Energy Market Authority

Name

Energy Market Authority

Legal name

Energy Market Authority

Website

https://ema.gov.sg

Company type

Private

Founded year

2000

Operating status

Operating

Short description

The Energy Market Authority is Singapore's statutory board that regulates the electricity, gas, and district cooling industries and operates the national power system. It serves power generators, retailers, industrial and commercial consumers, and regional partners, advancing the country's net-zero energy transition.

Ownership category

akta.pro rank

Product category

Energy Regulation and Power System Operations

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Regulated Residential & SMB Retail Supply (Default/Standard Offer) (EUAGABAA)

akta.pro secondary industries

EV Charging–Integrated Retail Supply (Home/SMB) (EUAGABAJ), Microgrids & Energy Management Controllers (Campus/Community/Industrial) (EUADAPAE), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

Keywords

• Energy market regulation
• Power system operations
• Electricity market oversight
• Energy licensing services
• Gas market regulation

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Government Funding: As a Singapore Government statutory board, EMA is funded through annual government budget allocations rather than commercial revenue generation. EMA collects regulatory fees and licence fees from industry participants.
2. Regulatory Fees and Licence Fees: EMA issues licences to companies in electricity, gas and district cooling sectors and collects fees for these licences. Industry players include generation companies, importers, retailers, wholesalers, gas shippers, importers, and retailers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

The Energy Market Authority (EMA) regulates Singapore's electricity, gas, and district cooling industries while operating the national power system. EMA issues licences to energy industry participants, administers the Open Electricity Market for consumer choice, and manages the Singapore Wholesale Electricity Market (SWEM). The authority also develops industry capabilities through programmes such as the Grid Digital Twin, Virtual Power Plants, Demand Response, and the Nuclear Energy Capabilities Programme to support Singapore's transition to a clean energy future.

Product overview

The Energy Market Authority (EMA) operates as Singapore's energy regulator, power system operator, and industry developer. EMA's product portfolio centers on the Open Electricity Market (OEM) platform enabling consumer choice in electricity providers, complemented by digital eServices including the ELISE portal for licence management. The organization provides critical grid management technologies including the Grid Digital Twin (virtual electricity network replica) and Virtual Power Plant (aggregating distributed energy resources). Demand-side management offerings include the Demand Response Programme and Interruptible Load Programme for grid stability. EMA supports energy infrastructure through Battery Energy Storage Systems and regulates the Industry Licences Directory. Strategic initiatives include Singapore GasCo for centralized gas procurement, the Nuclear Energy Capabilities Programme for assessing advanced nuclear technologies, and the annual Singapore International Energy Week. Statistical publications including Singapore Energy Statistics and the Singapore Electricity Market Outlook provide industry intelligence.

Differentiator

Problem solved

Functional benefit

Products and services

• Open Electricity Market (OEM) A liberalized market platform allowing contestable consumers (businesses and residential consumers) to purchase electricity from EMA-licensed retailers at market prices rather than the regulated tariff, fostering competition in Singapore's electricity sector.
• e-Licence Information Services (ELISE) Portal Online portal for applying for and managing worker licences, including electrical worker licences, gas service worker licences, and cable detection worker licences, serving industry professionals in Singapore's energy sector.
• Grid Digital Twin A virtual replica of Singapore's electricity network enabling real-time monitoring, scenario planning, and predictive maintenance for grid resilience, supporting the digitalised green energy transition.
• Virtual Power Plant System that aggregates distributed energy resources such as rooftop solar and battery storage into a single reliable power source, with current capacity of up to 15 MW, supporting grid stability and renewable energy integration.
• Demand Response Programme Programme allowing consumers to reduce electricity load during times of high wholesale electricity price or system supply shortage, delivering savings for electricity buyers in the Singapore Wholesale Electricity Market.
• Interruptible Load Programme Programme that compensates large consumers for reducing electricity load during grid stress events to maintain system reliability, incentivizing demand-side flexibility.
• Battery Energy Storage Systems Large-scale battery storage solutions deployed on Jurong Island for grid stability, with Sembcorp's expanded system reaching 326 MWh capacity through vertical battery-stacking technology.
• Singapore GasCo Pte Ltd Fully government-owned entity established to centralize procurement and supply of natural gas to Singapore's power sector, achieving economies of scale in gas procurement and diversifying supply sources.
• Nuclear Energy Capabilities Programme Long-term capability building programme to assess viability of advanced nuclear technologies including small modular reactors, with cooperation agreements with the US, Korea, UAE, and France.
• Industry Licences Directory Public directory listing all EMA-licensed entities in electricity, gas, and district cooling sectors including generation companies, importers, retailers, wholesalers, and gas shippers, serving as a regulatory transparency tool.
• Singapore Energy Statistics Annual statistical publication providing comprehensive data on Singapore's energy landscape including supply, transformation, consumption, prices, solar deployment, and power sector manpower.
• Singapore Electricity Market Outlook (SEMO) Annual online publication providing longer-term outlook on Singapore's energy landscape including projected supply and demand conditions.
• Singapore International Energy Week (SIEW) Annual flagship event bringing together energy stakeholders to discuss pressing energy issues, featuring dialogues on sustainability, energy security, and regional cooperation.

