Personal Finance
Why I continue to renew with Tuas Power instead of other electricity retailers
By CompoundingDividendxDividend  •  June 2, 2020
I switched out from Singapore Power (SP) to Tuas Power almost 17 months ago.
As i signed up for Fixed plan 18 months contract 17.98cents/kWh (w GST), so this mean my contract will be ending next month.
I wrote an article about Open Electricity Market (OEM) and why we should choose Fixed plan instead of Discount Plan (Link).
Fast forward to today, I had made the correct choice.
Source: https://www.spgroup.com.sg/wcm/connect/spgrp/e0b9800a-c39b-4f41-8664-2bbe8e2ca826/Historical%2BElectricity%2BTariff_Oct+18%28w+GST%29.xls?MOD=AJPERES
All the 12 retailers are offering between 18% ~ 25.5% (Depending on the duration of your contract) for Discount Plan.
For illustration purposes, assuming you managed to sign up for a 25.5% discount plan, the rate will be 18.35cents.
Thus, if you managed to sign up for a FIXED plan with rate lower than 18.35 cents, you had made a right choice.
There are many FIXED plan with rate of 17.98 cents and lower currently. 
Click here to read my previous post if you want see more statistic why Fixed plan is better than Discount plan.
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By CompoundingDividendxDividend
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