EMC Provides One-stop Marketplace for Businesses to Buy Electricity and Offset Consumption
SINGAPORE, Oct 22, 2020 - (ACN Newswire) - Singapore's Energy Market Company (EMC) announced that organisations committed to environmental sustainability can now conveniently purchase electricity and offset their electricity consumption with Renewable Energy Certificates (RECs) through EMC's PowerSelect platform. Toh Seong Wah, CEO of EMCEsther An, Chief Sustainability Officer, City Developments Limited (CDL)His Excellency Dr. Rashid Al Leem, Chairman of the Sharjah Electricity, Water and Gas Authority (SEWA)RECs are an additional offering on the PowerSelect platform, which helps businesses efficiently source the best electricity packages across a large number of electricity retailers in Singapore. With this new service, organisations can access a wide range of RECs from local and overseas energy providers, across different renewable energy sources. Increased choices for both electricity packages and RECs translate into more competitive prices for customers.RECs are financial instruments that certify the purchase by an investor of units of electricity generated from renewable energy sources. Once the renewable energy is fed into the national power grid by the power generator, the R...
