What Are the Top Power Companies in Singapore by Market Share?
Apr 30, 2021 19:49
As of 2020, in Singapore, there are over 25 electricity retailers. 15 of them still have a noteworthy market share. The top five hold the majority of the market share. If you are wondering what are the top power companies in Singapore, you need to look at just the first five by market share. They are the most important players and the competition is mostly between the 5.
Senoko Energy takes the first position by market share according to the data released by EMA at the end of 2020. Senoko lags behind the next 3 by just two percent. They have 12.8 percent of the retail market, making them a big player compared to the rest of the retailers. The company has seen a decline in customers from 17.9 in 2007 but has been bouncing back over the past couple of years.
Kappel Electric has just one percent more than Senoko Energy in terms of market share. Their growth has been steady for the past 4 years but like Senoko, they had a period of decline.
The third spot is Seraya Energy. They are very close to Keppel in terms of market share but their growth in terms of customers over the past few years has been all over the place, mostly due to inconsistent marketing and better performance of its competitors.
The second spot belongs to Tuas Power Supply. Again, their growth has been inconsistent, with a sharp decline in 2011 and they are yet to reach the same market share as they did back then. They used to have 16.2 percent in 2011 while today they have 15.4.
Lastly, if you are wondering what are the top power companies in Singapore you may have already figured out that SP Services has the largest market share. They stand at 20.4 percent and it is the only company that has been on a constant decline since 2005 when they had a 41.7 market share.
Today, electricity is an important necessity in every home and it has been impossible to imagine daily life without it. It makes life easier, with the aid also of different appliances that people use. Learning about power companies in Singapore is also helpful as consumers become aware of the background of the companies which supply them their needed electricity.
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