Wholesale electricity price spikes unsettle independent retailers
They come at a sensitive period given the start of the Open Electricity Market in Jurong
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PRICE spikes in the wholesale electricity market just as competition heats up in the Open Electricity Market (OEM) have left independent retailers crying foul, but power generation companies attribute the increases to unusually high demand.
The situation brings into sharp focus the need for independent retailers - who have no power generation arm - to hedge their electricity price exposure in a traditionally volatile market.
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