Personal Finance
With Electricity Prices Rising, Should I Switch Back to SP Group or Renew My OEM Plan?
By Seedly  •  June 25, 2022
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...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.

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