iSwitch launches into the Open Electricity Market in Jurong

iSwitch launches into the Open Electricity Market in Jurong

iSwitch is proud to be one of the participating retailers approved by the Regulator, for the soft launch of the Open Electricity Market (OEM), launching today. We see the liberalisation of the OEM as a very exciting opportunity focusing on empowering customers to easily Switch and Save.

We have revamped our website ( to enable customers to compare price plans and sign up effortlessly. Our customers will have access to online account management via our Portal and mobile App where they can easily compare their consumption with similar dwelling types, view and pay their bills and refer their friends. Customers can choose to pay their bills online via credit cards, internet banking, GIRO or simply visit the nearest AXS Kiosk station – whichever is more convenient for them. Customers will be able enjoy further savings through a Rewards Points Scheme by referring friends and family using their unique code. We have made the process of saving on energy fast and efficient!

We have designed a variety of cost effective price plans to suit customer’s usage patterns and lifestyle needs. We allow customers to choose from different options and discover which plan works best for them. Our iSwitch2Green plan caters to the environmentally responsible consumer, offering 100% carbon neutral electricity through the purchase of UN certified carbon credits. We also offer a Night-Time Discount from 11pm-7am, so consumers can enjoy the biggest savings when they use the most electricity.

We recognise the importance of partners to bring value to our customers. We are pleased to announce iSwitch has joined in collaboration with DBS Bank. This alliance, in time for the soft launch of the OEM in Jurong, will allow us to showcase our electricity price plans for the public in an online “Marketplace”. DBS/POSB account holders will be able to easily be able to choose a plan and set up their payment method in one seamless submission.

Jeremy Soo, DBS Head of Consumer Banking Group (Singapore) said, “DBS Electricity Marketplace exemplifies how we are reimagining banking, using digital technology and innovation to make life simpler for our customers. Through our partnerships with alternative electricity retailers, we want to enable our customers to enjoy savings on their bills easily. Our insights also indicate that consumers want a fuss-free process to sign up for other electricity retailers, and we have made it easier and convenient for them to make the switch with just a few simple clicks on DBS/POSB digibank.”

Please visit the DBS Marketplace to sign up.