Energy Market Authority
Encyclopedia
The Energy Market Authority (EMA) is a a statutory board
under the Singapore's Ministry of Trade and Industry
of Singapore
. The EMA's main goals are to promote effective competition
in the energy market
, ensure a reliable and secure energy supply
, and develop a dynamic energy sector in Singapore.
Statutory boards of the Singapore Government
The statutory boards of the Singapore Government are organisations that have been given autonomy to perform an operational function. They usually report to one specific ministry.*Accounting and Corporate Regulatory Authority...
under the Singapore's Ministry of Trade and Industry
Ministry of Trade and Industry (Singapore)
The Ministry Of Trade and Industry is a ministry of the Government of Singapore that directs the formulation of policies related to the development of trade and industry in Singapore.-Mission:...
of Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. The EMA's main goals are to promote effective competition
Competition
Competition is a contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources. It arises whenever two and only two strive for a goal which cannot be shared. Competition occurs naturally between living organisms which co-exist in the same environment. For...
in the energy market
Energy market
Energy markets are those commodities markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy...
, ensure a reliable and secure energy supply
Energy supply
Energy supply is the delivery of fuels or transformed fuels to point of consumption. It potentially encompasses the extraction, transmission, generation, distribution and storage of fuels...
, and develop a dynamic energy sector in Singapore.