Southeast Asia’s first e-commerce platform for electricity has launched, making it easier for businesses in Singapore to choose renewable energy to power their operations.
Based on a consumer’s power consumption habits gleaned from the site’s search filters, Electrify.sguses a pricing engine to list a range of packages from third-party energy retailers.
Users can then compare prices and offers, before deciding on the most suitable option.
They can also access alternative energy options such as clean energy and carbon offsets.
Before Electrify.sg, companies that wanted to buy from energy retailers besides the default provider, SP Services, had to run extensive online searches and make telephone calls for quotes to assess their options, explained co-founder of Electrify.sg.
The terms for what each retailer offers are not usually standardised, meaning that customers would find it difficult to make like-for-like comparisons.