Press Report on UGS Energy

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UGS Energy宣布退出电力零售市场

(早报讯)UGS Energy私人有限公司宣布,本周三(10月27日)将退出电力零售市场。

根据UGS Energy私人有限公司今天发布的文告,为了确保所有顾客顺利过渡,所有顾客都会转给新加坡能源集团。

UGS Energy私人有限公司也将确保所有顾客的电力供应不会受到影响。

This report was pitched to Zaobao by Sunny Wee and first published in the 26 October 2021 print and online free and premium editions of Zaobao


Press Release for UGS Energy

Singapore, 25th Oct 2021 – UGS Energy Private Limited will be exiting the Electricity Market from 27th October 2021.

All company’s clients will be transferred to the SP Group to ensure a smooth transfer.

“We wish to assure all clients that there will be no disruption to their electricity supply.

“As a token of our appreciation for our clients’ support, we will be offering them an ex-gratia payment,” said a UGS Energy spokesman.

The spokesman added: “It has been widely reported that the current electricity market conditions have made it difficult for retailers to sustain their business.

“We regret that we have to take this course of action due to the challenging market conditions. We appreciate the support from our clients through these years.”

UGS Energy has been working with EMA (Energy Market Authority) and SP Group to ensure a smooth transfer of all its clients to SP Group.

“We are grateful to EMA and SP Group for facilitating the transfer. However, those customers who would like to switch to another retailer, they have the option to do so at any time, said the spokesman.

UGS Energy entered the Open Electricity Market in September 2018, with the key objective of helping you enjoy the benefits from an open and competitive market.

For information please contact :
Email :
Tel : 6382 6661