SINGAPORE: Singapore will seek to regulate electricity trading to prevent speculation as Asia’s oil hub prepares to open the region’s first power futures market.
Singapore Exchange will begin a trial for the contracts in 2014 and intends to start trading by the end of next year, S. Iswaran, the second minister for trade and industry, said in a speech during Singapore International Energy Week yesterday. Six power generation companies had said they were interested in the market, including Keppel Merlimau Cogen Pte, Sembcorp Cogen Pte, Senoko Energy Pte, Tuas Power Generation Pte, Tuaspring Pte and YTL PowerSeraya Pte, he said.
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