Nicholas Tan Yi Da - Seedly
Nicholas Tan Yi Da

Matriculated to SUTD 2019. Also an Open Electricity Market promoter, feel free to ask ne any qns about the OEM market, will be glad to help you ans 😊

Nicholas Tan Yi Da

5Upvotes

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Matriculated to SUTD 2019. Also an Open Electricity Market promoter, feel free to ask ne any qns about the OEM market, will be glad to help you ans 😊

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Nicholas Tan Yi Da

5Upvotes
  • Answers (21)
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SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Updated 2w ago
My general rule of thumb is to choose companies that are 1)big well established companies(e.g. companies with their own power generation factories like tuas, keppel etc. 2)trustworthy 3) transparent in their billing/fees and also for some who wish more convinience , maybe choose ones that are the same SP bill. Hope that helps:)

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Updated 2w ago
Take note, most electricity plans do not require AMI meter, the govt will eventually install for everybody for free Unless u choose very special plans: e.g. both day and night have different charges, thats when AMI comes in to track how much u use during day n night individually to calculate the total cost. Hope that clarifies :)

SeedlyTV EP08

iSwitch

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
Well that one they answered in the faq on why they charge ah, u can go check it out.

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
True i agree there is just too many companies to choose from,as mkt is already so small and competitive, as to how to choose one, u can take a look at my profile for the similar qns i answered, hope that clarifies :)

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
Well prices will eventually go up for sure, cos of inflation and gst which u have to take note in future. However, prices will never ever go beyond SP price as mandated by EMA, so you will still save in future but probably not as much as now.

SeedlyTV EP08

Electricity Market

Senoko Energy

Diamond Electric

iSwitch

Sembcorp Power

Tuas Power

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Updated 2w ago
My general rule of thumb is to choose companies that are 1)big well established companies(e.g. companies with their own power generation factories like tuas, keppel etc. 2)trustworthy 3) transparent in their billing/fees and also for some who wish more convinience , maybe choose ones that are the same SP bill. Hope that helps:)

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
If you currently have solar panels, unfortunately you wont be able to switch to another retailer as most retailers dont accept households of such types for now.

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
Well if you scared of the variation of the SP tariff like whether it will go up or down, my recommendation to u is the DOT plan where regardsless of price, it is guranteed numerical percentage savings of ur monthly electricty bill. But if u wan to save more, based on current plans offered by most companies, fixed price would be better as historical trends of SP tariff shows it is on an increasing trend, albeit not sharp spikes but gradual. Hope that clarifies

SeedlyTV EP08

Electricity Market

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
I can definitely say for sure for down the road some may close down as the bigger players consolidate their mkt share, as the SG is too small and too competitive, like closure of ESPower recently. Rule of thumb, choose the bigger companies yeah😉

SeedlyTV EP08

Electricity Market

Sembcorp Power

iSwitch

Tuas Power

Senoko Energy

Diamond Electric

Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 3. Wonderkid
Answered 2w ago
Well prices are similar, the only thing u can do is to weigh the pros and cons of other stuff, such as whether its same bill, hidden fees, promotions, trustworthiness of the company transparency of billing, etc. Hope that helps :)
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Level 3. Wonderkid
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