How Much Can You Save
An example of a family who saved on their home electricity after changing electricity provider in Singapore.
A family are living in a 4-room HDB in Singapore. When the Open Electricity Market (OEM) opened in January 2019 they were one of the first to change electricity supplier!
Before the OEM launch there was no choice on which residential electricity provider to select, SP Group was the default. So, once they calculated the savings it was an easy decision to make.
They chose the:
Fixed Rate Price Plan: ‘Chope’ the Rate (24 Months)
|Regulated Tariff||‘Chope’ the Rate (24 Months)||Estimated Savings|
*Rates inc. GST. Based on Regulated Tariff 1st April- 30th June 2019.
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When Can You Switch Your Electricity Retailer
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. Since November 2018, tens of thousands of households have already switched to iSwitch as their preferred electricity retailer.
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