Singapore’s EMA expands open electricity market

The Energy Market Authority (EMA) has announced plans to expand the ambit of the open electricity market in Singapore to include all consumers zone by zone, starting November 1, 2018. The move will enable about 1.4 million customers to buy electricity from the electricity retailer of their choice out of the 12 different retailers that are operating in the country. This is an expansion of the open electricity market launched in Jurong, in April 2018, covering 120,000 household and business customers, of which more than 30 per cent switched to a different supplier. Currently, there is no deadline for switching to another supplier and it is not compulsory for households to do so. The EMA has been progressively opening up the electricity market since 2001.

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