Quantifiable outcome

• Singapore achieved 1.5 GWp solar capacity ahead of 2025 target, on track for 2 GWp by 2030
• +3 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Asian Development Bank (ADB)coreStrategic or Co-development Partner · 19 May 2026ADB and EMA extended their MoU for three years to continue supporting cross-border energy initiatives in the ASEAN region, including projects to supply electricity to Singapore. Cooperation focuses on improving project bankability, managing risks, addressing technical complexities of subsea cable systems, and exploring financing options for the ASEAN Power Grid. ADB has committed up to $10 billion over the next decade for the ASEAN Power Grid.
• Korea Hydro & Nuclear Power Co Pte LtdcoreStrategic or Co-development Partner · 1 March 2026EMA signed MoU with Korea Hydro & Nuclear Power to collaborate on civil nuclear energy, marking the first such agreement between a Korean nuclear power company and a Singapore government agency. The parties will conduct joint studies on small modular reactors (SMRs) for potential applications in Singapore, alongside human resource development and technical information sharing.
• International Renewable Energy Agency (IRENA)majorStrategic or Co-development Partner · 28 October 2025IRENA launched the Accelerated Partnership for Renewable Energy in Southeast Asia (Apresa) initiative at Singapore-Irena high-level forum. The initiative aims to scale up clean energy in ASEAN through four pillars: strengthening renewable energy infrastructure, improving regulatory conditions, enhancing green economies, and mobilizing private sector investments. Targets phasing out diesel generators on remote islands by 90% and increasing renewables to 45% of region's power capacity by 2030.
• Australia Energy RegulatorcoreTechnology or Integration · 28 October 2025EMA signed agreement with Australia's energy regulator to share best practices on gas and electricity markets and cooperate on low-carbon technologies. Supports Singapore's plan to import up to 6 GW of low-carbon electricity by 2035, including projects like SunCable to import Australian solar power.
• Battelle Memorial InstitutecoreStrategic or Co-development Partner · 27 October 2025EMA signed MoU with Battelle Memorial Institute to build capabilities in studying the feasibility of nuclear energy for power generation in Singapore. Part of broader US-Singapore civil nuclear cooperation including 123 Agreement (July 2024) and MoU on Strategic Civil Nuclear Cooperation (January 2025).
• Idaho National LaboratorycoreStrategic or Co-development Partner · 27 October 2025EMA signed Letter of Intent with Idaho National Laboratory to build capabilities in studying the feasibility of nuclear energy for power generation in Singapore. The US Department of Energy approved Singapore's addition to the Part 810 list of Generally Authorised Destinations, enabling exports of controlled nuclear technology.
• Sembcorp IndustriescoreTechnology or Integration · 27 October 2025Sembcorp Industries partnered with EMA to test expanded battery energy-storage system on Jurong Island for grid stability. Vertical battery-stacking solution increased capacity from 285 MWh to 326 MWh without additional land use, demonstrating efficiency improvement in energy storage technology.
• Sembcorp Utilities Pte. Ltd.coreChannel Partner/ Reseller/ Distributor · 20 October 2025EMA granted conditional approval to Sembcorp Utilities to import 1 GW of low-carbon electricity from hydropower sources in Sarawak, Malaysia. Project expected to reach commercial operations around 2035, involving collaboration with Malaysia's Sarawak Energy Berhad.
