Earn Revenue
With Demand Response
Participating in Demand Response, allows
you
to earn additional revenue and reduce
your carbon footprint
by shifting your
power usage, all at no additional cost to
you.
What is Demand Response?
Demand Response is a form of Demand Side Management
In
times of peak demand or during a power
plant failure, instead of
generating the shortfall from traditional
back-up power plants which takes time,
Demand Response is a form of energy demand
management which allows large energy
consumers to act as Virtual Power Plants
(VPPs) to temporary reduce or shift their
non-essential power usage in exchange for
payments. This will allow the power grid to
stabilise and return price stability to the
market.
Demand Response provides
additional revenue for large energy
consumers while supporting Singapore's
vision of ensuring a clean, affordable and
reliable energy future.
Save & Earn
Large energy consumers will earn money by being flexible in their electricity consumption and making the electricity load available for temporary reduction.
No Impact, No Cost
There will be no impact to your core business operations and no cost to your organization to participate in Demand Response.
Go Green, Get Paid
By participating in Demand Response, you will also be able to reduce your organization's carbon footprint and save on electricity cost by reducing your consumption.
We
at Diamond Electric, understand every
consumers is different therefore we will
analyse your needs and deploy our
suitable proprietary smart energy
management system in your premise
to monitor the electricity consumption and
opportunities for you, to earn money from
the energy market in real time, 24 hours a
day, 365 days a year.
Demand Side Management
in Singapore
Interruptible Load Scheme
The
Interruptible Load (“IL”) Scheme is a form of Demand
Response that balances the demand and supply of energy to enhance
the reliability of Singapore’s Power Grid.
The IL Scheme was introduced by Energy Market Authority
(“EMA”) in 2004 and Diamond Electric (“DE”)
is the first IL Aggregator with registered load in 2006.
In
the event of peak demand or a power plant outage, IL Participants
will temporarily reduce a portion of their energy consumption that
is flexible.
IL Participants will receive payments for their
participation, even when there are no IL Events.
Demand Response Programme
The Demand
Response (“DR”) Programme was first introduced by Energy
Market Authority (“EMA”) in 2016.
The DR
Programme is designed to incentivize the reduction in demand to
achieve lower electricity prices in the wholesale market during a
generation shortfall event when supply is tight and prices are
high.
These reductions will help to stablise the prices in
the electricity market leading to cost savings to consumers and
overall system efficiency.
DR Participants with flexible
demand, will temporarily reduce a portion of their energy
consumption during these events.
In exchange, DR Participants
will receive incentives from Diamond Electric for participation.
How Interruptible Load Scheme Works
How Demand Response Programme Works
Diamond Electric's Demand Response Success Rate
In 2006, Diamond Electric was the 1st
Aggregator in the National Electricity
Market of Singapore (NEMS) to provide Demand
Response (Interruptible Load) in the
ancillary service market. Diamond Electric
is currently the largest Aggregator of
Interruptible Load in Singapore.
We have managed more than 150
Events with 100% success
rate.
Find out how you can
start earning additional revenue now by
speaking to our experts.
Less Energy Cost, More Power Savings
Diamond Electric Pte Ltd
All Rights reserved 2023
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