the large players. Р The pricing provisions of the vesting contracts are intended to reflect the economics of Р new generation plant. Р The quantity of hedges allocated to the generators under the vesting contracts Р reduces as the market power of the large generators diminishes. Р SP Services Ltd, the MSSL, is the counterparty to the generators in all of the vesting Р contracts, which are settled between the parties through the EMC’s settlement system. Р SP Services Ltd allocates benefits or costs of the vesting contracts to the Р retailers, the non-contestable consumers and the contestable consumers who Р purchase electricity from the pool. Р Р 7 Senoko Energy, PowerSeraya and Tuas Power Generation. Р 2-5 Р Introduction to the National Electricity Market of Singapore – Oct 2010
全文预览