• Sumitomo CorporationminorStrategic or Co-development Partner · 6 October 2025Japanese trading house Sumitomo won exclusive Singapore Government grant from Maritime and Port Authority of Singapore (with EMA involvement) to develop ammonia as alternative marine fuel. Funding supports research and demonstration of ammonia bunkering at Port of Singapore with planned demonstration in 2027.
• Equator Renewables Asia (ERA)minorChannel Partner/ Reseller/ Distributor · 1 June 2025ERA received Conditional Approval and Conditional Import License from EMA to import up to 400 MW of renewable power from Indonesia under a Sustainable Industrial Zone initiative spanning Batam, Bintan, and Karimun. ERA has S$50 million funding including from KPN Corporation and Tsao Pao Chee.
• SKB International (Sweden)coreStrategic or Co-development PartnerSingapore authorities collaborated with Swedish company SKB International on a desktop study (completed 2023) finding no major technical roadblocks for the Republic to store nuclear waste deep underground. Study identified granite formations in northern and central regions as potentially suitable for deep geological repositories.
• SunCablecoreChannel Partner/ Reseller/ DistributorSunCable project aims to import Australian solar power to Singapore by 2035. Part of Singapore's strategy to import up to 6 GW of low-carbon electricity by 2035 from regional sources.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• California ISO (CAISO): Operates California's wholesale electricity market and grid with a heavy renewables integration mandate; comparable to EMA on integrating solar, DERs, and VPPs into a competitive market.
• PJM Interconnection: Largest US power market operator running competitive wholesale electricity, capacity, and ancillary services markets; analogous to EMA in administering SWEM and USEP price discovery.
• Ofgem: UK's energy regulator overseeing gas and electricity markets with comparable mandates around consumer protection, decarbonization, and market competition; closest European counterpart to EMA.
• Australian Energy Market Operator (AEMO): Operates Australia's National Electricity Market and gas markets; the closest functional analogue to EMA as a combined market operator and system planner for a liberalized wholesale electricity market.
• ERCOT: Independent system operator managing ~90% of Texas's load; comparable to EMA in operating the wholesale electricity market and ensuring real-time grid reliability for a sub-national jurisdiction.
• Independent Electricity System Operator (IESO, Ontario): Operates Ontario's grid and wholesale market; comparable scale and mandate to EMA as a province-/country-level system operator with growing renewable integration responsibilities.
• Australian Energy Market Commission (AEMC): Sets the rules for Australia's National Electricity Market; comparable to EMA's industry regulator function in defining market rules, licensing frameworks, and consumer safeguards.
• Bundesnetzagentur: Germany's federal energy regulator overseeing electricity, gas, and district heating networks; matches EMA's multi-vector regulatory remit including district cooling alongside power and gas.
• Commission de régulation de l'énergie (CRE): France's independent energy regulator overseeing electricity and gas markets; comparable to EMA's regulator role across power, gas, and district cooling in a liberalized market structure.

Broad incumbents

• Agency for the Cooperation of Energy Regulators (ACER): EU-level agency coordinating national energy regulators across cross-border electricity and gas markets; analogous to EMA's role in coordinating cross-border ASEAN electricity trade.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/EMA_sg
• YouTubeyoutube.com/c/EnergyMarketAuthority
• Facebookfacebook.com/EnergyMarketAuthority
• LinkedInlinkedin.com/company/energy-market-authority-ema-
• Instagraminstagram.com/ema_singapore
• TikToktiktok.com/@ema_singapore

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energy Market Authority