I have blogged about how cheap/low the SP Group Wholesale Electricity rate was previously but unfortunately, those days are gone:
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Cheapest Electricity Plan - SP Group Wholesale Electricity
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Cheapest Electricity Plan - SP Group Wholesale Electricity Part 2
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Cheapest Electricity Plan - SP Group Wholesale Electricity (2021)
I was shocked to see my latest electricity bill. 370.09 kWh - $200.35 which translate to
54.14 cents/kWh!
That is more than doubled the regulated electricity tariff rate of
25.80 cents/kWh.
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The image is taken from Seedly |
This should have been obvious given that 5 electricity retailers closed down last month - Seedly:
Why Are Electricity Retailers in Singapore Closing Down? What Does it Mean for Singaporeans? This is probably because if they had continued to operate, they will only be incurring more losses.
If you head over to the
OEM site to compare prices/plans, the cheapest plan one can get now is a x% discount off the regulated tariff rate. If you scroll further down, some of the...