EMA extends energy security measures until March 2023

These include the Temporary Electricity Contracting Support Scheme.

The Energy Market Authority (EMA) will be extending its Temporary Electricity Contracting Support Scheme (TRECS) and several other energy security measures until the end of March 2023 as the global market continues to face volatilities.

In an announcement, EMA said power generation companies (gencos) can sign up for the July 2022 contracting window 2 starting 17 June.

Apart from TRECS, the authority also listed other energy security measures that will still be in place until next year, and amongst these is the Standby LNG facility (SLF) where gencos can "draw from to generate electricity when their natural gas supplies are disrupted."

Gencos will also have to follow the directives such as maintaining sufficient fuel for power generation, based on their available generation capacity for power generation; and generating electricity using the gas from the SLF pre-emptively.

"If there are potential shortages in energy supply in the Singapore Wholesale Electricity Market (SWEM), to maintain power system security and reliability," EMA said.

According to EMA, the abovementioned measures have stabilised the Uniform Singapore Energy Price (USEP) to an average of $350/MWh for the first five months in 2022. 

On the side of customers, EMA said the government will continue to support them through the Household Support Package which was introduced in the 2022 budget.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization
The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance net-zero ambitions in the Lion City’s maritime sector.


Where to invest your millions in real estate
Amongst locations, realtors suggest the Core Central Region.   Individuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.   George Tan, managing director of Savills Digital Residential Marketing, said one of these factors is location.    Tan said buyers should consider areas which are highly demanded and well located—easy access to prestigious or international schools, MRT, malls and food and beverage (F&B) establishments. All these will contribute to good rental demand.   PropNex realtor, Andy Lim, echoed this, adding that buyers should particularly invest in properties within one kilometre of the prestigious schools.