Liberalisation of Retail Electricity Market
Since 2001, EMA has progressively opened the retail electricity market to competition to allow business consumers more options to manage their energy cost. Instead of buying from SP Group at the regulated tariff, consumers can choose to buy from a retailer at a price plan that best meet their needs.
Nationwide Rollout of the Open Electricity Market
Since 1 November 2018, the Open
Electricity Market was extended to all consumers across Singapore by zones.
Over 1.4 million households and business accounts now have the option of buying
electricity from a retailer on a price plan that best meets their needs. The
Open Electricity Market gives consumers more choice and flexibility, while
enjoying the same supply through the national power grid.
Consumers can also choose to 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.
The nationwide launch of Open Electricity
Market was rolled out progressively in four geographical zones.
||Postal Codes Starting With...
||58 - 78*
||1 November 2018
||53 - 57, 79 - 80, 82 - 83
||1 January 2019
||34 - 52, 81
||1 March 2019
||01 - 33
||1 May 2019
*Consumers with postal codes starting with 60-64 have been able to buy from a retailer since 1 April 2018.
Soft Launch of the Open Electricity Market in Jurong
Since 1 April 2018, EMA commenced the
soft launch of the Open Electricity Market, where households and businesses in Jurong
can choose to buy electricity from a retailer with a price plan that best meets
their needs. A total of 108,000 residential accounts and 9,500 business
accounts are able to exercise this choice.
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