On Friday 7 Oct, in partnership with Thomson Reuters and the Singapore Exchange (SGX), iSwitch invited the Energy Market Authority (EMA) and Wood Mackenzie to share their insights at this industry’s first ever seminar. Despite the rain, close to 100 attendees turned up at the Thomson Reuters Auditorium at One Raffles Quay.
There have been significant changes in the local electricity market for Traders and also Consumers. Regardless of where you sit in the chain, these changes provide opportunities to maximise trading profits and take advantage of the electricity market liberalisation for cost savings. This initiative strives to help consumers manage business costs, while analysing market risks through technology. Although iSwitch is one of the newest but fastest growing entrants in the electricity market, we are geared up towards educating the consumers on the options available and empowering them to make well informed decisions.
“Singapore Exchange (SGX) successfully launched the electricity futures market which provides market participants, including generators, retailers, consumers and traders, with a strategic platform to manage price risk and benefit from better forward price discovery and transparency. SGX welcomes the active role that iSwitch has played in promoting the electricity futures product and raising awareness amongst consumers about their choices in purchasing electricity,” commented, William Prajogo, Associate Director, Oil, Power & Gas Derivatives, Singapore Exchange. Mr Prajogo spoke about Singapore’s electricity futures market at the seminar.
It was our honour to have other industry experts with us at the seminar to share their insights.
Mr Henning Gloystein, Energy Editor, Asia & Deputy Editor in Charge, Asia Commodities of Thomson Reuters, talked about the successes and failures of the European energy market.
Mr Andrew Koscharsky, General Manager of iSwitch, shared his thoughts on managing risks in the trading and procurement of electricity in Singapore.
Ms Kerry-Anne Shanks, Head of Asia Pacific LNG Research of Wood Mackenzie, updated the attendees on developments of Asia Pacific Liquefied Natural Gas (LNG).
We are also privileged to have Mr Eugene Toh, Director of Policy and Planning of the Energy Market Authority (EMA) joining us on the panel for discussion.