Regulatory norms for power companies will be expanded

The Energy Market Authority of Singapore is set to further expand its regulatory framework for power companies.

At the end of last year some power companies pulled out of the market. In this case, the Commission is taking steps to protect the users.

Accordingly, the proposed power companies can trade only if they have sufficient financial resources.

The Ministry of Commerce and Industry said companies should have plans to deal with market fluctuations.

It is important to provide additional protection to consumers in case of premature termination of contracts by power companies.

Accordingly, the Ministry said that the power companies should have financial resources.