SINGAPORE — In a first-of-its-kind initiative to get households to help manage the load on the electricity grid, residents in homes equipped with smart meters will be called upon to adjust their electricity usage during peak demand periods.
Once alerted, participating residents can postpone their usage of high energy-consuming appliances such as washing machines or dishwashers, or adjust the temperature of their air-conditioner or turn it off. Electricity demand and supply must be managed because if many consumers are using electricity at the same time, there is less supply and prices typically go up. Peak periods can also strain the systems that deliver power.While the initiative is tentatively planned to run for six months, other details such as the type of incentive will be revealed later as SP and EMA are finalising the programme.
EMA noted that the power system's peak demand is forecast to increase at a compounded annual rate of up to 6.5 per cent over the next five years.
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