Boost expected for Singapore power retailers after liberalization

SINGAPORE -- Singapore is on its way to completely liberalizing its electricity retail market, hoping to bring more choices to consumers and diversify its energy sources. Some 80% of the market in terms of power consumption is already open to competition, and the rest is to be liberalized by the end of next year. In an interview with The Nikkei, Trade and Industry Minister S Iswaran spoke of his ambition and expectation to "create a lot more options for electricity retailers," underscoring the importance of the change.