Part of the same group as publicly-listed Sembcorp Marine, Sembcorp Power is one of the biggest names in the open electricity market in Singapore – one might even say they’re a real power player in the market.
They have a strong enough brand name to seem more reliable than the other electricity startups – and (possibly more importantly) enough.
As global energy costs rise because of the Russo-Ukrainian conflict, Singaporeans need to prepare themselves for higher petrol and electricity prices as well. Energy costs worldwide were already on the rise over the past six months due to reopening economies and environmental crises, but the current Russo-Ukrainian conflict has further hiked prices up. Russia is one of the largest oil.