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What is Uniform Singapore Energy Price (USEP) and how is it determined? Does EMA regulate the USEP?
The Uniform Singapore Energy Price (USEP) refers to the half-hourly energy price in the Singapore Wholesale Electricity Market (SWEM). EMA does not regulate the USEP, as it is based on the half-hourly market clearing price which reflects the prevailing demand and supply conditions. Electricity demand and supply, in turn, are affected by various factors.