Fair Charging Ahead; CCS Seeks Feedback on SP Mobility’s Commitments in EV Acquisition

Singapore’s Competition and Consumer Commission (CCS) is asking the public for their views on a set of commitments proposed by SP Mobility (SPM). These commitments come in response to concerns over SPM’s planned acquisition of fellow EV charging company ChargEco. The main worry is that combining the two companies could reduce competition, especially in the East region of Singapore where both currently operate electric vehicle charging points in Housing Development Board (HDB) carparks. CCS is now reviewing whether the proposed measures will be enough to keep the market fair for consumers.

The concern stems from a large-scale tender in 2022, known as TD116, where SPM and ChargEco were each awarded contracts to supply and operate EV charging points in different parts of the East region. Before the proposed deal, the two companies were competing with each other in that area. Competition typically helps keep prices reasonable and service quality high. If one company takes over the other, CCS wants to ensure that drivers in the East region continue to benefit from the same competitive conditions.

To address these concerns, SPM has offered a set of voluntary commitments that would last for three years. The first key commitment is that the retail prices for charging at the affected East region HDB carparks will not be raised above pre-acquisition levels. However, prices can still increase if there are unavoidable cost changes, such as new government taxes or unexpected major repairs due to events like accidents or natural disasters. This is meant to prevent the new company from simply raising prices after the deal goes through.

The second commitment focuses on fairness. SPM promises that any discounts or rebate programs offered to personal account holders will not be used in a way that unfairly disadvantages drivers simply because they are charging their vehicles in the East region. In simple terms, this means that if SPM runs a promotion, it cannot exclude East region users or give them worse terms just because they charge at former ChargEco sites. The aim is to ensure that all customers are treated equally, regardless of which part of the East region they charge in.

CCS is now inviting public feedback on these proposed commitments until 5pm on 13 April 2026. This is an opportunity for drivers, businesses, and anyone interested in fair competition to have their say. If the feedback suggests the commitments are sufficient, CCS may accept them as a solution. If not, further action may be taken. For consumers, this process helps ensure that as Singapore’s EV charging network expands, the market remains competitive and fair for everyone.

For more information, please visit www.ccs.gov.sg.