sp electricity rate​ 8 36

Many Singaporeans keep an eye on SP electricity rates to budget monthly expenses and compare against other electricity retailers.

Customers who have not switched to an Open Electricity Market (OEM) retailer continue to pay the SP regulated tariff set quarterly by the Energy Market Authority.

Singapore’s electricity rates are influenced by global energy trends, so any spike in fuel costs may be reflected in the quarterly tariff.

Consumers can check the current rate online or through their SP Utilities app for the most accurate figure.

Since the launch of OEM, residents can switch providers if they find a better deal or prefer a fixed-rate plan over the variable tariff.

Besides comparing rates, residents are encouraged to monitor their energy usage and take advantage of tips and rebates offered by SP Group and government schemes.

In summary, whether more info you stick with SP or explore other retailers, staying informed about electricity rates is key to controlling your household budget.