Please submit all written feedback via email to ema_mdsd@ema.gov.sg. All feedback should reach EMA by 5pm on 10 Jul 2018 in the format as shown in Appendix 2 of the consultation document. You are requested to include a soft-copy of your comments in both PDF and Microsoft Word format.
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Decision
Following the launch of the public consultation, there were no objections to EMA's proposed modifications to the Contestable Consumer Load Forecast Methodology. EMA has decided to modify the VC Procedures with effect from hedge quarter Q4 2018.
Update
The consultation has closed for comments.
Consultation
EMA’s Procedures for Calculating the Components of the Vesting Contracts (“VC Procedures”) sets out the methodology to forecast the electricity consumption for calculating the VC Quantities for each hedge quarter, as well as the corresponding contestable consumer (“CC”) load proportion.
With the use of the Static Residential Load Profile (“SRLP”) for estimating the half-hour consumption of residential CCs, SP Services Ltd as the Market Support Services Licensee (“MSSL”) will require 75 calendar days to finalise the CC load data for a given billing month. As such, the complete CC load data for estimating the CC load proportion for the upcoming hedge quarter will not be available to continue using the Current Methodology. Furthermore, in view of the Open Electricity market (“OEM”) full launch from 2H 2018 and the highly unpredictable switch rate in the current market environment, the Current Methodology is expected to under-estimate the CC load proportion for the upcoming hedge quarter. Hence, EMA intends to enhance the methodology by using the CC load proportion for the most recent hedge quarter.
EMA would like to invite written comments and feedback on the proposed modifications in Appendix 1 of the consultation document.
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