It’s time to usher in the prosperous Year of the Rat and all the festivities galore you can look forward to!
Chinese New Year is the time for family reunions, and you probably spend the bulk of time at your relatives’ homes. Playing mahjong and munching on CNY goodies may be a whole load of fun, but socializing with your loved ones doesn’t have to be limited to the indoors.
It’s been an exciting ride at the old iSwitch office, seeing the growth of the iSwitch family from a 3 personnel squad to a 66 member team, with every member dedicated to helping our customers save and our company grow.
Singapore
7 October 2019
We have moved!
We are proud to announce that we have moved to a new office location, to accommodate our company growth.
I Switch Pte Ltd (“iSwitch”) registered office address is:
120 Robinson Road
#14-01 Singapore 068913
Our phone number will remain the same as +65 6955 9900.
iSwitch is looking forward to continuing to serve our customers and partners as we enter this exciting new chapter.
Held on the 26th of June 2019, Jade Energy (iSwitch’s parent company) won the ‘Top 3 Volume Contributor Award’ for SGX Electricity Futures Trading during the annual SGX Electricity and Petrochemical Awards.
Winning the award for 4 years in a row since the Electricity Futures market began back in 2015, iSwitch’s trading team has once again reiterated their commitment to contributing to Singapore’s electricity market in both the physical retail supply and derivative trading.
iSwitch has grown from strength to strength in the Singapore retail and commercial electricity market. Since the launch of Singapore’s Open Electricity Market back in April 2018, over 75,000 households have chosen iSwitch as their preferred retailer.
With strategic partnerships with local brands and innovative digital marketing initiatives, we are consistently looking to reach out and provide increasing value to customers old and new.
With the physical electricity supply growing, iSwitch via its parent company, Jade Energy, is expected to maintain a high presence in order to hedge the exposure from their growing retail and commercial customers.
For almost 4 years and counting, the iSwitch trading team have been market makers in the Singapore Electricity Futures market, providing liquidity to facilitate the trading of over-the-counter (OTC) electricity products.
This also allows iSwitch to access optimal hedging opportunities in real-time to provide stable and competitive pricing for our customers.
As the Electricity Futures market grows and matures, an increasing amount of international energy traders and institutions are participating, causing trading volumes to reach record highs.
This is thanks to the strong framework laid out by SGX as well as the ample liquidity from market makers.
As part of our continuing strong belief in renewable energy and environmental sustainability, we have been taking strides in cementing our position as Singapore’s biggest green energy retailer.
Apart from helping organisations such as Hotel Vagabond and Dulwich College become 100% carbon neutral, all of our residential price plans are green – allowing our residential customers to enjoy green electricity at no additional cost.
With our recent partnership with ES Power, we are pleased to supply even more green electricity solutions to Singaporean businesses and households.
Drawing from our rich heritage that dates back to 1964, we are part of the RCMA group – a global trading house with an annual turnover in excess of US$1 billion.
This allows iSwitch to leverage on a wealth of expertise, experience and financial resources allowing us to be both stable in our trading business model and agile to provide our customers with the best competitive price plans possible.
As Singapore’s electricity market matures with residents getting savvier with regards to their options and needs, iSwitch will continue to be at the forefront of creating innovative products to suit their lifestyles.
On the derivatives front, Andrew Koscharsky the Chief Commercial Officer of Jade Energy commented “the team executed the first ever trade on the exchange on 2 June 2015 and we remain strong supporters of the futures market. We look forward to the listing of peak and options in the near future.”
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It was a night of fun and excitement as iSwitch hosted our 3rd movie-night event in 2019. We reserved 3 cinema halls in Bugis+ for the Premiere Night of the long-awaited Avengers Endgame on April 25th.
We wanted to say a big thank you to all our customers for all your support and hope that our event was an enjoyable one for all 600 attendees!
It was a night filled with good food and even better conversations as iSwitch booked out a cinema at The Cathay to host their commercial customers for the premiere screening of Mission Impossible – Fallout on the 26th of July.
Organised by SGX and held by leading industry participants that included Electricity Retailer, iSwitch, this event saw a sharing on how Singapore’s Open Electricity Market is currently affecting consumers and its eventual evolution towards of full liberalization of the market.
Over 80 attendees were exposed to the exciting opportunities developing for both electricity business and retail customers, as well as the role of the SGX electricity futures market in enabling a more competitive retail environment.
