Unauthorised sign up by electricity retailers

When the retail electricity market was opened up, I wrote a letter which was published in the newspaper. i said that it was better to ask Singapore Power to reduce the electricity charges instead of opening up the market for competition.

I said that the market competition approach is wasteful and does not produce any real benefit. It created cost.

We are now seeing other bad outcomes from this decision to create competition. There are cases of unauthorised signing of the contracts.

https://www.straitstimes.com/singapore/consumer-watchdog-flags-cases-of-unauthorised-sign-ups-by-electricity-retailers?

This will not be the end. There will be many other problems that will follow from this bad and wasteful decision.