EMA reviews disclosure of data for better trading

[SINGAPORE] With a six-month trial starting this month for electricity futures trading - followed by expected trading proper in October - the Energy Market Authority (EMA) is reviewing the disclosure of market information and how to enhance this to better facilitate trading and risk management for participants in both the spot and futures power markets.

The regulator launched an industry consultation yesterday regarding market disclosure in both the Singapore wholesale electricity market (ie the spot market) and the electricity futures market, and has offered two proposals to enhance data transparency.

The EMA paper also confirmed the expected launch date for electricity futures trading when it said that this is "anticipated to commence operation . . . on Oct 1". BT had earlier cited an official from the Singapore Exchange - which will administer electricity futures trading and be the clearing house - disclosing the April launch of trials, followed by trading proper in October, with dates subject to MAS approval.