The best way to purchase power as a business customer in Singapore is to procure it at a plan derived from wholesale electricity prices (WEP). Primarily because of the unique characteristics of the National Electricity Market of Singapore (NEMS). Also, the WEP is essentially the cost price of electricity for all retailers, and procuring electricity on this cost plus basis is the cheapest and most transparent option possible to the consumer.
The National Electricity Market of Singapore (NEMS) has some unique characteristics, that presents the everyday electricity consumer advantageous opportunities. Compared to many other liberalised markets in developed urbanised cities, the Singapore market is presently relative stable. Here is why.