The other day, I was sent a notice from Tuas Power informing me that my three-year fixed price plan was up for renewal.
FYI: This article is not sponsored but Tuas Power; I just happened to sign up for their plans three years ago while I was not working for Seedly, as they were offering attractive sign-up benefits and a chance to lock in the price.
In hindsight, that was one of the best personal finance decisions I’ve made recently, as Tuas Power was offering electricity at a rate of $0.168/kWh before Goods and Service Tax (GST) and $0.179/kWh after.
Source: Author
This saved me a ton of money over the years, and I’m thankful for that.
But, I was not ready for what was going to happen next.
Tuas Power offered me a renewal offer of $0.292/kWh after GST, which was a 63.12 per cent increase in price. Thankfully, there’s the new $1.15 billion support package with the additional...