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Our Energy Story

Overview

Discover how the Singapore Energy Story sets the vision towards a net-zero energy future.

Energy Supply

Gain insights into the four switches that power Singapore’s economy and our daily lives.

Energy Demand

Discover ways to enhance energy efficiency and lower your carbon footprint.

Energy Grid

Explore how EMA ensures a reliable and secure energy supply for everyone.

Energy Market Landscape

Learn about the intricacies of Singapore’s energy market structure and operations.

Consumer Information

Electricity

Get tips on buying electricity and protecting your family from electrical hazards.

Gas

Learn about purchasing gas and safeguarding your family against gas hazards.

Solar

Access information on installing solar panels at your home and selling excess electricity to the national grid.

Regulations & Licences

Regulations

Stay up-to-date with the latest regulations, policies and frameworks governing the energy sector.

Licences

Learn about the licences that EMA issues to different stakeholders in the energy sector.

Regulatory Publications

Read about the Codes of Practice and Circulars that EMA publishes to regulate the energy sector.

Partnerships

Calls for Proposal

Collaborate with EMA in co-creating innovative solutions for the energy sector.

Consultations

Give your comments and feedback on EMA’s policies and regulations.

R&D Partnerships

Discover how EMA works with stakeholders to catalyse new and innovative digital technologies.

Talent Development

Learn about EMA’s efforts in nurturing talent and cultivate interest in the energy sector.

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Vesting contracts aim to enhance economic efficiency in the electricity market by mitigating the exercise of market power by the large power generation companies.

How Vesting Contracts Work

As the Market Support Services Licensee (MSSL), SP Services Ltd buys electricity from the wholesale electricity market at half-hourly prices for supply to non-contestable consumers at the regulated tariff.

From time to time, EMA may issue vesting contracts through the MSSL for hedging the price of energy to be procured from the Singapore Wholesale Electricity Market (SWEM) for supply to non-contestable consumers. The vesting contracts are structured as bilateral two-way Contracts-for-Differences between the MSSL and a holder who is typically a power generation company.

Setting the vesting price

The vesting price is determined based on the long run marginal cost of the most efficient technology that accounts for at least 25% of the total electricity demand in Singapore.

 

Please refer to the Documentation section for details on EMA's procedures for calculating the components of the vesting contracts for the respective vesting periods.

 

The latest and historical vesting data are available on the Open Electricity Market website.

Documentation

Vesting Contract:

How to Calculate Vesting Contract Components:

Review of Long Run Marginal Cost Parameters to Set Vesting Price: