How Will the Singaporeans be Able to Choose Electricity Supplier and how It Works?

1. How Will the Singaporeans be Able to Choose Electricity Supplier and how It Works? Recently the news stated that customers in Singapore will be able to choose their electricity retailers from November as a part of the open electricity market which was launched in April. It is expected that by May 2019, around 1.4 million more household accounts will get the freedom to buy electricity from 12 different retailers. The initiative is a nationwide launch which will be rolled out in four stages based on postal codes. Codes that begin with numbers 58 to 78 will be the first one to choose on November 1, followed by the number 53 to 57, 79 and 80, and 82 to 83 on January 1. Postal codes that begin with the numbers 34 to 52 and 81 will be able to choose from March 1. The last codes to choose are 01 to 33 from 1st May. This will enable the homeowners across Singapore to compare electricity retailersand pick the best one. Before the roll-out, which is expected to impact 350000 accounts during each phase, consumers will receive a notification package and informative booklet. The zonal roll-out was planned strategically so that the retailers and authorities would be able to focus their resources and fix the issues cropping up. You can compare electricity retailers, their plans, and service benefits and make the switch at your convenience as there is no deadline for households to make the big switch. Once you are done choosing the retailer from an electricity comparison website, it is time to sign up. Here’s a look at how you can sign up to switch power suppliers: - Read the notification package carefully along with the informative booklet which you will receive before the roll-out comes to your area. Shop around and check the price plans various retailers have to offer using the price comparison tool. Contact your preferred retailer for the details on price plan and go through the contract diligently. Sign up with the retailer of your choice who will work with SP Group to make the switch for you. The contract will begin as early as five business days once your retailer informs SP Group to make the switch. - - - The opportunity of choice and flexibility to customers helps them in saving an average of 20% from the electricity bill. It is expected that all of Singapore will benefit from competitive pricing and innovative offers. Explore the web for more information and suggestions on how the electricity comparison website works and assists in finding a better power plan for you.