Thursday August 17, 2006

Energy authority mulling over market for electricity futures

business-times.asia1.com.sg :

The Energy Market Authority (EMA) is looking into the possibility of starting a market for electricity futures, as revealed in a recently released "Statement of Opportunities for the Electricity Industry in Singapore". Industry sources said a futures market may take a few years to take off, seeing that electricity futures markets in other countries are generally not very liquid.

At present, only about 70% of the marketplace here is contestable. 'We would like to see full retail contestability first,' the source said, referring to retailers here being able to supply all customers, including smaller businesses and households. EMA indicated in its report that it would decide on full contestability this year.

See also :

1. Diamond Energy enters Singapore wholesale electricity market
2. Singapore electricity tariff to go up next quarter
3. Singapore electricity rates up (yet again) from Jan 1

(2006-08-17 06:41:15 SGT) [Energy] Permalink

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