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Market Advisory Panel


The Market Advisory Panel (MAP) was established in 2019 to provide thought leadership and drive discussions on broad, strategic issues that affect the long-term sustainability and development of the NEMS.

Specifically, the MAP aims to:

• Prepare the NEMS for the future: Understanding challenges, obstacles and risks that the industry should focus on;
• Provide market thought leadership: Guiding the industry's strategic development and providing practitioners' perspectives to guide policies;
• Put forward recommendations: Presenting recommendations to the Energy Market Authority (EMA) on policy changes, or the Rules Change Panel (RCP) on changes to the Market Rules; and
• Develop assessment framework: Developing framework of objectives to be assessed, which is aligned with the aim of achieving market-wide economic efficiency.

Composition of the Market Advisory Panel

The Panel, which is nominated by market participants and stakeholders in the NEMS, aims to have a balanced representation to cover a wide set of industry interests.

MAP Members

  • Toh Seong Wah, Energy Market Company, Chief Executive Officer (Chair)
  • Andrew Koscharsky, ISwitch, Chief Commercial Officer
  • Atul Nargund, Sembcorp Industries, Executive Vice President
  • Bernard Esselinckx, Senoko Energy, Chief Executive Officer
  • Cheong Zhen Siong, Air Liquide Singapore, Director
  • Janice Bong, Keppel Infrastructure Holdings, General Manager
  • Jerome Baco, CleanTech Solar Singapore Assets, Chief Operating Officer
  • Jomar Eldoy, Ohm Energy, Managing Director
  • Laurence Kwan, Sunseap Group of Companies, Director
  • Loh Sze Wei, Shell Energy Singapore, General Manager
  • Michael Wong, Tuas Power Generation, Chief Operating Officer
  • Poa Tiong Siaw, Energy Market Company, Senior Vice President
  • Sim Meng Khuan, YTL PowerSeraya Group, Senior Vice President
  • Soh Yap Choon, Energy Market Authority, Deputy Chief Executive (Power System Operator)
  • Yu Tat Ming, PacificLight Power, Chief Executive Officer

MAP Observers

  • Ang Kok Kiat, National Environment Agency, Director
  • Soh Sai Bor, Energy Market Authority, Assistant Chief Executive

Governance of the Market Advisory Panel

The flow chart on the right illustrates the governance process guiding the work of the MAP.

The MAP does not vote on issues but strives towards building consensus for recommendations. All recommendations, as well as points of disagreement, are recorded and submitted to the EMA or the RCP for consideration.

The MAP is supported by industry working groups (IWGs) to undertake studies and make recommendations on the priority areas identified for the NEMS.

In an industry forum held in 2019[1], two priority areas were identified – resource adequacy and the integration of emerging technologies

[1] A CEO Forum for the industry was held in March 2019 to identify key issues or topics impacting the NEMS. Out of the five key issues/topics identified – resource adequacy, integration of emerging technologies, access to flexible resources, demand participation and securing financial integrity – two were subsequently shortlisted as priority areas for the NEMS.



Reports of Industry Working Groups

Industry Working Group 1 (IWG 1) - Resource Adequacy

IWG 1 was tasked by the MAP to study and analyse issues around resource adequacy and the EMA’s proposed Forward Capacity Market (FCM). The working group set out to review the proposed FCM design and make recommendations to the EMA before the high-level design of the FCM is finalised in late 2020.

The working group has completed its review. Its report has been endorsed by the MAP and submitted to the EMA on 26 Oct 2020.

To assist IWG1 in its work, EMC also engaged AFRY Management Consulting (AFRY) to conduct an independent review of the EMA’s proposed FCM design, with the intent of improving it to better suit Singapore’s context. IWG 1 generally agreed with AFRY’s assessment and used the output of the review to make its recommendations to the EMA.

The IWG1’s report and AFRY’s review are attached below:

Industry Working Group 2 (IWG 2) - Integration of new and emerging technologies in NEMS

IWG 2 was tasked by the MAP to examine issues relating to the integration of new and emerging technologies in the NEMS, as well as to propose feasible solutions to the EMA that will facilitate the integration of these technologies into the NEMS.

Work in this area is still ongoing.