Due to higher fuel costs, electricity tariff is up 8.7 per cent.

According to a SP Group press release published on Mar. 31, the electricity tariff for households increased from 20.76 to 22.55 (before GST) cents per kWh for the period of Apr. 1 to June 30, 2021.

This means the average monthly electricity bill for families living in four-room HDB

flats will increase by $5.62 (before GST).

But it’s no secret really.

In the Budget debate in March this year, Second Minister for Trade and Industry Tan See Leng said that electricity prices are likely to increase as Singapore's electricity overcapacity situation normalises and fuel prices rise as global demand for fuel recovers.

“Even when prices do go up, we will do our best to ensure that this gradient is gradual, and the Government will act where necessary to minimise excessive surges,” he explained.

Here’s another non-secret

Are you one of those lamenting about the increase? Why subject yourself to volatility and market trends when you can lock in a fixed rate or a discount off the electricity tariffs for the next couple of years before the hike kicks in?

Yes, we are referring to the electricity retailers on the open electricity market.

In fact, Tan has encouraged households to consider fixed-price electricity plans amid fuel price volatility since last year.

But why not?

According to a survey by EMA published on Nov. 24 last year, four in 10 households have switched to a new electricity retailer as of end Oct. 2020. Or 48 per cent, to be precise.

Which begs the question: why are the remaining households still not choosing an electricity retailer on the open electricity market?

Lack of information? Comfortable with the status quo? Afraid to face the admin and paperwork?

Well, if it’s the latter, you will be glad to know that choosing an electricity retailer is really painless and hassle-free.

Take Tuas Power for instance

You can simply head over to their website anywhere, anytime, to sign up. If you require any clarification, they are just a phone call (6838 6888) away, where a Tuas Power representative will be more than happy to assist you.

Tuas Power is known for its service and is trusted by their new and renewed customers for convenience and the most customer-centric plans. With perfect 5-star ratings from new and renewal customers, it’s not a stretch to say Tuas Power is a reliable and customer-first electricity retailer.

And if you are comfortable with the status quo, you will be more than happy that the billing comes with the same SP bill so for your convenience, there will be no changes to the current payment arrangement you are used to.

For those who are eligible for U-Save, you will be pleased to know that even if you change your electricity retailer to Tuas Power, you are still able to use the voucher for your utilities bill.

Tuas Power’s customers enjoy the same time deduction of U-Save for water, gas and electricity. Which means there’s no need to wait for the deduction of water and gas, followed by electricity, when you choose Tuas Power.

What’s more? Tuas Power offers free 12-month Aviva insurance, and you have the option to choose from Home Contents, Dengue Aid or Utilities Relief Insurance when you sign up an electricity plan with them.

Not giving enough? How about the rebates?

Enjoy up to $100 bill rebate when you sign up any 18, 24 or 36-month plans online now.

The electricity retailer is also running a special deal where customers get to receive a $40 bill rebate* when you sign up for a PowerFIX 24 Care plan at $0.1828/kWh (GST inclusive)

Do yourself a favour and sign up now with Tuas Power which translates to greater savings for you and your loved ones.

*Terms and conditions apply. Calculated savings based on Q2 2021 tariff, S$0.2413/kWh (GST inclusive)

Top photo by Lily Banse via Unsplash

This sponsored post is powered by Tuas Power.