Guide to best electricity deals in the open market

The Open Electricity Market will allow you to switch to a retailer at a price plan that best meets your needs, or opt to continue buying electricity from SP Group at the regulated tariff.
The Open Electricity Market will allow you to switch to a retailer at a price plan that best meets your needs, or opt to continue buying electricity from SP Group at the regulated tariff.PHOTO: ST FILE

Take time to read and understand a retailer's fact sheet before making a decision

Singaporeans can look forward to potentially lowering their power bills as the Open Electricity Market rolls out in zones across the island.

The initiative will allow you to switch to a retailer at a price plan that best meets your needs or opt to do nothing and continue buying electricity from SP Group at the regulated tariff as you do today. There is no time pressure as you can switch to a retailer at any time.

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A version of this article appeared in the print edition of The Sunday Times on September 30, 2018, with the headline 'Buying electricity: Spoilt for choice'. Print Edition | Subscribe