Five players have called it a day in Singapore's retail electricity market for big businesses amid fierce competition triggered by a phased liberalisation of the sector - a process completed only this month, with all residential households in the fold as well
HDB flats in Toa Payoh taken at night. Consumers are now able to buy electricity from a retailer of their choice.
For the period from 1 April to 30 June 2019, electricity tariffs (before 7% GST) will decrease by an average of 4.7%
The power play in Singapore's electricity retail market switched up further last year, with the incumbent SP Services losing more grip over market share, even as stalwart Keppel Electric gained ground to emerge as the largest retailer among the challengers to SP's dominance.