HELPING BUSINESSES REDUCE THEIR ELECTRICITY BILLS

Dialogue in session: With Soh Sai Bor (left) and Yeo Yek Seng from EMA; moderator Goh Swee Chen from Shell Eastern Petroleum (Singapore); and Andrew Loke from Jason Holdings Ltd (far right).

Some 280 companies turned up at EMA’s seminar to learn how to manage their energy costs. Sam Tay from St Andrew’s Nursing Home felt the seminar was “informative and useful… Right after the session, I contacted various energy retailers and am currently in talks with them on a provision of proposal for my establishment to switch over to enjoy savings”.

Currently, commercial and industrial (C&I) consumers with an average monthly electricity consumption of at least 4,000 kWh have the option to source and buy electricity at competitive rates from retailers of their choice, as alternatives to the regulated tariff. Come 1 July, the threshold will be further lowered to 2,000 kWh to enable 10,000 more C&I consumers to enjoy the same flexibility and choice.

Another participant, Jocelyn Tan of Green Koncepts, said “the liberalisation of the retail market has definitely opened up opportunities for SMEs to enjoy greater cost savings with more competitively-priced electricity packages”.

If attendance is any indication of interest, this year’s turnout of 280 companies trumps last year’s gathering of 230 companies.