Households and businesses will stand to benefit from more advanced energy management systems and dynamic pricing plans that will help reduce their energy costs.
The government will increase competition in the electricity retail market, by lowering the contestability threshold for Commercial and Industrial (C&I) consumers.
The threshold will go down from the current 10MWh to 4MWh by October next year.
Minister in Prime Minister’s Office S Iswaran said in Parliament when fully implemented, small and medium enterprises (SMEs) across all sectors will benefit.
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