Lights out for some electricity retailers in Singapore: Why and what it means for consumers

as part of a business reorganisation. The independent retailer stressed, however, that it is not exiting the market.

Then there are the independent retailers which do not generate their own electricity but buy electricity from the wholesale market where prices change every 30 minutes depending on demand and supply. Daily trading reports by the Energy Market Company – the operator of Singapore’s wholesale electricity market – provide a sense of this market volatility.

The power-industry regulator added that it is working closely with retailers facing challenges, such as facilitating their efforts to hedge against future price volatility.WHAT’S HEDGING AND WHY ARE RETAILERS STILL EXPOSED? “There are different contracts looking forward to January and February for example, and when I plot them out, I get what's called the forward curve which shows me the forward-looking prices,” explained Dr Broadstock.

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