Proportion of Household Consumers Buying Electricity from SP Services Since Exit of Other Electricity Market Retailers

Debated in Parliament on 4 Oct 2022.

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Sylvia Lim asked whether there has been a change in the proportion of household consumers buying electricity from SP Services compared to other retailers since the exit of several electricity retailers in 2021.
Gan Kim Yong stated that six electricity retailers exited the market between October and December 2021, leading affected households to be transferred to SP Services, with some later switching to other retailers.
As of end-August 2022, around 58% of household consumers were on SP Services' regulated tariff, compared to about 50% a year earlier before the global energy crisis.

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Sylvia Lim

Ms Sylvia Lim asked 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.

Gan Kim Yong

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.

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

Summary written by AI (learn more)

Sylvia Lim asked whether there has been a change in the proportion of household consumers buying electricity from SP Services compared to other retailers since the exit of several electricity retailers in 2021.
Gan Kim Yong stated that six electricity retailers exited the market between October and December 2021, leading affected households to be transferred to SP Services, with some later switching to other retailers.
As of end-August 2022, around 58% of household consumers were on SP Services' regulated tariff, compared to about 50% a year earlier before the global energy crisis.

Questions identified by AI (learn more)

Proportion of Household Consumers Buying Electricity from SP Services Since Exit of Other Electricity Market Retailers | PAPERCUTS

Proportion of Household Consumers Buying Electricity from SP Services Since Exit of Other Electricity Market Retailers

Debated in Parliament on 4 Oct 2022.

Summary written by AI (learn more)

Sylvia Lim asked whether there has been a change in the proportion of household consumers buying electricity from SP Services compared to other retailers since the exit of several electricity retailers in 2021.
Gan Kim Yong stated that six electricity retailers exited the market between October and December 2021, leading affected households to be transferred to SP Services, with some later switching to other retailers.
As of end-August 2022, around 58% of household consumers were on SP Services' regulated tariff, compared to about 50% a year earlier before the global energy crisis.

Questions identified by AI (learn more)

Full Transcript

Sylvia Lim

Gan Kim Yong

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

Summary written by AI (learn more)

Sylvia Lim asked whether there has been a change in the proportion of household consumers buying electricity from SP Services compared to other retailers since the exit of several electricity retailers in 2021.
Gan Kim Yong stated that six electricity retailers exited the market between October and December 2021, leading affected households to be transferred to SP Services, with some later switching to other retailers.
As of end-August 2022, around 58% of household consumers were on SP Services' regulated tariff, compared to about 50% a year earlier before the global energy crisis.

Questions identified by AI (learn more)

Proportion of Household Consumers Buying Electricity from SP Services Since Exit of Other Electricity Market Retailers

Summary

Questions Identified

Full Transcript

Sylvia Lim

Gan Kim Yong

Summary

Questions Identified

Proportion of Household Consumers Buying Electricity from SP Services Since Exit of Other Electricity Market Retailers

Summary

Questions Identified

Full Transcript

Sylvia Lim

Gan Kim Yong

Summary

Questions Identified