Singapore’s electricity industry is structured to facilitate competitive wholesale and retail markets. This was achieved by separating the ownership of the contestable parts of the industry from those with characteristics of a natural monopoly. To promote the entry of new participants, licenses have also been granted to parties that intend to establish new businesses to participate as electricity generators or retailers. Current market participants are listed below.
Generation Licensees
Generation Licensees generate electricity for injection into the power grid. They offer to generate various quantities of electricity at their associated prices. All offers are then pooled in the wholesale market to match the demand for electricity.
Active generators are: Sembcorp Cogen Pte Ltd, National Environment Agency, Keppel Merlimau Cogen Pte Ltd, Senoko Waste-To-Energy Pte Ltd (in its capacity as Trustee of Senoko Trust),Tuas Power Generation Pte Ltd, Senoko Energy Pte Ltd, Shell Singapore Pte Ltd, Keppel Seghers Tuas Waste-To-Energy Plant Pte Ltd(in its capacity as Trustee of Tuas DBOO Trust), ExxonMobil Asia Pacific Pte Ltd, PacificLight Power Pte Ltd, YTL PowerSeraya Pte Ltd, TP Utilities Pte Ltd, Singapore Refining Company Pte Ltd, TuasOne Pte Ltd, Sembcorp Floating Solar Singapore Pte Ltd, Sembcorp Solar Singapore Pte Ltd and Taser Power Pte Ltd.
Interruptible Loads
Interruptible loads are contestable consumers of electricity that participate in the wholesale market and allow their supply of electricity to be interrupted in the event of a system disturbance in exchange for reserve payments.
Market Support Services Licensee
An MSSL is authorised to provide market support services. Such services include consumer registration and transfer, meter reading and meter data management, retail settlements and billing for contestable consumers. SP Services Ltd is the only MSSL.
Retail Electricity Licensees
Retailers that sell electricity to contestable consumers are licensed by the EMA. Retailers that are registered as market participants purchase electricity directly from the wholesale market.
Active retailers are: Keppel Electric Pte Ltd, Sembcorp Power Pte Ltd, Senoko Energy Supply Pte Ltd, Seraya Energy Pte Ltd, Tuas Power Supply Pte Ltd, Diamond Electric Pte Ltd, PacificLight Energy Pte Ltd, Sunseap Energy Pte Ltd, Union Power Pte Ltd, Just Electric Pte Ltd, Cleantech Solar Singapore Assets Pte Ltd, Bioenergy Pte Ltd, Flo Energy Singapore Pte Ltd and ENGIE South East Asia Pte Ltd.
Transmission Licensee
SP PowerAssets Ltd owns and is responsible for maintaining the transmission system.
Wholesale Market Traders
Companies, other than generators or retailers, that are licensed by the EMA to trade in the wholesale electricity market are wholesale market traders.
The current wholesale market traders are: Green Power Asia Pte Ltd, Singapore LNG Corporation Pte Ltd, JE Green Solutions Pte Ltd, Sunseap Leasing Pte Ltd, LYS Genco Beta Pte Ltd, Singapore District Cooling Pte Ltd, Air Liquide Singapore Private Limited, Public Utilities Board, Terrenus Energy SL2 Pte Ltd, Solarland Alpha Assets Pte Ltd, PSA Corporation Limited, Crystal Clear Environmental Pte Ltd, Terrenus Energy SL1X Pte Ltd, BEWGI-UE NEWater Pte Ltd, HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of AIMS APAC REIT), Sunseap Commercial Assets Pte Ltd, and Terrenus Energy SR3 Pte Ltd.
Applications Under Consideration
MA Energy (SG) Pte Ltd.
Withdrawal By Market Participants
EMC has received a notice under Chapter 2, Section 4.1.1 of the Singapore Electricity Market Rules from the following market participants, stating their intention to cease participation in the wholesale electricity markets.
