Cheapest Electricity Plan - SP Group Wholesale Electricity (2021)

Note: SP Group Wholesale Electricity No Longer The Cheapest Plan

In my previous article, I shared my last 3 months of electricity bills then (Feb, Mar and Apr 2020) to show that the SP Group Wholesale Electricity plan is probably the cheapest electricity plan available in the Open Electricity Market (OEM) as well as the remaining statements for the rest of 2020 here - Cheapest Electricity Plan - SP Group Wholesale Electricity Part 2. This is a continuation of that article by sharing the more recent statements too.

Jan 2021

177.43 kWh - $26.90 which translate to 15.16 cents/kWh

Feb 2021

357.93 kWh - $57.72 which translate to 16.12 cents/kWh

Mar 2021

326.14 kWh - $57.17 which translate to 17.53 cents/kWh (Do take note that this is no longer the cheapest rate at face value. I shall blog about it soon)

Apr 2021

353.93 kWh - $61.49 which translate to 17.37 cents/kWh

May 2021

360.82 kWh - $64.41 which translate to 17.85 cents/kWh

Jun 2021

416.49 kWh - $73.72 which translate to 17.70 cents/kWh

Jul 2021

385.56 kWh - $73.36 which translate to 19.02 cents/kWh

Aug 2021

345.35 kWh - $94.27 which translate to 27.30 cents/kWh (I ran out of credit and didn't make payment for the previous month. Regardless, this rate is crazy high! In fact, it was even higher than the tariffs rate at 24.11 cents/kWh.)

Using the Open Electricity Market Price Comparison site, there are definitely cheaper plans.

Sep 2021

285.56 kWh - $57.47 which translate to 20.13 cents/kWh 

It seems the SP Group Wholesale Electricity is the cheapest again. Guess I will just continue to observe.

Again, the above are just rough estimates as I included other fees such as GST, meter reading, etc. The more accurate way is to remove them and compute but it is already lower even when I included those miscellaneous fees. You can decide for yourself :)

Anyway, if you are interested in this update, simply bookmark this page as I will just update it with the subsequent months' statement.

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