iSwitch Received Recognition at SGX Electricity Futures 2nd Anniversary Celebration
On 21st June, iSwitch attended the SGX Electricity Futures 2nd Anniversary Drinks event in celebration of one more year of successful electricity futures trading. The event was well graced by the presence of prestige guests from the industry – other electricity retailers, traders, power generators and banks. Besides invited as an attending guest, iSwitch is extremely honoured to be there to receive the award of ‘‘Top 3 Volume Contributor’’ for the Electricity Markets which was presented by Ms Janice Kan, Senior Vice President at SGX.
The Electricity Futures Market, is the first in Asia and was launched by the Energy Market Authority (EMA), in partnership with the Singapore Exchange (SGX) and the electricity industry in April 2015. It is part of ongoing efforts to enhance market competition for the benefit of consumers. Based on the experiences of countries like Australia and New Zealand, an Electricity Futures Market leads to a more efficient and competitive wholesale and retail market with long-term benefits for consumers – providing competitive pricing, more retailers and greater price transparency.
“RCMA Energy & iSwitch congratulates SGX on a very successful 2 year anniversary of the electricity futures contract. The function was a great way to get Market Participants together so we can share views and build relationships.” – Andrew Koscharsky, General Manger (Wholesale & Trading)