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SP Services buys electricity on behalf of customers and pays the generation companies and other market players based on the rates approved by EMA. See the latest electricity tariff rates for Q2 2024 and the historical data.
Jul 1, 2024 · Singapore, 28 June 2024 – For the period from 1 July to 30 September 2024, the electricity tariff (before GST) will increase by 0.3% or 0.09 cent per kWh on average compared with the previous quarter due to higher energy costs.
- Geneco. Want a taste of having your home powered by an Open Electricity Market retailer? Consider Geneco’s aptly named Give Us A Try 6-month trial electricity plan.
- SP Services. SP Services is the default energy provider for households in Singapore. If you don’t make the switch to an Open Electricity Market retailer, your home will be powered by SP Services.
- Keppel Electric. Keppel Electric has four electricity plans that you can choose from, two of which allow you to reduce your carbon footprint. Whether you prefer to lock in your fixed rate for 24 months or 12 months, the two electricity plans are priced the same.
- Tuas Power. Underwritten by Singlife, you can choose to be covered with (i) home insurance, or (ii) utilities relief insurance. T&Cs apply. Tuas Power offers 12, 18 and 24-month fixed price plans.
Currently, all residential consumers are eligible to buy electricity at the regulated tariff. For the period from July to September 2024, the tariff rate is 29.88 cents/kWh (without GST), or 32.57 cents/kWh (with GST). Please visit SP Group’s website for the historical electricity tariff rates.
Manage your utilities account, view your bills and consumption, and access SP Chat on the SP Services Portal.
Consumers are therefore encouraged to buy electricity from electricity retailers or the SP Group at the regulated tariff for greater price certainty. Thus, over time, consumers who are signing up or renewing their retail contracts can continue to expect higher electricity rates than before.
Aug 5, 2022 · The price gap between the cheapest electricity retail plan and SP's tariff is less than 1 cent per kWh, as the global energy market faces supply and demand challenges. Experts say retailers are being conservative with their offerings and consumers may prefer the regulated tariff for stability and security.
