Open Electricity Market: At least 2 retailers ceasing operations amid rising natural gas prices

At least two out of 12 energy retailers in Singapore have confirmed that they will pull out of the Open Electricity Market. Questions remain over several other companies, amid surging natural gas prices, which have pushed up electricity tariffs. iSwitch has said that it would suspend operations in November. Media reports state that another retailer, Silvercloud Energy, is exiting the market.



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[mohan]

In HDB my bill swell from $200 to $400, we are not allow to have electrical generator or other mean of power generation, so kindly sell us at reasonable price.

[jameslim]

The government leaders and authorities should have HEDGE the electricity prices earlier.. but now the market and consumers will suffer as a result.

[mariantia]

We are now waiting for the Ema energy market authority to come out and clarify and speak what should be the remedy since they are the source of all these troubles to have so many retailer, now, slowly every retailer cannot made enough profit margin, ask the source who control the market, explain and give accountability report what is the moving forward?? 🤔 🤔

[Fifthcaptain]

Are all professors in Singapore ang mohs? Are Singaporeans too incompetent to be Professors, or do the universities in Singapore have hiring discrimination? With FICA passed, isn't it dangerous for these ang mos to 'interfere' in our lives?

[swaminathangnanasambandam]

In concept gig economy is not viable for long run, that will just make intermediary traders make money and fly away when margin hit.
Countries promoting gig economy will suffer as there is no long time commitment.

[hapuchat]

The milflover32 is china interference keep on repeating stupid controversial things 🙄