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Will the New Electricity Price Plans Actually Help in Saving Money?

The open electricity market has come with newer and flexible electricity price plans which suit the varied needs of consumers. Now, Singaporeans can choose the appropriate retailer with the help of electricity comparison website by finding out which supplier offers best deals for their consumption habit.

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Will the New Electricity Price Plans Actually Help in Saving Money?

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  1. Will the New Electricity Price Plans Actually Help in Saving Money? The year 2018 witnessed a huge makeover of the electricity market in Singapore with the launch of Open Electricity Market (OEM). Initially it was launched in fewer areas of Singapore but by the year end, every Singaporean could benefit from the open market. The open electricity market has come with newer and flexible electricity price plans which suit the varied needs of consumers. Now, Singaporeans can choose the appropriate retailer with the help of electricity comparison website by finding out which supplier offers best deals for their consumption habit. But the pertinent question is whether these electricity price plans actually help in cutting down the electricity bills of Singaporeans? What is electricity price plan? Earlier, there was a standard pricing policy for the electricity but OEM has allowed the electricity retailers to adopt different pricing policies for benefitting their consumers. Just like you have various price packages for your cable connection, club membership, or gym membership, you can choose a price plan based on your needs. Here’s a look at what some of the price plans include: 1. Add-ons With increase in competition, the power companies will need to stand apart from the competitors. This means, they will have to come up with something extra apart from lucrative price plans such as offering discounts on energy-efficient appliances. There should be something that attracts customers to them instead of their competitors. 2. A green price plan This can be a price plan where the power supply is derived from non-fuel sources like solar energy which doesn’t harm the nature and help in contributing your bit to conserve Mother Nature. These plans can help in saving electricity even when your appliance, such as AC, is on. You can choose such plans from an electricity comparison website. 3. Cheaper base cost There are people who are mostly on tours and trips or stay abroad for significant time of the year. These people have extremely low energy consumption. The low usage plans can help them as they have a cheap base cost and they will be further charged for excess consumption above certain level. 4. Night plan

  2. This unique plan allows you to compare electricity rates in Singapore and save money as it costs less during day as compared to night. This is perfect for working professionals who are at home only at night and spend time watching TV or using computers late at night. Explore the web for more information and suggestions on how to compare electricity rates in Singapore before making the decision to switch the retailer.

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