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Why are electricity providers in Singapore exiting the scene?
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Published Sun, Oct 17, 2021 · 09:50 PM
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Singapore
ON Oct 13, Singapore's fourth-largest electricity retailer iSwitch Energy said it would cease retail operations from next month. iSwitch had a market share of some 13 per cent of Singapore's Open Electricity Market (OEM) as at end-April this year.
Two days later, Ohm Energy also headed for the exit. At least two other retailers for the household segment are contemplating doing the same.
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