Cheaper, cleaner electricity for households on the cards for Singapore
Customers can also buy clean energy through a mobile app
By Tan Weizhen
Singapore’s largest renewable energy provider plans to shake things up when the energy market becomes fully liberalised next year, by offering households prices that are 15 to 30 per cent cheaper than current rates.
Consumers can also buy clean energy with a touch of their fingertips using a mobile app, which will allow them to track their carbon footprint.
Sunseap, which has already snagged several big solar-leasing contracts — including with technology giant Apple and the Housing and Development Board (HDB) — is among a growing number of licensed electricity retailers that have entered the fray in recent years, in anticipation of the government’s move to fully open up the market in the second half of 2018 — which will allow another 1.3 million consumers, mainly households, to have flexibility and choice in their electricity consumption. The market has been gradually liberalised over the years with the contestability threshold lowered in phases, but households have not been brought on board so far.
Sharing its plans with TODAY recently, Sunseap managing director Frank Phuan said the homegrown company will offer a variety of price plans to suit households of varying sizes and energy needs.
“Just like a telco plan with talktime minutes, we will offer ... for instance a two-year plan, with a set amount of energy units according to your needs. If households can’t finish these units, it could be rolled over to the following month,” said Mr Phuan.