A total of 18 per cent of consumers in Zone 2 estates such as Bishan, Sengkang and Punggol have chosen to buy electricity from a retailer instead of remaining with SP Group, as part of the zone-by-zone roll-out of the Open Electricity Market.
Kau Yi Ming, head of GrabRentals Singapore, says Grab drivers who switch from hybrid cars can save 40 per cent in fuel costs, while those switching from petrol cars can save 70 per cent.
Mr Ng served as CEO of YTL PowerSeraya from 2009-2013. He had steered the growth of the company to maintain its strong success, before taking on a similar role at Singapore LNG.
SP Group's high-speed electric vehicle charging points, consisting of 19 43kilowatt (kw) alternate current chargers and 19 50kw direct current chargers, are able to charge a mid-sized electric car within an hour.