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Photo courtesy of Riccardo Annandale.

Energy Market Authority launches two-year study for optimising energy consumption

Companies will be paid based on reduction on prices or energy demand.

Singapore’s Energy Market Authority (EMA) is launching the Demand Side Management (DSM), a two-year regulatory sandbox aimed at studying how to optimise energy consumption.

The initiative will involve two programmes. The first programme, Demand Response (DR) Programme, will involve having participating companies reduce their electricity consumption during periods of high wholesale electricity prices. Incentive payments will be given to the companies based on the total system savings arising from any reduction in wholesale electricity prices due to their energy demand reduction.

The second programme, the  Interruptible Load (IL) Programme, will see participating companies paid to be on standby to reduce their committed electrical load when activated during conditions of tight power generation supply. Participating companies receive payments by being on standby to reduce their energy demand even if they are not activated.

Commercial and industrial companies may now apply to participate in the sandbox.

Companies keen to participate in the DSM regulatory sandbox may register their interest at https://go.gov.sg/demand-response-programme.

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