RETAIL ELECTRICITY MARKET SET TO BE FURTHER LIBERALISED

Today, large non-residential consumers with an average monthly electricity consumption of 10,000 kWh or more at a single location can choose to become contestable to buy electricity at market prices. Starting 1 April 2014, more non-residential electricity consumers can look forward to becoming contestable and having greater options of purchasing their electricity. The Energy Market Authority (EMA) will further liberalise the market in two tranches:

  • Starting 1 April 2014, those with an average monthly electricity consumption of at least 8,000kWh can choose to become a contestable consumer.
  • From 1 October 2014, those with an average monthly electricity consumption of at least 4,000kWh can choose to become a contestable consumer.

In addition, non-residential consumers with multiple electricity accounts at different locations can combine their electricity consumptions to be eligible for contestability. About 11,000 additional consumers will stand to benefit from these changes.
Notification letters will be sent to all eligible consumers from May 2013 onwards. A web portal has been set up at www.mypower.com.sg to provide contestable consumers with more information.

As a next step, EMA is targeting to fully liberalise the market. This will allow the remaining 1.2 million small consumers, mainly residential consumers, to have the option to choose whether they want to remain buying at regulated tariff or switch to contestable status and buy electricity from retailers.