Technical Advisory and Industry Development (TAID) section of SB organised a virtual training on National Electricity Market of Singapore (NEMS) from 14 to 22 January 2021. Considering the rapid development in Malaysia-Singapore Cross Border Energy Sales (CBES) scheme and Lao-Thai-Malaysia-Singapore Power Integration Project (LTMS-PIP), this advanced training served as a platform for SB employees to gain an in-depth understanding on the market design and framework, economic optimisation and operational practices in the Singapore electricity market. This seven-day training explored in detail about various products in Singapore Wholesale Electricity Market (SWEM), mechanism of the market clearing engine, contract framework, market surveillance and others. The training will enhance SB’s ability to facilitate the development of framework, policy and agreement of the upcoming initiatives related to electricity market.
