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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