About EMA

The Energy Market Authority (EMA) plays a pivotal role in shaping Singapore’s energy landscape and ensuring a reliable, secure, and sustainable energy future. EMA, as Singapore’s energy market authority, oversees the entire energy sector and facilitates the transition to a dynamic and competitive energy market.

One of EMA’s key achievements is the successful liberalization of the energy market. It introduced the Open Electricity Market (OEM) initiative in 2018, allowing households and businesses to choose their electricity retailer. This initiative has empowered consumers, promoting effective competition and providing them with more control over their energy choices.

EMA also regulates the wholesale electricity market, where electricity is traded every half-hour. This competitive market encourages power generation companies to produce energy efficiently and at competitive prices. The agency’s efforts contribute to Singapore’s commitment to a sustainable energy mix, including a growing focus on renewable energy sources.

In addition to overseeing the energy market, EMA conducts research to drive innovation and efficiency in the sector. The agency collaborates with industry players, the government, and international partners to address the energy trilemma of ensuring affordability, sustainability, and security in the energy supply.

With its forward-looking approach and commitment to excellence, EMA is instrumental in Singapore’s journey towards a more sustainable and dynamic energy future, benefitting both businesses and households alike.

EMA’s Energy Story

The Energy Market Authority (EMA) in Singapore is at the forefront of shaping the nation’s energy story. As the energy market authority, EMA plays a pivotal role in ensuring a secure, reliable, and sustainable energy future for Singapore.

One of EMA’s notable achievements is the successful liberalization of the energy market, which began with the introduction of the Open Electricity Market (OEM) in 2018. This initiative has transformed the way households and businesses buy electricity, promoting effective competition and empowering consumers to choose their electricity retailer.

EMA also oversees the wholesale electricity market, where electricity is traded every half-hour. This competitive market encourages power generation companies to produce energy efficiently and at competitive prices, contributing to a sustainable energy mix that includes a growing focus on renewable energy sources.

In addition to its regulatory role, EMA actively conducts energy research and collaborates with industry stakeholders to drive innovation and efficiency in the energy sector. This commitment to technological advancements and sustainable practices positions Singapore’s energy sector for a dynamic and prosperous future.

EMA’s dedication to ensuring a reliable and secure energy supply, promoting effective competition, and embracing sustainable energy sources underscores its role as a key player in Singapore’s energy landscape. As the nation continues to evolve, EMA remains a driving force in shaping its energy story for generations to come.

Regulations & Licences

In Singapore, the Energy Market Authority (EMA) is responsible for regulating the energy sector, ensuring that it operates efficiently and in the best interest of consumers. EMA’s role in shaping the energy future of Singapore is evident through its regulations and licensing framework.

One of the key aspects of EMA’s regulatory framework is market liberalization. With the introduction of the Open Electricity Market (OEM) in 2018, consumers gained the ability to choose their electricity retailer. EMA ensures that this market remains competitive, allowing retailers to buy electricity in bulk from the wholesale electricity market and compete to sell it to consumers. This promotes effective competition and empowers consumers to select the retailer that suits their preferences.

EMA also oversees licensing for market support services, ensuring that companies operating in the energy sector meet stringent standards. These licenses cover various aspects, including the reliable supply of electricity, reading of electricity meters, and access to the wholesale electricity market.

Facilitating Deployment of Renewable Energy

Singapore is committed to the deployment of renewable energy, and the Energy Market Authority (EMA) plays a pivotal role in facilitating this transition toward a more sustainable energy future. EMA’s efforts are instrumental in addressing the Energy Trilemma, balancing the goals of energy security, affordability, and environmental sustainability.

One of the key initiatives in Singapore’s energy story is the promotion of renewable energy sources. EMA actively encourages the integration of renewable energy into the energy mix. This involves regulatory measures, incentives, and support mechanisms to enable the growth of renewable energy generation, such as solar and wind power.

