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.
As of recent quarters, SP electricity rates have fluctuated due to global changes in oil and natural gas prices.
For example, the rate for a given quarter might be around 27–30 cents per kWh, but this changes based on market conditions.
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.
Energy-saving habits and efficient home appliances can help lower overall costs even if rates rise.
Overall, understanding SP electricity more info rates allows Singaporeans to manage costs effectively and choose the best plan for their needs.