[Levin]

Tang See Kit
05 Aug 2022 06:00AM
(Updated: 05 Aug 2022 07:24AM)


SINGAPORE: Rising prices of electricity retail plans have narrowed what was once a double-digit difference with SP Group's regulated tariff to less than 1 cent per kilowatt hour (kWh), as the global energy market continues to face uncertainties.

A search on the Open Electricity Market's price comparison website on Thursday (Aug 4) showed the cheapest fixed price plan offered by a retailer was 31.30 cents per kWh, for a contract period of 24 months. This rate includes Goods and Services Tax (GST).

In comparison, SP’s electricity tariff for households stands at 30.17 cents per kWh for the third quarter. With GST, the rate – which is reviewed every quarter by the national utility group – is 32.28 cents.

......

This means that the difference between the cheapest price plan offered by an electricity retailer versus SP is just 0.98 cents – a stark difference from four years ago when retail rates were up to 30 per cent cheaper.


https://www.channelnewsasia.com/singapor...rs-2853301

[teaserteam]

China and India now buying cheap oil from Russia and supply chain will stablised seeing oil price breaking support level & going towards 60-80 level. Though we use natural gas but it is from Indonesia pegged to oil price lah

[babygirl]

[bobby]

[Sline]

Electricity tariff will continue to head north until the war ends & thereafter another quarter or 2 before heading south.

[talky]

Electricity tariff will continue to head north until the war ends & thereafter another quarter or 2 before heading south.

by end 2023 early 2024 only then electricity prices will drop to pre war price

[RichDad]

Heading down very soon. Maybe year end

[p1acebo]

Can sleep well tonight :D