Senoko Power favours further opening up of electricity market

Allowing households and smaller businesses to choose their electricity supplier will be a key step in the liberalisation of the energy sector, according to Senoko Power. Senoko's parent company, Temasek Holdings is expected to make a decision about the sale of the three power companies it owns - Senoko Power, PowerSeraya and Tuas Power - by the end of the year. The 3 power companies produce nearly 90% of Singapore's electricity. And their sale has been on the agenda since 1999 as part of the effort to liberalise Singapore's electricity market.

For now, the gencos can only sell direct to industrial and commercial customers, or about 75% of Singapore's electricity marketplace. Singapore Power is the only electricity distributor to some one million households here. The Energy Market Authority is expected to decide by year-end on opening up the electricity market to more suppliers.

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