Singapore legislation

Section 49

of Electricity Act 2001

Section 49

Market rules have force of contract

(1)

The market rules have the effect of a contract between each market participant and the Market Company.

(2)

Each market participant and the Market Company are deemed to have entered into a contract with one another under which each market participant and the Market Company severally agree to perform and observe the market rules as far as they are applicable to each market participant and the Market Company as provided for in the market rules.