Keppel Electric leads power retail rivals to SP Services
Singapore
THE power play in Singapore's electricity retail market switched up further last year, with the incumbent SP Services losing more grip over market share, even as stalwart Keppel Electric gained ground to emerge as the largest retailer among the challengers to SP's dominance.
The National Electricity Market of Singapore (NEMS) Market Report 2018, put out by wholesale electricity market operator Energy Market Company (EMC), said that even the smallest electricity retail players - those with a market share of under 3 per cent each - grew their share of the pie amid "robust" competition. Their joint market share has grown from 1.5 per cent in 2016 to 4.1 per cent in 2017 to the current 5.3 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked