Time to save costs during higher electricity tariffs
According to StraitsTimes, Household residents will have to fork out more money for utility bills from Friday (Oct 1) to Dec 31 as electricity and gas tariffs continue to...Its only less than 3 years where the Electricity retailers come roaring into the Singapore’s market and you will see them in multiple roadshows in shopping malls.
However, due to soaring energy prices, Electricity retailers who have under-hedged their positions are now exiting the market in particular – the 4th largest player iSwitch and Ohm Energy.
Observers have also reasoned that these independent retailers had to face stiff competition – with 12 retailers for 1.4 million residential households – and for some of them, at the disadvantage of not having their own power generation assets (which we will delve in deeper later).
If you belong to that 2 retailers or have simply stuck to SP Power for your electricity bill, you may want to continue reading below…