Many Singaporeans keep an eye on SP electricity rates to budget monthly expenses and compare against other electricity retailers.

Customers who have not switched to an Open Electricity Market (OEM) retailer continue to pay the SP regulated tariff set quarterly by the Energy Market Authority.

Singapore’s electricity rates are influenced by global energy trends, so any spike in fuel costs may be reflected in the quarterly tariff.

Consumers can check the current rate online or through their SP Utilities app for the most accurate figure.

Since the launch of OEM, residents can more info switch providers if they find a better deal or prefer a fixed-rate plan over the variable tariff.

Look out for national campaigns and incentives that promote smarter energy use and offer savings on your utility bills.

To sum up, keeping track of electricity tariffs empowers you to make smart choices about your provider and energy use.