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Evolution of Global Electricity Markets by Fereidoon P. Sioshansi

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Chapter 24

The Singapore Electricity Market

From Partial to Full Competition

Youngho Changa and Yanfei Lib,    aDivision of Economics, School of Humanity and Social Sciences, Nanyang Technological University, Singapore, bEnergy Research Institute @ NTU, Nanyang Technological University, Singapore

1 Introduction

Over the last two decades, Singapore has gradually deregulated its electricity market from a vertically integrated monopoly to a fully divested generation with competition in the wholesale and retail electricity sectors and a monopoly in the transmission and distribution (T&D) sector.

Singapore is a city-state in Southeast Asia, with 714 km2 of land area, a population of 5.2 million and Gross Domestic Product (GDP) per capita of US$50,123 ...

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