Personal Finance
Should Singapore Power Cover The Price Differences From Electricity Retailers Leaving?
By Consume Less Life  •  October 25, 2021
Multiple electricity retailers have been exiting the Singapore market as the prices of wholesale electricity increased greatly due to multiple market factors. The prices of wholesale electricity have seen spikes over sustained periods. Source: Clip from Channel 8 News timestamp 19:30 I saw a segment on Channel 8 news of a consumer that called for Singapore Power to cover the difference of about 20% that he has to pay when his retailer left. Is it reasonable to ask Singapore Power to come in to pay the difference for these consumers? Why Are There So Many Electricity Retailers? In November 2018, the Open Electricity Market was extended to all Singapore consumers. This allows companies to come in to provide a service if they think they can either value-add or provide it at a cheaper price than SP Group. Moving from a monopoly to a competitive market, it can allow for better prices, products and services to emerge.  ...
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By Consume Less Life
I am glad you arrived on this blog because you are interested in consuming less. The idea of Consume Less Life was born in Singapore, 15 September 2020. The primary purpose of this blog is to attempt to encourage you to consume less. Consuming less has multiple benefits such as saving money, saving the planet and keeping your life simple.
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