Soft Launch of Open Electricity Market in Jurong in April 2018
20 Oct 2017
Starting April 2018, households and businesses
in Jurong can choose to buy electricity from a retailer with a price plan that
best meets their needs. This soft launch of the Open Electricity Market
(previously referred to as Full Retail Competition) will provide consumers with
more choices and flexibility in their electricity purchases.
total of 108,000 household accounts and 9,500 business accounts in Jurong will
have the option of buying electricity from a retailer
of their choice, or continue buying electricity from SP Group at the regulated
tariff. Consumers involved in the soft launch will be notified by the Energy
Market Authority (EMA) in Q1 2018.
3. Mr Ng Wai
Choong, Chief Executive of EMA, said “Our main
objective of introducing the Open Electricity Market is to promote greater competition
in the electricity market. With competition, consumers stand to benefit from
competitive pricing, enhanced service standards and innovative packages from electricity
4. He added, “Consumers
can be assured that the reliability of their electricity supply will not be
affected by their choice of retailers, as they will continue to receive
electricity supply through the national power grid operated by SP Group.”
2001, EMA has progressively opened up the electricity market to
competition. This liberalisation of the electricity market aims to promote the
supply of competitively-priced electricity and allow greater consumer choice. Currently,
businesses with an average monthly electricity consumption of at least 2,000
kWh (equivalent to a monthly electricity bill of at least $400) already have
the option of buying electricity from a retailer of their choice or to remain
with SP Group.
6. The soft launch of Open Electricity Market will allow EMA, SP Group and
electricity retailers to gather feedback and fine-tune processes where necessary,
to enhance the consumer experience of buying electricity in a competitive
market. We will extend this choice and
flexibility to consumers in the rest of Singapore in the second half of 2018.
This will involve 1.3 million accounts, mainly households. EMA will also be
developing an online information platform to help consumers easily compare the
standard price plans by different retailers.
7. More information on the Open
Electricity Market can be found on EMA’s website at www.ema.gov.sg.
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