Singapore eyes to regulate power futures to prevent speculation

6 power-gen firms lining up in the market.

 According to Bloomberg's report, Singapore will seek to regulate electricity trading to prevent speculation as Asia’s oil hub prepares to open the region’s first power futures market.

Singapore Exchange will begin a trial for the contracts in 2014 and intends to start trading by the end of next year, S. Iswaran, the second minister for trade and industry, said in a speech during Singapore International Energy Week today.

Six power generation companies have said they are interested in the market, including Keppel Merlimau Cogen Pte, Sembcorp Cogen Pte, Senoko Energy Pte, Tuas Power Generation Pte, Tuaspring Pte and YTL PowerSeraya Pte, he said.

Read full report here.