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All proposed modifications to the Market Rules are reviewed by the Rules Change Panel (RCP). Thereafter, the RCP makes a recommendation to the EMC Board and the decision of the EMC Board is submitted to Energy Market Authority for endorsement.
Members of the RCP represent a wide range of experience from the electricity industry and the financial industry.
The current 3-year RCP term is effective from 1 January 2012 to 31 December 2014.
The RCP consists of 14 members:
Dave Carlson joined EMC as its CEO in June 2006 after eight years with M-co (The Marketplace Company), one of EMC’s shareholders. He was actively involved in the establishment of EMC in 2001 and is very familiar with the market’s stakeholders as well as the development of EMC and the NEMS.
Dave joined M-co in 1998 to position and lead the company’s strategy to diversify and internationalise its capabilities. He held a number of senior management roles, including head of business development, and prior to moving to Singapore in 2004 he managed M-co’s subsidiary in South Africa. Previously, Dave worked for 12 years in the financial services sector, where he held a number of senior corporate positions in sales, finance, marketing, strategy and corporate restructuring.
Toh Seong Wah
Seong Wah joined EMC in August 2011. He heads the Market Operations and Information Technology (MOIT) teams which provide the resources and support to ensure that the trading, pricing and settlement in the NEMS are in accordance with the Market Rules. Seong Wah brings with him extensive experience from the public sector. Prior to joining EMC, he was involved in several large scale whole-of-government infrastructure and technology initiatives, including the Standard ICT Operating Environment (SOE) which was the largest government infocomm programme at the time with a project value of S$1.3 billion. Seong Wah graduated from Nanyang Technological University with an honours degree in Electrical Engineering.
Kng Meng Hwee
Mr Kng Meng Hwee is Deputy Chief Executive of the Power System Operation Division of the Energy Market Authority. His division is responsible for real-time operation of the power system in Singapore. He has more than 27 years of experience in the electricity industry and has been actively involved in the restructuring of the electricity industry, and the development and operation of the wholesale electricity market since 1996. Meng Hwee has a Bachelor of Engineering (1982, 1st Class Honours) and a Master of Science (1987), both in Electrical Engineering, from the National University of Singapore. He has been a Registered Professional Engineer (Electrical) in Singapore since 1992 and a member of the Institute of Electrical and Electronics Engineers since 1982.
Daniel Lee Kong Leng
Daniel Lee Kong Leng is the Regulation Manager of PowerSeraya Ltd. He is responsible for all market regulation issues affecting PowerSeraya including the regulatory contracts such as the vesting contracts and ancillary services contracts which affect the majority of PowerSeraya’s revenue. Before joining PowerSeraya Ltd, he worked for the regulator of Singapore’s electricity and gas sectors, the Energy Market Authority of Singapore (“EMA”), where his last held position was Deputy Director, Wholesale Market Branch. He was for more than six years responsible for analyzing and recommending proposed changes to the Singapore Electricity Market Rules for EMA’s approval. In addition to holding a Bachelor of Social Sciences (Hons) Degree in Economics from the National University of Singapore, he has passed all the examinations required to hold the charter for the Chartered Financial Analyst designation and holds the Financial Risk Manager designation. He attended an Executive Programme at Harvard University in 2004.
Mr Luke Peacocke is Vice President - Portfolio Management and Regulatory Affairs for Senoko Energy Pte Ltd, a leading utility company in Singapore. This role covers the management and optimisation of Senoko’s cross-commodity positions, including the mitigation of associated market, regulatory and operations risks. Mr. Peacocke also participated in the acquisition of Senoko Power, by a consortium led by Marubeni Corporation and GDF SUEZ. Prior to joining Senoko, Mr. Peacocke established the commercial functions for a power corporation owned by GDF SUEZ in the Philippines, and held various roles with the Energy Market Company. He holds a Bachelor of Commerce and Administration, and Post-Graduate Honors Degree in Commerce and Administration (First Class) from the Victoria University of Wellington, New Zealand.
Pak-Juan Koe is Category Manager - Energy of Shell Eastern Petroleum (Pte) Ltd, where he develops and executes strategies for procurement and contracting of electricity, natural gas, steam and diesel. He works with Shell facilities in Singapore and Malaysia to develop comprehensive energy supply management solutions, including identifying opportunities to enhance the operation of existing embedded generators and development of future co-generation projects. Prior to joining Shell, he held a number of senior management positions, including Vice-President - Projects at a global cement company. Besides being a volunteer guide at museums and arts organizations in Singapore, he has served in honorary positions in a number of governing committees and a university advisory board. Pak-Juan holds a BEng (Electrical Engineering) and an MEngSc (Electrical Engineering) from the University of New South Wales, Australia, and an MBA from the Australian Graduate School of Management. He has an MSc (Environmental Management) from the National University of Singapore.
Chan Hung Kwan
Chan Hung Kwan is Director (Regulatory) of SP PowerGrid Ltd. He is responsible for pricing, forecasting, economic/statistical analyses and regulatory activities in both the electricity and gas markets in Singapore. He has more than 26 years experience in the power industry, spanning a wide range of activities that includes generation planning, business development, strategic and financial planning, pricing and regulatory economics. Hung Kwan was also actively involved in the corporatisation of Singapore Power in 1995. He has participated in reviews on various issues concerning the wholesale and retail electricity markets and has also been involved in the gas market liberalisation in Singapore. He holds a Bachelor of Science in Mechanical Engineering, a Master of Philosophy in Control Engineering and Operational Research, a Master of Business Administration, and a Master of Professional Accounting.
