Many Singaporeans keep an eye on SP electricity rates to budget monthly expenses and compare against other electricity retailers.

The SP rate is reviewed every three months and is based on fuel costs, market conditions, and operational expenses.

Singapore’s electricity rates are influenced by global energy trends, so any spike in fuel costs may be reflected in the quarterly tariff.

For example, the rate for a given quarter might be around 27–30 cents per kWh, but this changes based on market conditions.

Since website the launch of OEM, residents can switch providers if they find a better deal or prefer a fixed-rate plan over the variable tariff.

Besides comparing rates, residents are encouraged to monitor their energy usage and take advantage of tips and rebates offered by SP Group and government schemes.

In summary, whether you stick with SP or explore other retailers, staying informed about electricity rates is key to controlling your household budget.