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Tighter hedging rules from Q1 next year to limit risks for Singapore’s electricity retailers

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Anita Gabriel

Anita Gabriel

Published Thu, Aug 24, 2023 · 02:00 PM
    • Singapore’s Open Electricity Market faced a tumultuous time in mid-2021 when electricity prices in the wholesale market shot through the roof.
    • Singapore’s Open Electricity Market faced a tumultuous time in mid-2021 when electricity prices in the wholesale market shot through the roof. PHOTO: BT FILE

    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.

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