I have blogged about how cheap/low the SP Group Wholesale Electricity rate was previously but unfortunately, those days are gone:
That is more than doubled the regulated electricity tariff rate of 25.80 cents/kWh.
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| 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.
For the earlier date, one just got to submit your own self-read meter which isn't difficult.
A couple of reasons why I decided to just go back to the regulated tariff rate:
A couple of reasons why I decided to just go back to the regulated tariff rate:
1. Less trouble/hassle - Everything can be done online and there's no need to worry about it "closing shop"
2. No contract - Assuming if the electricity rate ever falls again, I can easily switch back to the wholesale rate.
3. At the moment, I do not see significant savings for the hassle/trouble to switch to other retailers and getting myself "locked" in a contract for a miserable 3-6% discount. Simply not worth my time and effort.
Hope this helps!
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2. No contract - Assuming if the electricity rate ever falls again, I can easily switch back to the wholesale rate.
3. At the moment, I do not see significant savings for the hassle/trouble to switch to other retailers and getting myself "locked" in a contract for a miserable 3-6% discount. Simply not worth my time and effort.
Hope this helps!
On a side note, Futu's moomoo app sign-up promotion is slightly different every month (AAPL shares, cash coupon, etc. Do read the T&C here for more information). If you have yet to open an account, you can do so using our referral link :)
Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)
On the same boat as u. My bill is even higher than yrs! How do u find out the latest wholesale rate?
ReplyDeleteDo foresee energy crisis to last a while. Geneco 6month plan without contract is 25.1 cents. Pondering..as my usage is quite high double of yrs.
Hi tcs,
DeleteI did try to find out what's the latest wholesale rate and that information is probably here - https://www.emcsg.com/marketdata/priceinformation#priceDataView (Scroll down, under Access Data for: Final Prices and Information on Registered Facilities, select Wholesale Electricity Prices).
However, I didn't spend too much time to research/figure out how to read it. Generally, if you compare it against the last few months or even a year back, you can see the huge increase in WEP($/MWh).
Hi, do you still make srs contribution ?
ReplyDeleteHi,
DeleteThat's very random. Yes, I contribute on a monthly basis. Just look at any other articles except the electricity related one. lol.