Please send in your written comments and feedback via email to EMA_PSO_ADMIN@ema.gov.sg by 5pm on 20 Feb 2020. Please use the form in Appendix 2 for your submission.
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Decision
Feedback was received from 2 respondents when the consultation paper closed on 17 Feb 2020. EMA has carefully considered the written representations from the respondentsand has decided to modify the review the PSO budget and fees at a frequencyof at least once every three years.
Update
The consultation has closed for comments.
Consultation
Under the Market Rules Chapter 2 Section 12.1.1, the Power System Operator (PSO) is required to publish its proposed expenditure and revenuerequirements, and a schedule of the fees that the PSO proposes to charge for the recovery of the PSO’s administrative costs, at the beginning of each consecutive period of 5 consecutive fiscal years. Such period is referred to as “5-fiscal year period”.
To ensure long-term financial sustainability, reducing fee rate fluctuations andmanaging the impact of increase, it is prudent to review fees and charges regularly at a shorter frequency. EMA thus proposes to review the PSO budget and fees at a frequency of at least once every three years, instead of the current five years. The proposed modification is to reduce the uncertainty faced by Market Participants over fee rate changes and allow them to plan ahead better.
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