Personal Finance
SP Group Wholesale Electricity No Longer The Cheapest Plan
By KPO and CZM  •  November 21, 2021
I have blogged about how cheap/low the SP Group Wholesale Electricity rate was previously but unfortunately, those days are gone: - Cheapest Electricity Plan - SP Group Wholesale ElectricityCheapest Electricity Plan - SP Group Wholesale Electricity Part 2Cheapest 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.
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...
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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