Personal Finance
Open Electricity Market – First Thing I Did in 2019 Is To Switch
By Invest Openly  •  January 5, 2019
I am excited that finally Singapore's electricity market is opening up and we (as consumers) have more choice and say in selecting our preferred retailer. Of course, the most important thing is because of the "competition", the consumers can enjoy more competitive rate (as opposed to only with SP previously).
I have the privilege to switch my electricity supplier from 1 Jan 2019 (as I am staying in Zone 1 of their rolling out schedule) and have done some brief homework (i.e. comparing price and retailers). By the way, there are as many as 22 retailers to choose from (excluding SP).
Finally, I've decided to switch to iSwitch yesterday.
Reason?
1. I've chosen the fixed price plan and they are cheapest in the market. Their current rate is $0.1766 per kWh (SP's current rate is $0.2413 per kWh). So, based on the initial
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By Invest Openly
My name is Richard Ng and I am a Malaysian turned Singaporean. This is a personal blog of mine detailing my venture in Share Investment Project. All the details in this blog are from my real venture (as it happens) and all amount quoted are in SGD (Singapore Dollars), unless otherwise stated.
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