In other words, SP Group buys electricity in bulk from the power generation companies on behalf of Singapore households. The electricity generated is then transmitted from the power plants and distributed across the island on the national power grid, which is also operated by SP Group. Retailers, including SP Group, then buy electricity in bulk from the wholesale electricity market to supply to consumers. In order to understand what an electricity retailer is, we first need to understand how electricity is produced and sold in Singapore. The Singapore energy market has always been an ecosystem made up of multiple players.Įverything starts with the electricity produced by power plants, which are owned and operated by power generation companies. Every half an hour, these power generation companies bid for contracts to generate and sell specified quantities of power on the wholesale electricity market. Read Also: What Happens When You Need To Change Your Open Electricity Market (OEM) Retailer 5-Minute Explanation: How Electricity Is Produced And Sold In Singapore Most of the other retailers have also since cut down their product offerings significantly.
Best Electricity Supply and Diamond Electric have also stopped accepting new customers. In 2021, two retailers have exited the market, namely, iSwitch Energy and Ohm Energy. However, with electricity prices expected to increase due to the doubling of fuel prices, there may be an additional incentive to switch now.įor those of us considering to switch or renewing our plans, here is an overview of the choices available so you can make the best choice for your needs – whether that’s for your new home, or your existing OEM contract expiring and you’re wondering what are the available plans right now. Apnea-Sat Alert™ measuring apneas per hour and Oxygen Desaturation Index values to identify and quantify apneas and oxygen desaturation events.Since the launch of the Open Electricity Market (OEM) in 2018, about half of Singaporean households have switched to electricity retailers.įor the half who have not, these households have been paying the tariff rate over the past 2 years – and will likely continue to do so for the foreseeable, since neither incentives, educational outreach, nor the lack of major issues for OEM customers has seemed to convince them to make the switch.Smart Alarm for Respiratory Analysis™ (SARA), to recognize and reduce nuisance alarms, promoting caregiver alarm vigilance.Smart Breath Detection™ Algorithm (Smart BDA), mitigating the effects of artifact, enabling quality monitoring for non-intubated general floor patients.Integrated Pulmonary Index™ (IPI), measuring adequacy of ventilation and oxygenation.