Question

Ms Sylvia Lim: To ask the Minister for Trade and Industry whether there has been any discernible change in the proportion of household consumers buying electricity from SP Services compared to other retailers, since the exit of several retailers from the open electricity market in 2021.

Written Answer by Minister for Trade and Industry Gan Kim Yong

1. Between October and December 2021, six electricity retailers exited the open electricity market. Affected household consumers were transferred to SP Services. Some subsequently entered into new electricity plans with other retailers.

2. As at end-August 2022,  around 58% of all household consumers were on SP’s regulated tariff, compared to around 50% a year ago, before the global energy crisis started.