Not everyone has been as quick as Loke in making the switch. Mrs Koh is adopting a “wait-and-see” attitude, as is her mother-in-law, who also lives in Jurong but in a separate household. “No one wants to be the guinea pig,” Koh says, adding that SPS has done a good job so far. “People trust the government more.” While electricity plans that offer discounts on tariffs may be enticing, Koh thinks that these could be just a temporary marketing ploy. She says she and her husband will only consider switching to a different retailer when more people have switched.
SINGAPORE (Apr 23): This month, Joshua Loke switched his electricity service provider. Instead of Singapore Power Services, Loke now buys electricity from Keppel Electric. He will pay about 20% less than what SPS currently charges, he says.
Loke lives in Jurong, where the Energy Market Authority has soft-launched the open electricity market. Since April 1, households and businesses whose premises have postal codes starting with 60, 61, 62, 63 or 64 can buy electricity from a retailer of their choice. The OEM will be extended to the rest of the country in 2H2018.
