Guide to best electricity deals in the open market

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

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
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More than 30 per cent of eligible accounts switched to a electricity retailer. Those who switched paid a rate that was on average about 20 per cent lower than the regulated tariff.

On Nov 1, areas with postal codes beginning with 58 to 78 will join the open market. Areas with postal codes starting with 53 to 57, 79, 80, 82 and 83 join on Jan 1. Postal codes 34 to 52 and 81 are next, on March 1, with codes 01 to 33 on board on May 1.

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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 Guide to best electricity deals in the open market. Subscribe