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Big boys in power market being zapped by new players

Loss of generation market share to latest entrants adds to power glut, fierce rivalry in retail business
Saturday, May 6, 2017 - 05:50

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The Tuas Power station at Tuas South. The combined market share of the three big power-generation companies - Tuas Power, Senoko Energy and YTL Power Seraya - fell by 1.3 percentage points to 57.7 per cent last year.

Singapore

THE big boys in Singapore's power sector are having it tough. New entrants are wresting away their market share in the generation of electricity.

But they are holding on strong to their share in selling to consumers, even in the face of fierce competition on that end of

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