Each time you turn on the lights, you’re bleeding money. That’s because electricity prices hit an all-time high of $0.2990/kWh in Q2 2022. The tariff will be updated in July, and we’re expecting them to go even higher due to the sad state of the world at the moment. Out of all the nine electricity retailers available in Singapore, Union.
Update [Oct 16]: Two OEM electricity providers - iSwitch and Ohm Energy - have recently announced that they will be exiting the electricity market in Singapore. Some reasons include the volatile electricity market that made pricing plans lower than the regulated tariff unsustainable and rising fuel costs. There's also a Reuters report stating that SilverCloud Energy, which supplies power to.