Commercial Electricity Tariff Singapore

Discounted electricity tariff solar energy plans for those who want big savings and at the same time be powered by 50 local solar energy in singapore.

Commercial electricity tariff singapore.

Commercial and industrial c i consumers of electricity are grouped into either contestable or non contestable consumers in singapore. Or 20 97 cents per kwh if you want to factor in the 7 gst. Electricity tariff in singapore. This part of the tariff reflects the cost of generating and delivering electricity to our homes.

In 2018 the average electricity tariff was at 21 9 singapore cents per kilowatt hour. Sp group supplies the electricity to consumers in singapore and get a fixed percentage out of the tariff for managing the power grid and providing billing and meter reading services. The tariff is the amount charged by the electricity supplier in singapore it is the sp group for using electric power. 50 solar energy 15 discount off sp electricity tariff singapore 24 months contract.

The statistic shows the annual average electricity tariffs in singapore from 2005 to 2019. From 1st may 2019 onwards if your account is non domestic and is located in singapore you are eligible to switch electricity retailer. Contestable consumers are able to buy electricity from a number of retailers or wholesalers in an open market. It is set by sp services and is the price that every residential consumer was paying before the oem and now if they have not switched to an electricity retailer.

Based on the tariff in q1 2019 sp group gets approximately 24 out of the 23 85 cents per kwh paid by households. Save big also be powered by 50 solar. In simpler words it means that if you live in a 4 room hdb flat. If my company s electricity consumption is less than 2 000 kwh can i switch my commercial electricity provider to iswitch.

Electricity tariffs will increase by an average of 6 9 per cent or 1 50 cents per kwh from jul 1 to sep 30 this year compared to the previous quarter sp group announced on friday jun. This is the market practice in asia for natural gas contracts. Electricity tariffs are regulated by the energy market authority ema and revised quarterly to reflect the actual cost of electricity.