StarHub, Sunseap Team Up to Enter Open Electricity Market

Singapore, 19
March 2018 – Starting next month, residents in Jurong can lead the change and be the
first to power all their home gadgets and appliances like televisions, laptops
and washing machines with affordable clean energy from StarHub and
Singapore-based sustainable energy firm Sunseap. Households will be able to
switch out of their existing electricity retailer and go solar without the
hassle of owning or installing solar panels.

Having
formed a joint operation, StarHub and Sunseap are entering Singapore’s Open
Electricity Market, starting with the Energy Market Authority’s soft launch in
Jurong and culminating in the full liberalisation of the retail electricity
market in the second half of this year. Consumers will be free to choose their
desired electricity retailers according to their usage patterns and the prices
offered. Switching electricity retailers will be seamless; there will be no
disruption and customers can continue to enjoy the same quality and reliability
of electricity supply.

As
part of this joint operation, StarHub and Sunseap are collaborating on various
fronts which include customer service, billing and sales, to ensure a fuss-free
experience for households. Both companies are also exploring opportunities in
smart energy and Internet of Things solutions to bring continued benefits to customers.

“Working
together with Sunseap, we are excited to offer households a compelling way to
live a lower carbon footprint lifestyle using the Sun’s energy. Leveraging each
other’s expertise, we will bundle essential services from mobile, pay TV,
broadband and electricity in attractive packages for customers, who are
becoming more environmentally-aware;” said Mr Howie Lau, Chief Marketing
Officer, StarHub. “Clean energy has been gaining ground in Singapore and we
hope to further energise this green movement with the launch of our StarHub
Clean Energy Fund.”

To
champion clean energy use, 5% of StarHub’s profits out of this business in the
first three years will be channelled into the StarHub Clean Energy Fund.
The fund will be used to drive environmental conservation initiatives including
clean energy and efficiencies. StarHub is committed to doing business in a
sustainable manner to minimise our and our customers’ impact on the
environment.

Mr
Frank Phuan, Co-Founder and Chief Executive Officer, Sunseap Group, said: “We
are pleased to be in a joint operation with StarHub to help residents in
Singapore go green. This will make it easy for both existing and potential
StarHub customers to switch to solar energy without any break in their regular
electricity service. As the leading sustainable energy provider in Singapore,
Sunseap is committed to helping consumers do their part to lower global warming
emissions, which we believe is one of the most urgent challenges of the 21st
century.”

With
over three decades of experience in building and developing sustainable energy
solutions, Sunseap has grown to become Singapore’s largest and most established
sustainable energy provider. Sunseap’s solar energy is harvested from its
rooftop solar systems across more than 1,000 buildings in Singapore, including
public housing estates as well as commercial and industrial buildings, which
convert sunlight into solar energy.

Starting
next month, StarHub and Sunseap will offer customers a choice of two clean
energy subscription plans named Green Life and Green
Save.

The
first plan named Green Life is a 100% clean energy plan
tailored to meet the needs of environmentally conscious customers. Customers on
the Green Life plan will receive electricity fully produced by
Sunseap’s solar systems at no additional cost. Electricity will be charged at
the usual regulated electricity tariff.

The
second plan, Green Save, allows customers to take a step
towards becoming more environment-friendly while enjoying some savings. With
this plan, customers will receive 5% clean energy and enjoy 20% discount off
the regulated tariff. Please refer to the table at the end of this media
release for the comparison.

Customers
can register their interest to jump on board this green journey at www.starhub.com/energy.

StarHub is Singapore’s fully-integrated
info-communications company, offering a full range of information,
communications and entertainment services for both consumer and corporate
markets. StarHub operates a mobile network that provides 4G and 3G services. It
also manages an island-wide HFC network that delivers multi-channel pay TV
services (including HDTV, Internet TV and on-demand services) as well as
ultra-high speed residential broadband services. StarHub operates an extensive
fixed business network that provides a wide range of data, voice and wholesale
services. Over Singapore’s fibre-based Nationwide Broadband Network, StarHub
offers a broad range of home and business broadband plans as well as commercial
and residential IPTV services.

Launched in 2000, StarHub has become one of
Singapore’s most innovative info-communications providers, and the pioneer in
‘hubbing’ – the ability to deliver unique integrated and converged services to
all its customers. StarHub, listed on the main board of the Singapore Exchange
since October 2004, is a component stock of the Straits Times Index, the MSCI
Singapore Free Index, the SGX Sustainability Leaders Index and the SGX
Sustainability Leaders Enhanced Index. Visit www.starhub.com for more information.

Sunseap is the leading
solar energy system developer, owner and operator in Singapore. It operates
through three key units: Sunseap Leasing, Sunseap International and Sunseap
Energy. Sunseap Leasing is the first and
largest solar leasing company in Singapore. Sunseap International targets
markets in the South East Asian and Pacific regions. These include a 140
MegaWatt-peak (MWp) solar farm in India, a 10 MWp solar farm in Cambodia, operations
in Malaysia and active development work in Thailand, Vietnam, the Philippines
and other markets. Sunseap Energy provides clean energy solutions utilising
off-site arrangements by drawing on solar systems within the Group’s portfolio
of distributed generation assets.