September 20168 By Andrew Koscharsky, General Manager, Wholesale and Trading, iSwitch Electricity RetailS ingapore's electricity market liberalization efforts are paying off, with contestable customers now being able to choose their power supply from twice the amount of retailers as before. This increase in competition not only translates to significant cost savings, but also promotes technological advances that empower customers to measure and manage their own consumption behavior. Retailers are now forced to compete on a broader platform than just price. This fresh capital injection provides a wider platform, encompassing energy efficiency, real time data monitoring, carbon management and new energy products. About 70 Percent of Singapore's load is contestable, with the remaining 30 Percent (mainly residential) opening up to contestability sometime in 2018. Balancing Risk Management with Technology in Singapore's Energy MarketIN MY VIEWiSwitch is an Electricity Retailer, based in Singapore since 1964. It offers a different level of flexibility to achieve cost savings, reliable electricity supply and more. The RCMA Group operates in 15 locations worldwide with 240 employees.Andrew Koscharsky
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