With the cheaper electricity bills & plenty of options, users are reaping huge rewards of open electricity market singapore. Still many have not yet switched, and with a lot of players in this game now, consolidation is definitely in a pipeline. There are several benefits to the consumers, and one important criteria to assess success of the Open Electricity Market will be if it incentivizes users consumers to be prudent in the energy usage style
Earlier, there was not much choice available and pay electricity tariff that fluctuates each quarter. Even though you found this expensive, you did not have any choice to consider but just pay it off.
However, with open electricity market, it has opened the current electricity market to various competitions, pushing the local electricity suppliers to lower the rates. All retailers provide packages and plan below its tariff that means affordable rates and higher savings for every one of us.
Advantages You Reap
- The customer management systems have customized that allow users to switch very easily and select the best electricity suppliers based on the individual consumption preferences and needs
- The option for suppliers to use just one billing services, allowing single and consolidated billing for every utilities regardless of the different choices of electricity provider
- Hardware & software upgrades for delivering higher efficiency & reliable operations
Electricity retail markets have evolved to the extent where the electrical services companies provide competitive and bundled services to the users.