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Estimated Costs
This is an overview of the types of costs involved in becoming a direct market consumer. However, they are estimates and the list is not exhaustive. Costs will vary depending on your own due diligence and needs.
Fixed costs
- Electricity licence fee to EMA
- Market fees paid per MWh consumer: Est. S$1.50 to $2.00 per MWh
- SP Services fees for meter reading
Variable costs
- Market fees paid per MWh consumed
- Legal fees associated with reviewing contracts, rules, etc.
- IT for connecting to the market systems
- Hiring staff with appropriate expertise to manage your electricity purchase
- Financial security with SP Services and SP PowerGrid
- Financial security with EMC (depending on your estimated consumption)
- SP PowerGrid fees for Use Of Service (UOS)
- Default levy cost/risk sharing
- Possible fines and penalties for rule breaches
