When it comes to powering their homes, Singaporeans no longer have just one default option: SP Services. Since the Open Electricity Market was liberalized, consumers have chosen from nine different energy providers.
While switching from SP Services to one of the other energy providers isn’t required, having options is always nice, especially when those options help you save money on your electricity bills. We go over the different energy providers in Singapore, their unique features, and which one offers the cheapest electricity plans below.
Which energy company should you go with?
Before deciding on an electricity plan from a particular energy provider, think about your preferences, budget, and household electricity consumption patterns. Read up on the things to look for when selecting an energy provider. What else should you think about? Credit card rebates, referral rebates, promo codes, and the value proposition of each retailer are all factors to consider. Currently, switching to an Open Electricity Market retailer will save you money on your electricity bills because Open Electricity Market retailers strive to offer competitive rates based on SP Services’ regulated electricity tariff, which is reviewed quarterly. Due to these reasons, it is considered as cheapest electricity provider singapore.
Because they are selling the same product, retailers must offer better prices and services than their competitors. The competition will greatly benefit you with more perks and offers like referral cashback, free months of electricity, and more. You can make a list of all the places where electricity is wasted, such as appliances and gadgets. You are not only saving money but also the environment by being conscious .sumption.