Category: Events

On the 3^rd October members from the Singapore Manufacturing Association and iSwitch celebrate together the eve of the Mid Autumn Festival. The iSwitch team shared insights into the current market and highlighted how businesses can easily reduce their monthly electricity bills. Guests enjoyed some of the traditional festival activities like answering lantern riddles and eating mooncakes while also learning how easy it is to switch electricity provider.

On Wednesday 17 May, members of the Singapore Semiconductor Industry Association (SSIA) attended a sharing session jointly organised with the Singapore Exchange (SGX) on how electricity futures and the liberalisation of Singapore’s electricity market can benefit the semiconductor industry. Being one of the prominent electricity retailers, iSwitch was excited to support this event as a lead sponsor and addressed to an auditorium of 100 keen attendees.

“Electricity prices unquestionably contribute to the main factor, in-depth competitive prices; iSwitch also provides value added services such as providing carbon credit, energy efficiency solutions, understanding and fulfilling customer’s needs and requirements, all these are the factors that need to be considered during the electricity procurement process”, advised by Mr. Andrew Koscharsky, General Manager, iSwitch.

Mr. Eugene Toh, Director of Policy and Planning of the Energy Market Authority (EMA) said during the panel discussion. “The initiative strives to help the Semiconductor Sector on how they procure and hedge their electricity as there are more than 20 retailers now in the market. More retailers magnify the market competition and retain electricity retail prices competitive. Companies can utilize the electricity futures prices listed in the SGX website as a benchmark to evaluate if the prices offered by the retailers are competitive which lead to a greater price transparency”.

Besides Mr Toh, we are honoured to have the following industry experts and practitioners to share their insights on the latest electricity market developments in Singapore and participate in the panel discussion.
Mr. Tan Liang Ching, Senior Vice President, Energy Market Company (EMC) talked about the Overview of National Electricity Market of Singapore (NEMS).
Mr. William Prajogo, Associate Director, Singapore Exchange (SGX) spoke about Introduction to Futures Market and Electricity Hedging.
Mr. Andrew Koscharsky, General Manager, iSwitch shared his insights on Risk Management in Electricity Trading and Procurement.
Dr. Bikal Pokharel, Principal Analyst, Wood Mackenzie updated the Outlook of Singapore Electricity Market – Towards a Fully Liberalised Market in 2018.

iSwitch has organised its first movie night date with its customers. 200 guests were among the first few to catch the charts-topping Fast & Furious 8 at The Cathay last Thursday! Before the movie, our guests networked over refreshments and drinks during the reception. Unfortunately because of the rain, some guests missed our movie date. Nonetheless, those who managed to join us had an enjoyable time. Hope to see all and those we missed at our future events and movie dates.

Here are what some of our customers have to say.

“Very good. Please hold these events more often.”

“You all (are) doing a great job, we are looking forward to the next movie night!”

“We (have) enjoyed the movie session and movie for sure. Greatly appreciated the effort and look forward to more of such sessions.”

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.

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.

Guests networking after the sharing session.

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.

(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).

Attendees networking with the industry experts during the cocktail reception.

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

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

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

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).

On 15 Sep, the Restaurant Association of Singapore and iSwitch celebrated with Mid Autumn Festival with more than a hundred F&B business owners and key personnel. iSwitch had timely shared updates on the liberalisation of Singapore’s electricity market and industry developments with the attendees as well. A food for thought that many left with from the evening – achieve significant electricity cost savings which in turn brings growth and sustainability for businesses. It was definitely a beautiful night with the bright full moon, great food and fantastic company!