Electricity Act (Chapter 89A)
This Act creates a competitive market framework for the electricity industry, and makes provision for the safety, technical and economic regulation of the generation, transmission, supply and use of electricity. It specifies that the EMA is to promote the efficient use of electricity by consumers and to promote the economic efficiency and maintenance of such efficiency in the electricity industry. It also specifies that the EMA is to ensure that electricity licensees whose prices are controlled by the EMA are able to provide an efficient, financially viable service.
Along with the Gas Act, Public Utilities Act and the Energy Market Authority of Singapore Act, the Electricity Act was passed to restructure and liberalise the energy sector. The Electricity Act makes provisions to open up the generation and distribution of electricity to full competition.