Six reasons to switch to this electricity provider, Singapore News

If one of your New Year's resolutions is to reduce your spending, here's where you can make significant savings: your electricity bill.

The soft launch of the Open Electricity Market (OEM) on April 1, 2018, to residents in the Jurong area allowed households to choose from different electricity providers offering various price plans. The OEM, which is introduced in stages, will be available to all Singapore households by May.

Under the OEM, consumers can choose the price plan that is best suited to their household's usage, instead of buying electricity at the regulated tariff.

And here are reasons why you should choose Keppel Electric for your electricity needs:

Mr Faiz saves up to 20 per cent on his bill with Keppel Electric's FIXED24 plan.Photo: Faiz Haziq

1. Significant savings on your electricity bill

Mr Faiz Haziq made the switch to Keppel Electric last August. Since then, the owner of a four-room HDB flat in Jurong West has saved up to 20 per cent on his bill.

"After careful research and comparisons, I chose Keppel Electric as it offers one of the lowest fixed rate plans," he says.

"My bill for May/June was $107.65 with 486kWh usage, but after switching to Keppel's FIXED24 plan, my Oct/Nov bill was only $72.75* with 440kWh usage. That's encouraging."

Another customer, Mr Victor Lok, who switched to the FIXED12 plan last April, has saved about $20 to $25 a month on his electricity bill for his five-room HDB flat in Taman Jurong.

"Initially, I was not too sure about the OEM. I chose....

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