New-Electricity-Retailer

New Electricity Retailer – iSwitch Helps to Lower Your Business Costs

Electricity Market News
Singapore Manufacturing Federation
Connect Magazine
Issue 3 2016
Industry Focus
Published Oct 2016

Electricity consumption is inevitable when operating a business; it is definitely an area that any management would be looking into towards cost reduction. And that is iSwitch’s goal: to help businesses reduce on their energy costs.

Stacy Gan, Sales Manager at iSwitch said, “While a company can adopt energy-saving methods to reduce energy consumption, there are also alternative and more competitive pricing options available in the market to reduce cost more effectively. We are proud to be working with SMF to offer low cost electricity plans.” Read more

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SMF Awards & 84th Anniversary Dinner 2016

On Thursday 13 Oct, Singapore Manufacturing Federation (SMF) held its annual keynote event – SMF Awards & 84th Anniversary Dinner at The Ritz Carlton, Millenia Singapore. Guest-of-Honour, Mr S. Iswaran, Minister for Trade & Industry (Industry), graced the function with close to 800 guests from various government agencies, embassies, and the business community. The awards, which were given out during the evening, aim to recognise companies for their outstanding achievements in business growth, innovative business model and collaborative partnership.

Minister S. Iswaran shared one key message – Singapore companies must be ready to adopt the latest manufacturing technologies and business models in order to stay relevant and ensure future competitiveness in the manufacturing industry. It is timely to seize the opportunity where the pace of technological evolution is transforming the global manufacturing environment.

As one of the Gold Sponsors, iSwitch had the opportunity to share with the guests about leveraging on electricity cost savings to help bring about development growth and sustainability for their businesses.

It was definitely another successful and well organised event that SMF has awed the guests with.

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Mr. S. Iswaran (Minister for Trade & Industry (Industry)) visiting iSwitch exhibition booth.
(From left) Mr. Sunny Koh (PBM Deputy President & Managing Director of Chinatown Food Corporation), Mr. Chris Pardey (Chief Executive Officer of RCMA Group), Mr. Douglas Foo (SMF Chairman & Chief Executive Officer of Sakae Holdings), Mr. David Maher (Managing Director of iSwitch), Ms. Stacy Gan (Sales Manager of iSwitch), Mr. Senthil Kumar (General Manager, Electricity Retail of iSwitch)

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Exchanging thoughts on the developments and growth of Singapore’s electricity market – Mr. S. Iswaran (Minister for Trade & Industry (Industry)), together with Mr. Douglas Foo (SMF Chairman & Chief Executive Officer of Sakae Holdings), Mr. Chris Pardey (Chief Executive Officer of RCMA Group) and Mr. Sunny Koh (PBM Deputy President & Managing Director of Chinatown Food Corporation).

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Mr. Andrew Koscharsky (General Manager of iSwitch) shared his insights on the electricity market in Singapore with Mr. S. Iswaran (Minister for Trade & Industry (Industry)) and Mr. Douglas Foo (SMF Chairman & Chief Executive Officer of Sakae Holdings).

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Networking during the cocktail reception, iSwitch gets to share with the guests on how to achieve significant electricity cost savings.

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iSwitch team at the SMF Awards & 84th Anniversary Dinner.

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Cocktail reception before the SMF Awards & 84th Anniversary dinner begins.

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Close to 800 guests from various government agencies, embassies and business community attended the function.

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iSwitch Partners with Reuters and SGX for Industry’s First Ever Insightful Seminar

iSwitch Partners with Reuters and SGX for Industry’s First Ever Insightful Seminar
Learn How to Adapt to Changes in Singapore’s Electricity Landscape

On Friday 7 Oct, in partnership with Thomson Reuters and the Singapore Exchange (SGX), iSwitch invited the Energy Market Authority (EMA) and Wood Mackenzie to share their insights at this industry’s first ever seminar. Despite the rain, close to 100 attendees turned up at the Thomson Reuters Auditorium at One Raffles Quay.

There have been significant changes in the local electricity market for Traders and also Consumers. Regardless of where you sit in the chain, these changes provide opportunities to maximise trading profits and take advantage of the electricity market liberalisation for cost savings. This initiative strives to help consumers manage business costs, while analysing market risks through technology. Although iSwitch is one of the newest but fastest growing entrants in the electricity market, we are geared up towards educating the consumers on the options available and empowering them to make well informed decisions.

“Singapore Exchange (SGX) successfully launched the electricity futures market which provides market participants, including generators, retailers, consumers and traders, with a strategic platform to manage price risk and benefit from better forward price discovery and transparency. SGX welcomes the active role that iSwitch has played in promoting the electricity futures product and raising awareness amongst consumers about their choices in purchasing electricity,” commented, William Prajogo, Associate Director, Oil, Power & Gas Derivatives, Singapore Exchange. Mr Prajogo spoke about Singapore’s electricity futures market at the seminar.

It was our honour to have other industry experts with us at the seminar to share their insights.

Mr Henning Gloystein, Energy Editor, Asia & Deputy Editor in Charge, Asia Commodities of Thomson Reuters, talked about the successes and failures of the European energy market.

Mr Andrew Koscharsky, General Manager of iSwitch, shared his thoughts on managing risks in the trading and procurement of electricity in Singapore.

Ms Kerry-Anne Shanks, Head of Asia Pacific LNG Research of Wood Mackenzie, updated the attendees on developments of Asia Pacific Liquefied Natural Gas (LNG).

We are also privileged to have Mr Eugene Toh, Director of Policy and Planning of the Energy Market Authority (EMA) joining us on the panel for discussion.

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Guests networking after the sharing session.

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Mr. Matthew Jones (Engie, Power Trader), with Mr. William Prajogo (SGX, Associate Director, Oil, Power & Gas Derivatives). Mr Prajogo spoke about electricity futures in Singapore.

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(From left to right) Mr. Andrew Koscharsky (iSwitch, General Manager, Wholesale & Trading) with guests Mr. Dalton Yap (Telekomunikasi Indonesia International, Senior Product Manager), Mr. Philippe Didelle (ST Microelectronics Asia Pacific, Head of Procurement APAC) and Mr. HM Lee (ST Microelectronics Asia Pacific, Procurement Manager).

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Attendees networking with the industry experts during the cocktail reception.

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Close to 100 attendees from various industries and key businesses showed up at the seminar.

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Mr. Andrew Koscharsky (iSwitch, General Manager, Wholesale & Trading) shared on managing risks in the trading and procurement of electricity.

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Panel discussion during the Q&A session with the attendees.

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Our honour to have Mr. Eugene Toh joining the panel for discussion.
(From left to right) Mr. Andrew Koscharsky (iSwitch, General Manager, Wholesale & Trading), Mr. Eugene Toh (Energy Market Authority, Director of Policy and Planning), and Mr. David Maher (iSwitch, Managing Director).