WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 323
Grid 2.0
Grid 2.0 refers to the grid system which will transform how gas,
solar and thermal energy is managed into a single intelligent
network efficiently. This builds on Singapore’s past investments
in smart meters, grid storage, solar photovoltaics, as well as
various energy efficiency and demand management solutions
to address Singapore’s unique energy challenges, and also grow
the base of capabilities.
Guarantee of Origin
A certificate stating a volume of electricity that was generated
from renewable sources. In this way the quality of the electricity
is decoupled from the actual physical volume. It can be used
within feed in tariffs or Green Certificate systems
Hub (gas)
Physical or virtual entry/exit points for natural Gas
Hub (retail)
Inter Company Data Exchange platform primarily enabling
Suppliers and Distribution companies to exchange client related
data and making supplier’s switching more reliable
ICPT Mechanism
The ICPT is a mechanism approved by the Government and
implemented by ST since 1 January 2014 as part of a wider
regulatory reform called the Incentive Based Regulation
(“IBR”). ICPT mechanism allows TNB to reflect changes in fuel
and generation costs in consumer’s electricity tariff every six
months. This mechanism is implemented according to Section
26 of Electricity Supply Act 1990 [Act 447]. The impact of ICPT
implementation is neutral on TNB and will not have any effect
to its business operations and financial position
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IED
Industrial Emissions Directive, a European Union Directive that
sets strict limits on the pollutants that industrial installations
are allowed to spew into the air, water and soil. Installations
have until 2016 to comply with the limits
Incentive Based Regulation
An incentive-based regulatory approach aims to reduce
environmentally-harmful pollutants by offering inducements
to polluters who limit their emissions
Installed capacity
The installed capacity represents the maximum potential
net generating capacity of electric utility companies and
autoproducers in the countries concerned
International Energy Consultants
IEC is a Perth-based consulting firm which specializes in providing
power market advisory services to companies operating in and
associated with the IPP sector within the Asia-Pacific region
Investment Tax Credits
A tax related incentive that allows individuals or entities to
deduct a certain percentage of specific investment related
costs from their tax liability apart from usual allowances
for depreciation.
WEMO 2024
Grid
An electrical grid, electric grid or power grid, is an interconnected
network for delivering electricity from producers to consumers.
HHI
Herfindahl-Hirschman Index, a commonly accepted measure of
market concentration. It is calculated by squaring the market
share of each firm competing in a market, and then summing
the resulting numbers. The HHI number can range from close
to zero to 10,000
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Greenhouse effect
The warming of the atmosphere caused by the build up of
‘greenhouse’ gases, which allow sunlight to heat the earth while
absorbing the infrared radiation returning to space, preventing
the heat from escaping. Excessive human emissions including
carbon dioxide, methane and other gases contribute to climate
change
