A round-up of Singapore electricity market exits so far

Singapore's largest independent electricity retailer iSwitch powers down

In what marks a big blow to Singapore's liberalisation of the power sector, iSwitch Energy, the city-state's largest independent electricity retailer, has decided to bow out from retail operations from next month.

Lights dim for 3 more power retailers amid record wholesale prices

At least 3 more electricity retailers in Singapore may turn off the lights and exit operations as staggering spikes in spot electricity prices and an inability to hedge adequately sent their businesses reeling.

EMA cites high demand, gas supply curbs for sharp spikes in Singapore's spot electricity prices

The staggering spikes in Singapore's spot electricity prices in recent months are due to a confluence of factors including gas curtailment from Indonesia's West Natuna and "low landing pressure" of the gas supplied from South Sumatra, said the Energy Market Authority.

Ohm Energy is the latest to switch off on Singapore's electricity retail ops

Ohm Energy's move to throw in the towel comes two days after iSwitch Energy, Singapore's largest independent retailer, said it will cease its retail operations on Nov 11.

Union Power to drop 850 accounts; almost 150,000 customers hit so far by power retailer exits

Union power will cease some 850 retail accounts as part of a business reorganisation following exceptional increases in wholesale energy prices in the city state, however it will not exit Singapore's electricity retail market.

Why are electricity providers in Singapore exiting the scene?

Reasons include higher spot electricity and LNG prices as well as a breakdown in hedges in the futures market

Best Electricity latest to bite the dust in Singapore's hard-hit electricity market

Best Electricity has become the third electricity retailer for the residential segment in Singapore to call it quits in a week.

EMA to provide gencos standby fuel; may intervene in wholesale electricity market

EMA is working closely with all gencos to track their fuel supply levels and generating capacity and will provide standby fuel to them if their gas supplies are affected or if there is a need to ensure reliable electricity supply to Singapore consumers.