Jurong residents may enjoy 1 month free electricity under Open Electricity Market

Today Online 22 Mar 18;

SINGAPORE — Those living in Jurong who are thinking of switching their electricity retailer may now be able to enjoy free electricity for a month.

In a media statement on Thursday (March 22), Tuas Power Supply said the first 1,000 customers who sign up for its three-month trial will get free electricity for the first month.

“There is always an inertia in a newly open market; hence in order to save the hassle for consumers who want to benefit savings from the opening, we are offering a free trial for consumers to try our services whilst enjoying the savings in their electricity bills as early as possible,” said Tuas Power Supply General Manager Michael Wong.

“There is no need to commit to a 12 or 24 months contract.”

The company added that in partnering with SP services for the billing of its services, it is able to “provide its customers with a seamless and convenient experience because customers (can) continue to pay for their electricity via the same single SP bill together with other utilities”.

Since 2001, the Energy Market Authority (EMA) has been progressively opening up the electricity market to promote greater competition by giving consumers the choice and flexibility to buy electricity from retailers.

Under the soft launch of the Open Electricity Market initiative starting April 1, about 108,000 household and 9,500 business accounts in Jurong will have the option of buying electricity from 14 retailers, or continue buying electricity from SP Group at the regulated tariff.

The rest of Singapore will have the option in the second half of 2018, the EMA announced earlier in the week.

Tuas Power supply will be at several roadshows in Jurong to explain its different electricity plans directly to consumers.

*CORRECTION: In the headline of a previous version of this story, we referred to the full liberalisation of the electricity market as Open Energy Market. This is incorrect. The term should be Open Electricity Market. We are sorry for the error.

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