In recent years, Singapore has witnessed a significant increase in renewable energy adoption, with the EMA introducing policies to facilitate the connection of renewable energy installations to the power grid. These measures not only contribute to a more sustainable energy landscape but also enhance the reliability of the power supply.

EMA’s role in promoting sustainable energy aligns with global energy trends, as nations worldwide work toward reducing their carbon footprint. Singapore’s commitment to renewable energy reflects its forward-thinking approach to addressing the challenges of the evolving energy sector while ensuring a reliable and secure energy supply for its citizens.

Vision, Mission and Values

The Energy Market Authority (EMA) of Singapore is guided by a clear vision, mission, and set of values, which underpin its role in shaping the nation’s energy sector.

Vision: EMA’s vision is to be a leading authority in the energy sector, driving Singapore’s energy future for sustainable growth.

Mission: EMA’s mission is multifaceted. It includes ensuring a reliable and secure energy supply for Singapore, promoting effective competition in the energy market, and developing a dynamic energy sector. EMA also plays a pivotal role in advancing Singapore’s energy story by embracing innovation, sustainability, and resilience in the energy landscape.

Values: EMA’s values encompass integrity, excellence, teamwork, and adaptability. These values reflect the organization’s commitment to upholding the highest standards of ethics, striving for excellence in all endeavors, fostering collaboration among stakeholders, and being agile in responding to the evolving energy sector.

EMA’s vision, mission, and values collectively reinforce its dedication to shaping a sustainable energy future for Singapore, promoting competition, and ensuring a reliable energy supply for households and businesses in the dynamic and ever-changing energy sector.

EMA’s Roles

The Energy Market Authority (EMA) of Singapore plays a pivotal role in shaping the nation’s energy sector to ensure a reliable and secure energy supply for households, businesses, and industries. EMA’s multifaceted roles encompass various key areas:

1. Market Regulation: EMA oversees the wholesale electricity market, ensuring effective competition and market liberalization. It sets regulations that promote fair and transparent energy pricing, benefitting consumers.
2. Grid Management: EMA manages Singapore’s power grid, facilitating power generation, transmission, and distribution. This role is crucial in maintaining a stable energy supply.
3. Renewable Energy Promotion: EMA actively promotes renewable energy sources and their integration into the energy mix, contributing to a sustainable energy future for Singapore.
4. Energy Efficiency: EMA conducts energy research and advocates for energy-efficient practices and technologies to reduce energy demand and costs.
5. Consumer Empowerment: EMA empowers consumers by promoting an open electricity market, allowing them to choose their electricity retailer and encouraging competition that can lead to better prices and services.
6. Innovation and Adaptation: EMA seeks to develop a dynamic energy sector by fostering innovation, exploring international energy landscape trends, and adapting to emerging technologies and market changes.

Liberalisation of Singapore’s Energy Market

The liberalization of Singapore’s energy market, spearheaded by the Energy Market Authority (EMA), has been a pivotal development in the nation’s energy sector. This shift towards a more open and competitive energy landscape reflects Singapore’s commitment to ensuring a reliable, secure, and sustainable energy future.

Market liberalization, which began in 2001 and fully opened the retail electricity market in 2018, has brought about several key benefits:

1. Consumer Choice: Singaporeans now have the freedom to choose their electricity retailer, promoting effective competition. This competition can lead to more competitive electricity prices and innovative service offerings.
2. Increased Efficiency: The open electricity market encourages retailers and power generation companies to be more efficient and responsive to consumer demands. This drives innovation and keeps the market dynamic.
3. Innovation in Renewable Energy: Market liberalization has accelerated the adoption of renewable energy sources, aligning with Singapore’s sustainability goals.
4. Secure Supply: EMA’s oversight ensures that amid market competition, there’s a continued focus on maintaining a reliable and secure energy supply for households and businesses.
5. Empowered Consumers: With access to real-time data, consumers can make informed decisions about their electricity usage, contributing to energy efficiency.