ES Power Singapore explained

ES Power Singapore
Hq Location City:Singapore
Area Served:Singapore
Industry:Electricity Retailing
Products:Singapore
Num Employees:Approximately 50
Parent:Environmental Solutions (Asia) Pte. Ltd.
Website:http://www.env-solutions.com

ES Power[1] [2] [3] is an electricity retailing service started by Environmental Solutions (Asia) Pte. Ltd.[4] in 2016. ES Power was the first electricity service in Singapore to offer complete carbon offset to its customer for their electricity. Carbon offsets are given through carbon credits which, in turn, are used to invest in non-renewable energy related projects around the globe, especially in developing countries. ES Power has since be re-branded as ES Living and focuses more on the environmental attributes.

History

Environmental Solutions (Asia) Pte. Ltd. was founded in 1999 and its headquarters is located in Singapore. The company's business is mainly in harvesting base and precious metals from spent resources as an alternative to mining.

ES Power received retail electricity license from Energy Market Authority (EMA) to provide electricity to consumers in an open market in 2016 and started provided contracts in the initial phased roll-out of the open market.[5] In an effort to give consumers more options to manage their electricity cost, EMA has progressively opened the electricity market to competitors since 2001.[6] Previously consumers were bound to purchase electricity from SP Services (SPS).[7] In June 2019, iSwitch took over all of ES Power's contracts for .[8]

Notes and References

  1. Web site: ES Power. Environmental Solutions. 2016-12-04. https://web.archive.org/web/20161220042300/http://www.espower.sg/. 2016-12-20. dead.
  2. Web site: ES Power Twitter Handle. ES Power.
  3. Web site: ES Power LinkedIn. ES Power.
  4. Web site: Environmental Solutions (Asia) Pte. Ltd.. 1.
  5. Web site: Singapore consumers can choose electricity provider from November. CNA. en. 2020-01-17. 2019-05-02. https://web.archive.org/web/20190502095212/https://www.channelnewsasia.com/news/singapore/electricity-price-plans-choose-open-market-sp-group-10743764. dead.
  6. Web site: Liberalisation of Retail Electricity Market. Singapore Government.
  7. Web site: SP Services. Singapore Power.
  8. Web site: Electricity retailer iSwitch to take over S$15m of household, business contracts from ES Power. CNA. en. 2020-01-17.