The Singapore electricity retail market is being liberalised to facilitate competition and to allow consumers to buy electricity from retailers of their choice. Companies that operate in the competitive parts of the industry have been separated from those that operate the natural monopolies at the ownership level. To further enhance competition and market efficiency, a new electricity market has been developed to replace the existing Singapore Electricity Pool which has facilitated wholesale trading of electricity since April 1998.
The document entitled "Introduction to the Singapore New Electricity Market" gives an overview of the Singapore wholesale and retail electricity markets. It provides a brief description of the new market structure and trading arrangements. An additional document entitled "Frequently Asked Questions about the Singapore New Electricity Market" is also included for Generators, Market Participant Retailers and Potential Investors on the New Electricity Market in Singapore. It presents answers to a number of key frequently asked questions which would be expected from these parties and to make them aware of important aspects of the New Electricity Market that relates to them.
