Keppel Electric, Geneco, iSwitch top choices in power switch by consumers
Electricity retailers have been courting residential customers with freebies, tie-ups and competitive price plans
Add BT as a preferred source
Singapore
OVER a year since Singapore opened its electricity market to some 1.4 million residential consumers and sparked a bruising competition among over 10 players, four out of 10 households have been convinced, switching over to a new electricity retailer and ditching incumbent SP Services.
This 40 per cent of households who hadn't resisted change in the city-state's liberalised energy sector under the Open Electricity Market (OEM) plan and grabbed the chance to switch over to a new retailer are also enjoying the sweet payoffs of a 20-30 per cent cheaper power bill.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
