2023: A Year of Milestones and Celebrations

As we enter 2024, we want to take a moment to express our heartfelt appreciation to our staff and industry partners for their invaluable commitment to the company and unwavering support towards EMC and the 20th anniversary celebrations of the National Electricity Market of Singapore (NEMS).

Everyone’s participation at our anniversary activities, such as the NEMS Gala Dinner and the Industry Tree Planting event, along with the continuous collaboration and feedback, have been instrumental in the success of the celebrations. 

Together, we have achieved remarkable milestones over the last two decades, forged lasting relationships and built successful energy markets.

At EMC we are also proud to launch our new corporate website in June, providing users with easier navigation, improved layout and engaging content. 

Thank you once again for your exceptional support and we look forward to continuing our engagements in the coming year.

“2023 was a definitive year for EMC as we celebrated 20 years of successful operations of the NEMS Being the lucky few to witness EMC’s 10th and 20th milestones, I saw how the Markets and Operations team has continuously evolved to stay ahead of the ever-developing market reforms. The enthusiastic industry participation in the 20th anniversary celebrations also highlights the strong partnership we have with the NEMS family and we look forward to furthering this in the years ahead” – Johanna Toh, Principal Market Analyst, Market Operations

“As I reflect upon 2023, the phrase ‘organised chaos’ comes to mind. It refers to the regulatory frameworks and guidelines introduced to manage the uncertainties and fluctuations experienced in the market. The team is delighted to work with colleagues from various departments to implement these regulatory measures successfully despite the tight timelines.” – Li Zhenhui, Chief Economist, Market Administration

“One word that comes to mind that encapsulates 2023 is ‘celebrate’. Besides the NEMS 20th anniversary celebrations, we also celebrated the finalisation of the revenue regime for the next 5 years after many months of intense discussions with the regulator.” – Anne Goh, Vice President, Finance