Diamond Energy first to offer electricity demand response

Published: 18.12.2017 Related countries:  Singapore Singapore

SINGAPORE'S electricity sector took another step towards a future with a more balanced grid as Diamond Energy obtained approval from wholesale electricity market operator Energy Market Company (EMC) to manage demand response capacity.

The Energy Market Authority (EMA) had in 2016 introduced demand response to the energy market, but Diamond Energy is the first retailer to be registered for this in October. Demand response allows consumers who have the freedom to choose their electricity retailers - also known as contestable consumers - to reduce their electricity consumption during peak consumption hours, in exchange for payment. These reductions could come from consumers with flexible production processes, chillers and pumps, or on-site back-up generation.