Valid till 31 March 2020. Over the course of a year, this can amount to hundreds of dollars in savings.Electricity providers also offer plans with specified discounts from the regulated tariff. “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. If your retailer bills you through SP Group, nothing much will change and you will get 1 consolidated bill covering electricity, water, gas, and refuse charges. Your new contract will begin as soon as 5 days after the retailer contacts SP Group.We conducted our research and analysis based on information provided on the Open Electricity Market website and the websites of electricity retailers listed below. If you prefer certainty over price fluctuations in your monthly bill, Fixed Price Plans may be the best choice for you. For example, PacificLight and Union Power charge the least for 12-month plans (17.48¢ per kWh), while Ohm charges 17.49¢ per kWh. For example, Finding the best electricity provider can be a complicated process, so we've developed a guide to help you narrow down your choices and ultimately find the most affordable plan for your needs.Choosing between a fixed plan and other types of plans can seem complicated. No contract duration and no early termination charge, but there is a security deposit requirement, which can be waived when you pay by recurring card payment.If you’re not ready for a long-term contract and want to lock in potential savings from any fluctuations in quarterly tariff prices, sign up for Union Power Pte Ltd’s 6-month fixed price plan and pay a low fixed rate of 17.58 cents/kWh. Senoko Energy is currently offering a 24-month plan at a rate of 17.68 cents per kilowatt hour — almost 30% off the current tariff rates of 24.24 cents.

Cashback From Bill Payments In Singapore – Best Cards For Telco, Medical and Utilities Bills. They can vary between the Fixed Price or Discount Off Regulated Tariff model, but the main benefit is for those households who consume most of their electricity during off-peak hours like in the evenings, early morning hours or weekends. Regardless of who you buy your electricity from, your electricity supply will stay the same because the SP Group operates the national power grid and delivers electricity to consumers.If and when you decide to switch from the SP Group to your preferred OEM retailer, you will not incur any extra fees nor additional charges.In case you change your mind after switching from the SP Group to your current OEM retailer, your current OEM retailer will co-ordinate with the SP Group to make the switch. If you are okay with your electricity rates changing every quarter — so long as it’s below the regulated tariff — this could be the best plan for you. Under its referral programme, it’s also offering a $20 bill rebate for both the referrer and their friend. This can help consumers better manage their energy usage and can even assist them in cutting their utility costs.Some electricity plans require AMI meters, though many will provide full subsidies for the installation cost (S$40 excluding GST). Fuel costs are tied to natural gas prices, which are indexed to oil prices by commercial contracts. In other situations, they may offer discounts of 1-5% to those that schedule automatic payments with certain credit cards. Choosing an Electricity Retailer in Singapore – Why You Should Look Beyond Just the Advertised Rates. For more information about the cost of AMI meters, contact your preferred retailer.No, it is not compulsory to switch to an electricity retailer. On top of that, consumers who switch can also enjoy up to 5% monthly rebate if a Discount Off Regulated Tariff plans offer a discount off the prevailing regulated tariff price set by the SP Group, which is revised every quarter. For example, By choosing these retailers, consumers can save about 4% compared to the average electricity retailer and about 30% compared to SP Group's rate. Why create an account? Knowing your electricity consumption habits can come in handy for Peak and Off-Peak Plans. For the end consumer, that means you enjoy more options and flexibility when buying electricity, with the end goal of lowering your monthly electricity bills.

This can be helpful in times when electricity prices are on the rise, as it will protect consumers from increasing electric bills. These prices change depending on global market conditions. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. pricing, fees, rate structure) to make a helpful comparison for consumers. Our team examined key factors of over 70 electricity plans (e.g. Personalised, bite-sized finance reads, money hacks and product recommendations You can see electricity and water services are consolidated into one statement, so if you switch retailers, the electricity services component will come as a separate statement. Although its peak plan of 20.20 cents/kWh (7:00am to 11:00pm) is higher than its fixed price plans of 18.71 cents/kWh (12-month plan), 17.98 cents/kWh (24-month plan), 17.88 cents/kWh (36-month plan), it offers the lowest off-peak plan of 16.16 cents/kWh (11:00pm to 7:00am).PacificLight Energy off-peak plan of 30% off regulated tariff (11:00pm to 7:00am) is the best offer in the market but the discount is based off the regulated tariff rate. There are no monthly fees, no registration fees and waiver of security deposit. Case in point: if you’re environmentally conscious, consider iSwitch, which is only marginally more expensive than Geneco’s 6-month contract rate (the current cheapest in the market). Editor’s note: Article updated in March 2020.

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