The Energy Market Authority’s (EMA) pilot Intelligent Energy System (IES) will have a budget of $30 million.
The pilot project will be funded by the Government and Singapore Power.
It will involve around 4,500 customers in various residential, commercial and industrial locations, including the Nanyang Technological University campus, the CleanTech Park at Jalan Bahar and the Punggol Eco-Precinct.
EMA said this is an important step towards a smarter power grid, which will provide consumers with more information, choice and control over their electricity usage.
EMA said the IES pilot will be conducted in two phases.
Phase 1, which will be conducted from 2010 to 2012, will focus on the implementation of the enabling infrastructure for the IES like establishing the smart metering communication protocols and standards.
This will be done by leveraging on the Next Generation National Broadband Network and other communication platforms.
EMA added that Phase 2, which will be conducted from 2012 to 2013, will focus on the smart grid applications.
Customers with the smart meters installed in their premises will be able to experience the benefits of the IES through various services offered by the electricity retailers.
Residential customers will be able to monitor their energy consumption on a real-time basis with convenient in-home display devices.
They can also choose from a range of electricity pricing plans, thus allowing them to better manage their consumption and budgets, for example, by shifting their usage from peak to off-peak periods when electricity prices are lowest.
