Sunseap Group, Southeast Asia’s leading sustainable energy provider, announced today that is participating in the Open Electricity Market with the launch of three new solar energy plans for consumers today.
Customers can choose between fixed price or discount off tariff plans depending on how willing they are to try out solar energy as an alternative to conventional electricity generated by fossil fuels. Fixed price means that they pay a fixed rate for electricity supply during their contractual period, while under the discount off tariff plan, they pay a fixed percentage discount off the regulated tariff, updated quarterly by SP Group.
The plans are for households with postal codes starting with 58-78, including districts in Choa Chu Kang, Yishun, Sembawang and Upper Bukit Timah. The OEM will be rolled out progressively over four geographical zones, beginning with Zone 1 on 1 November.
The first plan, SUNSEAP-ONE, caters to those who want to try out solar energy but just a little. They will get one percent solar energy generated by Sunseap and pay up to 23% off the regulated tariff. Alternatively, they can opt for a fixed price of as low as 16.85 cents/kWh (before GST) or 18.03 cents/kWh (including GST) for the first six months. This plan is the most flexible out of the three Sunseap offers, with options of a six, 12 or 24 months contract period.
SUNSEAP-ONE plan is currently the cheapest 6-months contract available in the market.
For those looking for a larger clean energy component but still want to benefit from cost savings, the SUNSEAP-50 plan offers 50% solar energy. Consumers can opt for a 15% discount off SP’s tariff or a fixed price of as low as 21.61 cents/kWh (including GST). The contract is for 24 months.
Sunseap also has a 100% clean energy plan for environmentally-conscious consumers called the SUNSEAP-100 under which customers can enjoy a 10% discount off SP’s tariff or a fixed price of 23.01 cents/kWh (including GST) for 24 months.
Mr Frank Phuan, Co-Founder and CEO of Sunseap Group, said: “Sunseap is excited to be participating in the Open Electricity Market as it allows us to promote to the masses solar energy as a viable, environmentally-friendly alternative to conventional energy which degrades our planet and health.
“Based on feedback from consumers in our trial market in Jurong, we believe we have developed the right mix of plans to help our consumers go green while enjoying cost savings on their electricity bills.
“Sunseap’s unique selling proposition is that we are able to supply customers with real solar energy as a result of hefty investments we had put in in recent years through our ongoing programme of installing solar panels on the rooftops of many residential and commercial buildings across the island.
“We are today reaping the harvest of our earlier investments and selling real solar energy, not simply carbon credits to our customers.”
Sunseap’s solar energy plans help consumers reduce their carbon footprint as each kWh of clean electricity used will offset a kWh of electricity required from traditional power sources such as coal and natural gas.
In a typical arrangement, Sunseap will generate solar energy from its network of rooftop installations in Singapore and route them into the national grid run by SP PowerGrid. The clean energy is then audited by a third party, the Solar Energy Research Institute of Singapore. From the national grid, Sunseap retails clean energy to consumers.
Sunseap is one of the largest and most established players in the solar energy industry in the region, with a vision of delivering affordable clean energy to individuals, businesses and communities.
In Singapore, Sunseap is the largest owner of solar rooftop systems, with more than 163 megawatt peak of contracted capacity. It has won five out of six solar tenders called by the Singapore government to date to install photovoltaic panels on the rooftops of a number of public housing and other government properties.