As An Energy Brokerage, Here Is Everything You Need to Know About Energy Deregulation In Singapore Within The Commercial Market.
Singapore began a huge step to deregulate its electricity market since 2003, with the creation of the National Electricity Market of Singapore (NEMS) allowing for bid-ask offers to be made for the dispatch of electricity supply on the wholesale side. Subsequently, the retail market liberalised in tranches, with 80% of electricity consumers currently already given an option to select their electricity retailers since late 2014.
Indeed, Singapore is divided into four geographical zones: Zone 1, Zone 2, Zone 3, and Zone 4. Each zone comprises several postal districts, and energy consumers are assigned to a specific zone based on their postal code. The purpose of zoning is to allow retailers to offer customized pricing plans and services to consumers within each zone, taking into account factors such as transmission losses and network costs.
This guide will break everything down. So, let’s get started.
What are the zones?
Zone 1:
Covers postcodes starting with 58 —78.
Zone 2:
Covers postcodes starting with 53 —57, 79, 80, 82, 83.
Zone 3:
Covers postcodes starting with 34 — 52, 81.
Zone 4:
Covers postcodes starting with 01 —33.
Within these zones there are many regions, which is something we will dive deeper into.