Freeing up Singapore's power market bittersweet for businesses
They can save on power bills but are overwhelmed by the options and volume clauses in the contracts that can subject them to penalties
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Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE's liberalisation of the electricity sector - true to its ethos - has been able to save businesses as much as 25-30 per cent in power bills, but many lament that they are confounded by the plethora of choices, be it in terms of electricity retailers or their myriad packages.
A wrong choice or misstep could in fact cost businesses - think penalties if businesses decide to opt out with a retailer before the contract is up or fail to meet certain terms such as consumption levels and so forth.
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