Ms Sylvia Lim: To ask the Minister for Trade and Industry what is the implementation roadmap and timeline for the full Open Electricity Market to all households islandwide.
Oral reply (to be attributed to Minister for Trade & Industry (Industry) Mr S Iswaran):
- The Open Electricity Market will commence in Jurong in April 2018, providing around 120,000 household and business accounts with the choice to buy electricity from a retailer with a price plan that best meet their needs. Those who prefer to continue buying electricity from SP Group at the regulated tariff can also continue to do so. This soft launch will allow the Energy Market Authority, SP Group and electricity retailers to gather feedback and fine-tune processes and backend systems, before the Open Electricity Market is extended to the rest of Singapore in the second half of 2018.