Tighter hedging rules from Q1 next year to limit risks for Singapore’s electricity retailers
SINGAPORE’S new rules for electricity retailers to step up their hedging game to withstand market swings are set to go live from the first quarter of next year.
This comes in the wake of an unprecedented energy crisis that saw a handful of exits two years ago.
According to a spokesperson with the Energy Market Authority (EMA), the hedging rules for retailers will be implemented next year following discussions between the regulator and retailers that are expected to go on till year-end.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Johor property old hand KSL readies family handover amid market boom
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned