SINGAPORE – The Singapore Exchange (SGX) hosted a panel of energy professionals in July 2015 to discuss the development of the SGX electricity futures market and its potential benefits for the consumer. Moderated by Oliver Hsieh, head of KPMG Singapore’s Commodity & Energy Risk Management team, the topic sparked a thorough and interactive dialogue between the panel and audience members.
The SGX chartered a new course for the region by launching Asia’s first centralized electricity futures market (excluding Australia and New Zealand). This industry milestone has been a carefully crafted process, with the SGX and Energy Market Authority (EMA) cooperating closely with industry.
INDEPENDENT RETAILER PARTICIPATION
Our founder Dr.Matthew Peloso, Managing Director, Sun Electric, provided insight into how the electricity futures market can benefit independent and renewable energy retailers.
Drawing from his own experience at Sun Electric, Singapore’s first solar power company to obtain a retail electricity license, Mr Peloso emphasised that the electricity futures market will give them the capability to offer a suite of different product packages to the consumer. Crucially, due to the variable nature of solar power, the ability to procure base load power from the futures market will help solar energy retailers provide a more cost-effective and stable supply for their customers.
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