With the energy market in Singapore set to be fully liberalised this year, households and businesses in Jurong will have the option of buying electricity from a retailer of their choice starting from April 1, 2018.
Under the Open Electricity Market initiative, about 108,000 households and 9,500 businesses in the Jurong area can either continue buying electricity from SP Group at the regulated tariff, or switch to another retailer of their choice, according to a report by Todayonline.
A spokesperson from Energy Market Authority (EMA) said that this would "provide consumers with more choices and flexibility in their electricity purchases. The amount of savings that consumers may achieve will depend on several factors including the amount of electricity they use, their consumption patterns and their preferred price plan."
Starting today, March 19, consumers can compare price plans offered by 14 retailers on http://compare.openelectricitymarket.sg.