Gone are the days that everyone just stick to SP Power for our electricity consumption. Starting 1 Nov 2018, we can start choosing our own (Open Electricity Market) OEM plans as it will be extended to all consumers across Singapore by zones.
What is the Open Electricity Market (OEM)?According to Openelectricitymarket.sg, Open Electricity Market will give consumers more choice and flexibility, while enjoying the same supply through the national power grid.
It is the same concept behind like the Telcos. In the not-so-distant past, Singapore can only sign up mobile plans with Singtel. After the government opens up the Telco market for competition, we see M1 and Starhub coming in; not to mention the incumbent 4th Telco too.
Why You Need to Change Your OEM Plan?Because its definitely going to be cheaper!
Under the OEM, consumers can now shop for electricity plans from a wide range of electricity retailers.
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