Tag Archive: Singapores
What You Need To Know About Singapore’s Open Electricity Market
After a positive
reception during its soft launch, Singapore’s Open Electricity Market (OEM) has
slowly expanded its operations to different areas of the country since November
2018. Instead of taking advantage of what the OEM has to offer, some businesses
and homeowners may have questions regarding it.
Discount off tariffs? Fixed price plans? If terms like these seems foreign to
you, this post serves as a short guide that will walk you through different important
aspects of the OEM.
Open Electricity Market
Flexibility and choice is the name of the game. With the introduction of
the OEM, anybody is able to select who they would want to purchase electricity
from – out of 13 licensed retailers. Previously, households and businesses
would buy electricity only from SP Group, at a tariff regulated by them and reviewed
on a quarterly basis.
These retailers in the market provide new and attractive offers, incentives …