Voodooman Supersonic September 30, 2020 Share September 30, 2020 Asking for a friend, who offers best fixed rate tariff for 3 years now? ↡ Advertisement Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear September 30, 2020 Share September 30, 2020 3 hours ago, Voodooman said: Asking for a friend, who offers best fixed rate tariff for 3 years now? Tell him not to be lazy and check himself. https://compare.openelectricitymarket.sg/#/home If it is a babe, then you check for her. Link to post Share on other sites More sharing options...
Voodooman Supersonic September 30, 2020 Share September 30, 2020 1 hour ago, ToyotaShuttle said: Tell him not to be lazy and check himself. https://compare.openelectricitymarket.sg/#/home If it is a babe, then you check for her. Thanks but there is no 36 months fixed tariff plan but i heard some retailers are offering that. Link to post Share on other sites More sharing options...
Etnt Turbocharged September 30, 2020 Share September 30, 2020 36months may not be cheapest anymore. eg https://www.geneco.sg/residential/electricity-plans/ 24months cheaper. think they also scared commit for so long. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 30, 2020 Share September 30, 2020 4 hours ago, Mustank said: Who haven’t switch to fixed rate one? https://www.channelnewsasia.com/news/singapore/household-electricity-tariff-rise-sp-group-q4-2020-13163120 Me! I thought a recession was coming and oil price will half so I went with floating rate. All this happened but I learnt one very important lesson. Oil price goes down from $90 to $40 and electricity comes down a bit only. The it goes up $5 and electricity price goes up a lot. Next time I am going for FIXED rates. 1 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic September 30, 2020 Share September 30, 2020 16 minutes ago, Jamesc said: Me! I thought a recession was coming and oil price will half so I went with floating rate. All this happened but I learnt one very important lesson. Oil price goes down from $90 to $40 and electricity comes down a bit only. The it goes up $5 and electricity price goes up a lot. Next time I am going for FIXED rates. Wah you don’t say I also don’t know i just go by feeling one anyway win lose is only maybe $10 per monhh Th 1 Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear September 30, 2020 Share September 30, 2020 1 hour ago, Jamesc said: Me! I thought a recession was coming and oil price will half so I went with floating rate. All this happened but I learnt one very important lesson. Oil price goes down from $90 to $40 and electricity comes down a bit only. The it goes up $5 and electricity price goes up a lot. Next time I am going for FIXED rates. when oil price go up, they will tell you that their procurement cost is based on oil price so need to raise the electricity price to you as well. when oil price go down, they will tell you that they are burning pipeline gas and LNG so cannot lower elec price. 1 1 Link to post Share on other sites More sharing options...
Adrianli Hypersonic September 30, 2020 Share September 30, 2020 6 hours ago, Mustank said: Who haven’t switch to fixed rate one? https://www.channelnewsasia.com/news/singapore/household-electricity-tariff-rise-sp-group-q4-2020-13163120 I am on fixed discount and happy with it. Tariff down, I pay lesser. Tariff up, I pay a little more. But with loyalty discount of 1-2%, I guess it sorts of even it out. 1 Link to post Share on other sites More sharing options...
Chongster 6th Gear September 30, 2020 Share September 30, 2020 i am on SingPower wholesale, didnt fix. 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic September 30, 2020 Share September 30, 2020 2 hours ago, Jamesc said: Me! I thought a recession was coming and oil price will half so I went with floating rate. All this happened but I learnt one very important lesson. Oil price goes down from $90 to $40 and electricity comes down a bit only. The it goes up $5 and electricity price goes up a lot. Next time I am going for FIXED rates. at one time Ohm had one plan which was 2-year at SP tariff -25% ... was thinking of that or Geneco 2-year fixed, in the end decided on Geneco 2-year fixed. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 30, 2020 Share September 30, 2020 6 minutes ago, Blueray said: at one time Ohm had one plan which was 2-year at SP tariff -25% ... was thinking of that or Geneco 2-year fixed, in the end decided on Geneco 2-year fixed. Smart move. I am on the SP tariff -22% with Keppel. So far I had 2 quarters down and 2 quarters up. But the price down a bit only and the price up a lot lot more. Link to post Share on other sites More sharing options...
Blueray Hypersonic September 30, 2020 Share September 30, 2020 4 minutes ago, Jamesc said: Smart move. I am on the SP tariff -22% with Keppel. So far I had 2 quarters down and 2 quarters up. But the price down a bit only and the price up a lot lot more. I am actually very surprised why this round SP tariff actually went up. but I guess its a complex formula which only EMA understands. 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic September 30, 2020 Share September 30, 2020 4 hours ago, ToyotaShuttle said: Tell him not to be lazy and check himself. https://compare.openelectricitymarket.sg/#/home If it is a babe, then you check for her. SP Power app also got the same info Link to post Share on other sites More sharing options...
Voodooman Supersonic September 30, 2020 Share September 30, 2020 3 hours ago, Etnt said: 36months may not be cheapest anymore. eg https://www.geneco.sg/residential/electricity-plans/ 24months cheaper. think they also scared commit for so long. Thanks, i locked in at 17.6 cts for 3 years when oil prices was much higher. Link to post Share on other sites More sharing options...
Voodooman Supersonic September 30, 2020 Share September 30, 2020 42 minutes ago, Blueray said: I am actually very surprised why this round SP tariff actually went up. but I guess its a complex formula which only EMA understands. It is based on average daily oil prices in the previous quarter according to what i have read. Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 30, 2020 Share September 30, 2020 2 hours ago, Blueray said: I am actually very surprised why this round SP tariff actually went up. but I guess its a complex formula which only EMA understands. Yah lah oil prices is actually going down again. The rule they apply is heads they win, tails we lose. This is why next time I am going fixed. 2 Link to post Share on other sites More sharing options...
Mustank Hypersonic October 1, 2020 Share October 1, 2020 14 hours ago, ToyotaShuttle said: Tell him not to be lazy and check himself. https://compare.openelectricitymarket.sg/#/home If it is a babe, then you check for her. 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 1, 2020 Share October 1, 2020 (edited) 8 hours ago, Jamesc said: Yah lah oil prices is actually going down again. The rule they apply is heads they win, tails we lose. This is why next time I am going fixed. Just make sure you don't sign up for fixed price when the rate is at the highest.🤣 Edited October 1, 2020 by Ct3833 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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