Telco and solar energy firm partner to enter Singapore’s Open Electricity Market
Today one of Singapore's leading telcos, StarHub and Singapore-based sustainable energy firm, Sunseap, revealed a partnership to enter Singapore’s Open Electricity Market which is being launched in April. This partnership will enable households to adopt solar power without the hassle of owning or installing solar panels.
Sunseap Group is the largest clean energy solutions provider in Singapore, and it harvests solar energy from rooftop solar systems across more than 1,000 buildings in Singapore, including public housing estates, as well as commercial and industrial buildings, which convert sunlight into solar energy.
Last year, the Energy Market Authority (EMA) of Singapore announced the soft launch of the Open Electricity Market in Jurong to provide consumers with more choices and flexibility in their electricity purchases. This will culminate in the full liberalisation of the retail electricity market in the second half of 2018, extending the choice of electricity retailer to consumers in the rest of Singapore.
Consumers will be free to choose their desired electricity retailers according to their usage patterns and the prices offered. Switching electricity retailers is expected to be seamless in the open market.
As part of this joint operation, StarHub and Sunseap are collaborating on a range of activities, including customer service, billing and sales, to ensure a hassle-free experience for households. The two companies are also exploring opportunities in smart energy and Internet of Things (IoT) solutions to bring continued benefits to customers.
To promote clean energy use, 5% of StarHub’s profits out of this business in the first three years will be channelled into the StarHub Clean Energy Fund. The fund will be used to drive environmental conservation initiatives including clean energy and efficiencies.
Starting next month, StarHub and Sunseap will offer customers a choice of two clean energy subscription plans named Green Life and Green Save.
The first plan named Green Life is a 100% clean energy plan tailored to meet the needs of environmentally conscious customers. Customers on the Green Life plan will receive electricity fully produced by Sunseap’s solar systems at no additional cost. Electricity will be charged at the usual regulated electricity tariff.
The second plan, Green Save, allows customers to take a step towards becoming more environment-friendly while enjoying some savings. With this plan, customers will receive 5% clean energy and enjoy 20% discount off the regulated tariff.
“Working together with Sunseap, we are excited to offer households a compelling way to live a lower carbon footprint lifestyle using the Sun’s energy. Leveraging each other’s expertise, we will bundle essential services from mobile, pay TV, broadband and electricity in attractive packages for customers, who are becoming more environmentally-aware;” said Mr Howie Lau, Chief Marketing Officer, StarHub. “Clean energy has been gaining ground in Singapore and we hope to further energise this green movement with the launch of our StarHub Clean Energy Fund.”
Mr Frank Phuan, Co-Founder and Chief Executive Officer, Sunseap Group, said: “We are pleased to be in a joint operation with StarHub to help residents in Singapore go green. This will make it easy for both existing and potential StarHub customers to switch to solar energy without any break in their regular electricity service. As the leading sustainable energy provider in Singapore, Sunseap is committed to helping consumers do their part to lower global warming emissions, which we believe is one of the most urgent challenges of the 21st century.”