our Markets and Operations team hosted the 130th session of the bi-monthly MISF on 13 July.

Forging a Resilient Energy Market in Singapore

While Singapore presses on with its target of net-zero carbon emissions by 2050, its energy market has to reckon with several vulnerabilities. One is its heavy reliance on natural gas.

Inertia, Capacity Mechanism, 5-Minute Dispatch: 3 Things for Singapore’s Energy Market to Consider

About 95 per cent of Singapore’s electricity is generated from natural gas, a fossil fuel. The gas is burnt to produce steam, which spins turbines to produce electricity in power plants.

MSCP Market Watch Q2 2023 - 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.

Lessons from Abroad: How Britain and Australia are Decarbonising their Electricity Grids

Decarbonisation is a major global challenge, and regulators worldwide must think of how to design an electricity market that can transition to renewable energy while keeping the power supply stable and affordable.

Unique Challenges Ahead for Singapore when it comes to Renewable Energy

When it comes to tackling decarbonisation, Singapore cannot simply import lessons from other countries. Rather, it needs to develop its own real-world experience in managing novel renewable energy sources such as hydrogen, even if such experience comes at a high cost.

Powering the Energy Transition with Solar, Imports and Hydrogen

Singapore is one of the most solar-dense cities in the world. Most people barely notice them, but solar panels can be found on rooftops all over the island.

Reconnecting the Industry

We are pleased to host market participants (MPs) at our first physical National Electricity of Singapore (NEMS) Update and Engagement Event in three years on 28 June.

PowerSelect, an Online Electricity Procurement Portal

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