I am renewing my open electricity. It has been 2 years since I switched to an open electricity retailer. Back then, there were two standard price plans which are the Fixed Price Plan and Discount Off the Regulated Tariff Plan. I have opted for the Fixed Price Plan with SembCorp Power at 17.78 cents per kWh.
I have received a letter from SembCorp Power notifying me to renew my contract with them. Recently, I have heard from my friend that there was a lack of discounts given for renewal with the same open electricity retailer. So the big question comes. Should I renew my contract or switch to another open electricity retailer? Should I choose the fixed price plan or discount off the regulated tariff?
Below are the price plans that I have gotten from the individual open electricity retailer’s website.