With electricity retailers in S’pore folding, it’s time to think about over-reliance on fossil fuels

SINGAPORE – Energy prices are soaring worldwide, and consumers and electricity retailers in Singapore are taking the brunt of the increase.

Of the 12 companies that sell electricity to households, two of them – iSwitch and Ohm Energy – this week formally announced their closure to customers via e-mail. And more closures could follow, experts say.