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.

Rising fuel prices or changes in supply can cause the regulated tariff to increase, which directly impacts household bills.

The SP regulated tariff is published on the SP Group website and in media channels at the start of each quarter—usually quoted in cents per kWh (kilowatt-hour).

Since the launch of OEM, residents can 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.

Overall, understanding read more SP electricity rates allows Singaporeans to manage costs effectively and choose the best plan for their needs.