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The Open Electricity Market
As of 2020, the Singapore Open Electricity Market has already been around for several years. It is an effort to increase competition in country’s electricity market by allowing third party retailers to enter the market and sell electricity to Singaporean households and businesses - breaking up what was before that a monopoly run by the venerable
SP Group, a government-owned company.
These days, besides SP Group, there are a raft of other retailers where Singaporean homeowners can buy their electricity from....
