In October 2017, the Electricity Market Authority (EMA) first announced the Open Electricity Market (OEM) initiative in a bid to liberalise and encourage innovation in the power industry.
In May 2019, all households in Singapore are given the option to switch from the Singapore Power (SP) Group to their preferred electricity provider. Since then, Singaporeans were able to enjoy savings from their electricity bills, as 12 electricity retailers engaged in price wars to obtain market shares.
Who is the Cheapest Electricity Retailer?
Having been following the electricity retailers market since May 2019, Seedly constantly look to keep consumers up to date with the latest price changes and happenings in the electricity retailers market.
Electricity Retailers in Singapore Are Exiting the Market
Since 14 October 2021, we are starting to see electricity providers exiting the market. Several energy providers have also stopped accepting new clients.
Here’s a quick summary of events with regards to Singapore’s Open Electricity Market (OEM):...