How Much Can You Save
An example of a family saving on their home electricity in Singapore!
The Tan family are living in a 4-room HDB in Jurong East. Their monthly electricity bill is about $100 per month. When the Open Electricity Market (OEM) launched in April 2018 they were one of the first to make the switch!
“It was so easy, all I had to do was fill in the application form online, using my SP account number and NRIC.” says Mr Tan.
Before the OEM launch there was no choice on which provider to select, SP Group was the default. So, once they calculated the savings it was an easy decision to make.
They chose the:
Super Saver Discount (24 Months) price plan:
20% Discount off regulated tariff.
|Monthly Consumption||Monthly Electricity Bill||Estimates Savings ($) for 24 Months|
*Estimated Savings: Based on SP Tariff October-December 2018: 0.2413/kWh
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When Can You Switch
The Energy Market Authority (EMA) as progressively opened up the retail electricity market, referred to as the Open Electricity Market (OEM), to bring about competitive pricing for the benefit of consumers. In March 2018 the market was extended to households in Jurong (postal code 60-64). The final nation wide roll out will take place in 4 phases starting from 1st November 2018.
For more information, please click here