Loh Chin Seng
Loh Chin Seng is the Vice President of SembCorp Utilities Pte Ltd and Head of Trading of SembCogen Pte Ltd and appointed as the General Manager of SembCogen. He is in charge of Trading, Regulation and Strategy of SembCogen Plant in Singapore. He has 30 years of experience in the gas and electricity power industry with responsibilities in power plant operation and maintenance. Having gone through 2 phases of restructuring and liberalisation in 1998 and 2003 for the Singapore power and gas market and the development of the electricity market, Chin Seng has accumulated many years of experience in the liberalised electricity market specializing in market operations and fuel management. Chin Seng was involved in the development and implementation of the paper and physical oil trading department of one of the largest power plants in Singapore.
Chan Sik Lung, Sean is General Manager (Regulation & Risk Management), Keppel Energy Pte Ltd. Sean has more than 13 years of experience in utilities industry, with involvement in the areas of internal audit, asset management, enterprise risk management and regulatory management. He was also actively involved in the regulatory reset for the Victorian electricity transmission company in Australia in 2002. A Chartered Engineer (UK), Sean holds a B.Eng (Hons) in Mechanical (Marine) Engineering from John Moors University (UK) and a MBA from University of Sheffield (UK).
Michael Wong is the General Manager of Tuas Power Supply Pte Ltd (TPS), one of the main private electricity retailers operating in Singapore’s liberalised electricity industry. At TPS, Michael leads the team in creating innovative energy solutions to meet the evolving needs of its customers. TPS’ innovative solutions and professional services help customers in managing the electricity pricing risk amidst a volatile oil market in a more cost-effective and efficient manner. One example is the launch of Tuas Power Green Program in 2007, where TPS together with their partner G-Energy helps their valued customers in going through energy audits in order to achieve better energy efficiency and hence cost reduction in the long run. Prior to joining TPS, Michael gained extensive working experience in his years with Shell. Michael graduated with a MSc in Financial Economics, London University and a Bachelor in Mechanical Engineering with a Second Class Upper Honours from the University of Hong Kong.
Dallon Kay is Managing Director of Diamond Energy Pte Ltd, a privately owned energy services company specializing in demand response and smart grid solutions. In addition to the company’s activities in Singapore as a Wholesale Trader in the NEMS, the company is also a market participant in the National Electricity Market of Australia. He has fifteen years of commercial experience in the energy sector. Prior to his current position at Diamond Energy, he was Regional Director Commercial Development Asia at Duke Energy International. He is now responsible for the development activities of the Diamond Energy Group in Asia. Mr. Kay has been a member of the Rule Change Panel since 2006.
Lawrence Lee Siew Ming
Lawrence Lee is Director (Operations) of SP Services Ltd, where he is responsible for billing services, metering data management and installation services. He has over 12 years of experience in the utilities industry. He graduated from the National University of Singapore with a Bachelor of Science in Biochemistry (Second Upper Honours) in 1996.
Dr Toh Mun Heng
Dr Toh Mun Heng has been a member of the Central Committee of the Consumers Association of Singapore since 1995. He served in the CaseTrust Advisory Council and Fair Trading Legislation Committee, which eventually led to the passing of the Consumer Protection (Fair Trading) Act in 2004. Currently, Dr Toh serves as the Chairperson of CASE Endowment Fund Board of Trustee and Assistant Treasurer of CASE. He is consulted by numerous governmental and international organisations which include Agency for Science and Technology Research, ASEAN Secretariat, Civil Aviation Authority of Singapore, InfoComm Development Authority, Singapore, Ministry of Finance, Ministry of Health, Ministry of Manpower, Ministry of Trade and Industry, UN ESCAP and the United Nations and many others. He obtained his doctoral degree in Economics and Econometrics from the University of London, London School of Economics. He is currently an Associate Professor, Department of Business Policy, School of Business, National University of Singapore as well as a Research Assistant in the Ministry of Environment. He researches and writes prolifically in many topics including Household Economics, Manpower/Education Planning and Population Studies and Productivity Measurement and Analysis in Asia Pacific Economies.
Low Cheong Kee
Home-Fix was founded in 1993, by Low cheong Kee and his brother, Low Cheong Yew. It is today Singapore’s largest DIY home improvement chain store with a retail network of 22 stores in Singapore, 10 in Malaysia and a flagship store in Jakarta, Indonesia. Low Cheong Kee nurtured his entrepreneur spirit in his early years while tending the family-run hardware store since young. He was one of the first market movers in the industry and had a great influence in developing the local model for DIY stores as we know it today. An advocate of lifelong learning, Cheong Kee places great emphasis in up skilling, upgrading and professional development. He believes that people are the essence of Hone-Fix’s success and invests in developing people so that as the company grows the people who are a part of that growth are not left behind.
Phillip Tan Eng Seong
Mr Tan is a Fellow of the Institute of Certified Public Accountants of Singapore and a Fellow of the Institute of Chartered Accountants in England and Wales and has more than 30 years of audit and financial advisory experience. Until his retirement in 2007, he was a member of the Leadership Team and Governance Committee of PricewaterhouseCoopers Singapore. Currently, Mr Tan is the Finance Director of Citystate Capital Asia Pte Ltd whole wholly subsidiaries include a Singapore General Insurance Company and a number of Insurance Broking Companies. Mr Tan is active in community service and is serving on the Boards of a number of statutory and charitable bodies. He is a recipient of the Public Service Medal, Public Service Star and is also a Justice of Peace.