s 13 Revocation or suspension of electricity licence
13.—(1) Subsection (2) applies if the Authority is satisfied that —(a) an electricity licensee has gone into compulsory liquidation or voluntary liquidation other than for the purpose of amalgamation or reconstruction; (b) any circumstance specified in an electricity licence that gives rise to the Authority’s power to revoke or suspend the licence exists; (c) an electricity licensee has not complied with any direction or requirement issued by the Authority under section 14; (d) an electricity licensee is no longer in a position to operate in conformity with this Act or the terms and conditions of its electricity licence; or (e) the public interest or security of Singapore requires. (2) The Authority may, by written notice and without any compensation —(a) revoke an electricity licence or suspend an electricity licence for such period as the Authority thinks fit; and (b) in the case of subsection (1)(b) or (c), require the payment of a financial penalty, in addition to the imposition of any sanction under section 14, of an amount not exceeding 10% of the annual turnover of that part of an electricity licensee’s business in respect of which the licensee holds a licence, ascertained from the licensee’s latest audited accounts, or an amount not exceeding $1 million, whichever is higher.