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

ANOTHER one bites the dust in Singapore's electricity market.

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

"It is with sadness and deep regret that Best Electricity has had to come to the painful decision to exit the retail electricity market with effect from Oct 21, after six years of operations," it said in a note to customers.