Singapore legislation

Clause 46

of Electricity Bill

Clause 46

Market rules

(1)

The Authority shall make initial market rules —

(a)

establishing and governing, amongst other things —

(i)

any wholesale electricity market; and (ii)agreements and arrangements in connection with trading;

(b)

governing the activities of the Market Company and market participants in and in relation to any wholesale electricity market; and

(c)

governing the operation of the electricity system.

(2)

Any subsequent modification to the initial market rules shall be made in accordance with subsection (3).

(3)

The market rules made under this section, including rules modified in accordance with this subsection, may be modified by the Market Company in accordance with the market rules, by notice published in such manner as will secure adequate publicity.

(4)

A modification to the market rules made by the Market Company under subsection (3) is subject to approval by the Authority, which approval shall be granted unless the Authority determines that the modification —

(a)

unjustly discriminates in favour of or against a market participant or a class of market participants; or

(b)

is inconsistent with the functions and duties of the Authority under section 3(3).

(5)

The market rules shall be deemed not to be subsidiary legislation.

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