Our Geneco fixed plan contract ends in February 2022. The rate we are enjoying now is $0.1662 kWh ( without GST). The current Geneco fixed plans in the market is $0.2334 kWh ( without GST) . This is a 40% increase in rates. This is a lot! My electricity bills average about $150 per month, a 40% increase is a $60 increase per month.
This is a comparison table on the best fixed plan , best discount off and SP regulated Tariff.
A quick summary on the options available to the readers. In Singapore, household residents can choose to buy electricity from three sources.
- Singapore Power under the regulated tariff plan ( regulated by Energy Market Authority)
- Singapore electricity retailers ( Geneco, Keppel electric, Senoko, Pacific light, Tuas power, Sembcorp e.t.c)
- Singapore Power under the wholesale electricity plan
The trades offs between the above are price stability, prices, contracts lock-in and promotions such a credit card discounts or promo codes....
