The Market Surveillance and Compliance Panel
The Market Surveillance and Compliance Panel (MSCP) is an independent body established under the Singapore Electricity Market Rules (Market Rules) that governs the Singapore Wholesale Electricity Market (SWEM). The functions and duties assigned to the MSCP are namely market monitoring, surveillance, and investigation of potential market breaches as well as the enforcement of the market manuals, the System Operation Manual (SOM), and the Singapore Electricity Market Rules in the SWEM.When appropriate, the MSCP may exercise the enforcement powers conferred to it under the Market Rules and recommend remedial actions to mitigate market participants’ misconduct and market inefficiencies. This includes but is not limited to, the imposition of financial penalties and the issuance of non-compliance letters, suspension orders, termination orders, and orders of revocation of facilities.