The registration of the following market participants will expire on the dates stated in the last column of the table below:
Market Participant | Trading Day upon which the MP intends to cease to participate in the wholesale electricity markets | Expiry Date of the registration of the MP |
---|---|---|
Tuas Power Ltd | 26 Oct 2009 | 26 Oct 2009 |
Senoko Power Limited | 31 Mar 2010 | 31 Mar 2010 |
Keppel Seghers Tuas Waste-to-Energy Plant Pte Ltd | 23 Jul 2010 | 23 Jul 2010 |
Schering-Plough Ltd | 30 Mar 2011 | 02 Apr 2011 |
IUT Singapore Pte Ltd | 11 May 2011 | 11 May 2011 |
PowerSeraya Ltd | 22 May 2012 | 22 May 2012 |
ISK Singapore Pte Ltd | 19 Nov 2013 | 11 Dec 2013 |
KiWi Power Singapore Pte Ltd | 11 May 2016 | 11 May 2016 |
Tong Teik Pte Ltd | 18 May 2016 | 18 May 2016 |
Air Products Pte Ltd | 23 Dec 2016 | 23 Dec 2016 |
ECO Special Waste Management Pte Ltd | 07 Dec 2017 | 07 Dec 2017 |
GreenSync Holdings Pte Ltd | 27 Apr 2018 | 27 Apr 2018 |
Banyan Utilities Pte Ltd | 22 May 2018 | 22 May 2018 |
Energy Supply Solutions Pte Ltd | 14 Jun 2018 | 14 Jun 2018 |
SmartCity Energy Pte Ltd | 30 Jun 2018 | 30 Jun 2018 |
Glaxo Wellcome Manufacturing Pte Ltd - GlaxoSmithKline Biologicals | 01 Jul 2018 | 01 Jul 2018 |
Nanyang Technological University | 01 Jul 2018 | 01 Jul 2018 |
Pfizer Asia Pacific Pte Ltd | 01 Jul 2018 | 01 Jul 2018 |
Diamond Energy Managers Pte Ltd | 31 Dec 2018 | 31 Dec 2018 |
Charis Electric Pte Ltd | 31 Dec 2018 | 31 Dec 2018 |
SingNet Pte Ltd | 31 Dec 2018 | 31 Dec 2018 |
Peerer Energy Pte Ltd | 10 Jul 2019 | 10 Jul 2019 |
Environmental Solutions (Asia) Pte Ltd | 25 Nov 2019 | 25 Nov 2019 |
Red Dot Power Pte Ltd | 02 Dec 2020 | 02 Dec 2020 |
Changi Mega Solar Pte Ltd | 24 Dec 2020 | 24 Dec 2020 |
Sun Electric Power Pte Ltd | 31 Dec 2020 | 31 Dec 2020 |
MyElectricity Pte Ltd | 15 Sep 2021 | 15 Sep 2021 |
I Switch Pte Ltd | 21 Dec 2021 | 21 Dec 2021 |
UGS Energy Pte Ltd | 31 Dec 2021 | 31 Dec 2021 |
Hyflux Energy Pte Ltd | 30 Mar 2022 | 26 Apr 2022 |
Tuaspring Pte Ltd | 31 May 2022 | 21 Jun 2022 |
Terrenus Energy Pte Ltd | 04 Nov 2022 | 04 Nov 2022 |
Ohm Energy Pte Ltd | 30 Nov 2022 | 30 Nov 2022 |
Enel X Singapore Pte Ltd | 15 May 2023 | 15 May 2023 |
Sunseap Energy Ventures Pte Ltd | 30 Jun 2023 | 30 Jun 2023 |
Best Electricity Supply Pte Ltd | 30 Jun 2023 | 30 Jun 2023 |
GreenCity Energy Pte Ltd | 30 Jun 2023 | 30 Jun 2023 |
Sunseap VPower Pte Ltd | 17 Nov 2023 | 17 Nov 2023 |
MSD International GmbH (Singapore Branch) | 26 Dec 2023 | 26 Dec 2023 |
Sunseap Leasing Beta Pte Ltd | 29 Feb 2024 | 29 Feb 2024 |