City view Singapore by night (Photo by Aleksandra Pachecka from Shutterstock.com).

The Open Electricity Market (OEM) will be extended to all consumers across Singapore by zones starting from 1 November 2018.

In a press release on Friday (21 September), Energy Market Authority (EMA) stated that about 1.4 million household and business accounts, comprising about 1.3 million household accounts and 67,000 business accounts, will have the option of buying electricity from a retailer on a price plan that best meets their needs.

The authority noted that OEM gives consumers more choice and flexibility when buying electricity, while being provided with the same electricity supply through the national power grid.

Consumers can buy electricity from any of the 12 authorised retailers, which are Best Electricity Pte Ltd, Environmental Solutions (Asia) Pte Ltd, Geneco (by Seraya), ISwitch Pte Ltd, Keppel Electric Pte Ltd, Ohm Energy Pte Ltd, PacificLight Energy Pte Ltd, Sembcorp Power Pte Ltd, Senoko Energy Pte Ltd, SingNet Pte Ltd, Tuas Power Supply Pte Ltd, and Union Power Pte Ltd.

Alternatively, members of the public can remain with SP Group and buy electricity at the regulated tariff, and no further action is needed on their part.

It is not compulsory to switch to a retailer and there is no deadline for switching, EMA noted.

The authority stressed that the zonal rollout will allow the Energy Market Authority (EMA) and the retailers to provide a better consumer experience.

EMA and electricity retailers will be better able to focus efforts on engaging and educating consumers, and help them understand their options before making a decision, it added.

Prior to each zonal rollout, consumers will receive a notification package and information booklet. Members of the public can also visit price comparison tools to help consumers compare the standard price plans offered by retailers.

The authority noted that the soft launch of OEM in Jurong in April 2018 – involving about 120,000 household and business accounts – has been well-received.

“Jurong residents benefitted from more choices and flexibility. Those who switched paid an electricity rate which was on average about 20% lower than the regulated tariff. We now hope to bring the benefits of competitive pricing and innovative offers to the rest of Singapore,” said Mr Ngiam Shih Chun, Chief Executive of EMA.

Since 2001, EMA noted that it has progressively opened up the electricity market to competition, starting with larger businesses with higher electricity consumption. OEM is the final phase where about 1.4 million accounts, mainly households, will get to enjoy the same options and benefits. Visit Open Electricity Market website for more information on OEM.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
You May Also Like

【冠状病毒19】7月4日新增185确诊 九社区病例

根据卫生部文告,截至本月4日中午12时,本地新增185例冠状病毒19确诊。其中有四名确诊者是本地公民或永久居民。 本地新增九例社区病例,五例是工作证件持有者。而大部分新增病患为住宿舍客工。此外,再有一例入境病例。 本地累计确诊病例已增至4万4664例。

Yale-NUS College student is all praise for renowned Singapore historian Dr Hong Lysa for her years of “invaluable contributions” in Singapore’s past

On Tuesday (10 September), NUS-Yale sophomore Faris Joraimi took to his Facebook…

How to relax? The people’s story of the public transport

On 20 July 2011, The Online Citizen (TOC) put out a call…

2020大选应考量的长期议题

昨日(20日),在接受彭博社采访时,贸工部长陈振声透露,国会必须在明年1月解散,也就是本届政府的第一个国会议事的五年后。 “我们希望在时机出现时,能获得强大的委托,这是因为未来几年我们将面的挑战,将是整个世代人们的挑战。”他也相信人民看待政府表现的智慧,不会着眼在特定事件,而是看长远。 对此,工人党前非选区议员余振忠认同,固然不能以单一事件来评估整体表现,但部长们也承认,他们理应在对应客工群体疫情爆发,能做得更好。 余振忠也指出,客工议题本就是长期议题。早在2013年人口白皮书,人民就已表达强烈观点;2013年的小印度骚乱,再次把客工议题搬上台面。当时政府就下达禁酒令;2015年出台《外籍雇员宿舍法》。 然而三届人力部长过去了,法案中一些关键部分仍未落实,包括委任专员监督大型客工宿舍的安全、健康等议题。 “感谢后港区议员方荣发提问,我们现在知道每年有近半客工宿舍经营者涉及违规。”然而,现在国人却要付出巨大代价,来把客工宿舍疫情控制下来。政府早前也宣布,政府将协助这些经营者,承担疫情下增加的额外成本。 余振忠也提及,包括已故建国总理李光耀和已故吴庆瑞博士,都反对增加人口中的客工数量,原因包括本岛空间难以应付行动党所需的大量劳动力,以及对文化和社会的负面影响等。过度仰赖廉价客工,也可能扼杀企业创新精神。 吴庆瑞博士更曾警告,若新加坡过于仰赖外籍廉价劳工,新加坡的增长总有一天会终止。这些都是必须认真看待的长期议题。而疫情大爆发,正好曝露了我国对客工过度依赖、客工居住在租金过高、但却贫乏拥挤的环境中。 “是的,在即将到来的大选,确实存在新加坡人应关注的长期议题。有鉴于我们是在应对过度依赖廉价客工,以及其他发展至上的问题,这可能是一整个世代人都需面对的挑战。”