In forceAmended2020 Revised Edition

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Electricity Act 2001 · 2020 Revised Edition · Part 6 · Wholesale Electricity Market

46. Market rules

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Amended

Last amended by an amending law of 2006.

(1)

The Authority is to 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)

To avoid doubt, rules made for the purpose of subsection (1)(a) may make provision governing the activities of market support services licensees in and in relation to any wholesale electricity market.

(3)

The Market Company —

(a)

may modify the market rules in accordance with the market rules; and

(b)

must modify the market rules when directed to do so by the Authority.

(4)

The market rules made or modified in accordance with this section must be published by the Market Company in such manner as will secure adequate publicity.

(5)

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

(a)

being a modification made under subsection (3)(a), unjustly discriminates in favour of or against a market participant, a market support services licensee, or a class of market participants or market support services licensees; or

(b)

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

(6)

The market rules are deemed not to be subsidiary legislation.

Terms defined in this Act

Authority
Defined · s 2
“Authority” means the Energy Market Authority of Singapore established under the Energy Market Authority of Singapore Act 2001;
Open s 2
electricity system
Defined · s 2
“electricity system” means a system comprising a transmission system of a transmission licensee and generating stations connected directly or indirectly to the transmission system;
Open s 2
Market Company
Defined · s 42
“Market Company” means the company which holds an electricity licence authorising it to operate any wholesale electricity market.
Open s 42
market participant
Defined · s 2
“market participant” means a person —(a)authorised by an electricity licence; and(b)registered in accordance with the market rules,to trade in any wholesale electricity market and includes a transmission licensee and any department of the Government which generates electricity before 1 April 2001;
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market rules
Defined · s 2
“market rules” means the rules made or modified under section 46;
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market support services
Defined · s 2
“market support services” means any of the following activities in connection with the supply of electricity: (a)the reading of the register of any electricity meter and the management of data relating to meter reading;(b)the facilitation of access to any wholesale electricity market for the purposes of obtaining supply of electricity for contestable consumers and retail electricity licensees;(c)the provision of customer transfer services for retail electricity licensees and consumers to facilitate the transfer of contestable consumers between one retail electricity licensee and another or between retail electricity licensees and market support services licensees;(d)the provision of other services related to access to any wholesale electricity market and the retail electricity market; and(e)the supply and sale of electricity to non‑contestable consumers;
Open s 2
market support services licensee
Defined · s 2
“market support services licensee” means a person who is authorised by an electricity licence to provide market support services;
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modification
Defined · s 2
“modification” includes any amendment, addition, alteration and variation;
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wholesale electricity market
Defined · s 2
“wholesale electricity market” means an electricity market established by the market rules for the trading of electricity, ancillary services or any other electricity-related product or service.
Open s 2