announced that they will cease operations following a surge in global wholesale gas prices.
Both companies were among Singapore 12 retailers under the Open Energy Market, under which consumers have the choice of buying electricity from SP Group at the regulated tariff, or from electricity retailers at a price plan that suits their needs.said on Monday that it is dropping 850 mainly commercial accounts amid high energy prices.
Amid the global energy crunch, Singapore’s Energy Market Authority announced earlier on Tuesday that it is taking pre-emptive steps to safeguard the country’s supplies. These include setting up standby fuel facilities for power generation companies to draw upon to generate electricity if needed. Calling the steps “extraordinary but necessary”, EMA said it will continue to monitor developments and introduce further measures if needed.
Complete waste of time