SINGAPORE (Mar 20): DBS on Tuesday launched the DBS Electricity Marketplace, an online service which allows all households in Jurong, namely those with postal codes 60 to 64, to seamlessly switch to other electricity retailers beginning with two options, iSwitch, a subsidiary of RCMA Group, and Keppel Corp's Keppel Electric.

This comes ahead of the April 1 soft launch of Open Electricity Market in Jurong, which comes as a pilot initiative by the Electricity Market Authority (EMA) to provide residential and small business consumers the opportunity to buy electricity from their retailer of choice.  

Based on EMA estimates, the open electricity market covers some 108,000 households and 9,500 businesses in Jurong.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook