The Open Electricity Market is the last phase of the liberalisation of the electricity market. It allows all residential households and businesses in Singapore to choose their electricity retailer.
All households will have the option to switch from SP to another electricity retailer.
Consumers under the Pay-As-You-Use (PAYU) metering scheme with SP Group can perform the switch after clearing all outstanding arrears owed to SP Group.
It is not compulsory for consumers to switch to a retailer.
Consumers who prefer to stay with SP Group to buy electricity at the regulated tariff can continue to do so.
However, switching to Tuas Power allows you to generate greater electricity savings with no changes to the way you are currently being billed by SP Group!