Starting from 1 April 2018, selected residential and business consumers in Jurong will be able to choose to buy electricity from a retailer of choice or continue to buy from SP Group at the regulated tariff under the new Open Electricity Market initiative.
Consumers will also be able to compare perks, discounts and prices from 14 new electricity retailers from the new portal developed by Energy Market Authority (EMA).
A quick search from the comparison portal reveals attractive contracts between 6 to 24 months. Consumers will be able to choose from fixed prices, a percentage of discount, peak and off-peak pricing, as well as free gifts and promotions from different retailers.
Currently, the soft launch is only available to residential or business premises in Jurong with postal codes that start with 60, 61, 62, 63 or 64.
Here’s the list of 14 participating electricity retailers that consumers can buy from in the launch:
- Best Electricity Supply Pte Ltd
- Diamond Energy Merchants Pte Ltd
- Hyflux EnergyPte Ltd
- iSwitch Pte Ltd
- Keppel Electric Pte Ltd
- Ohm Energy Pte Ltd
- PacificLight Energy Pte Ltd
- Red Dot Power Pte Ltd
- Sembcorp Power Pte Ltd
- Senoko Energy Supply Pte Ltd
- Seraya Energy Pte Ltd
- Sun Electric Power Pte Ltd
- Sunseap Energy Pte Ltd
- Tuas Power Supply Pte Ltd