Before the Open Electricity Market (OEM) was launched, Singaporeans’ only option for getting access to electricity was via Singapore Power (SP Group). For many of us, it had never crossed our minds that an open market is possible. First launched in November 2018, there were, at a point in 2020, as many as 20 electricity retailers in Singapore. Today, we only have nine retailers left. For the sceptics and those who think the change is too much of a fuss, Planner Bee will be sharing what exactly is the OEM, how it benefits your household, and tips on how to save more. Energy Market Authority and Open Electricity Market The Energy Market Authority (EMA) is “the government agency that oversees Singapore’s electricity and gas sectors. EMA’s main goals are to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore.”...