Author Topic: Are you still using SP ?  (Read 4646 times)

Offline whitesox

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Are you still using SP ?
« on: November 04, 2018, 22:09 »
Hi Bro,
Today, there are two companies from Geneco and Keppel that had a roadshow located at Kampung admiralty and Causeway Point.
They were trying to convince me to switch my power supply from SP to them so I can save 20% of my current power bill.
I must sign a contract with them for 2 or 3 years in order to fix their rate.

https://blog.seedly.sg/electricity-retailer-comparison-cheapest-in-singapore/

Is it a good idea?
What is your opinion

 ???



« Last Edit: November 04, 2018, 22:11 by whitesox »

Offline Audiolab

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Re: Are you still using SP ?
« Reply #1 on: November 04, 2018, 22:30 »
I changed mine a few months back as my area was pilot.

I did hesitate and took 2-3 months before committing.

From then on, I never look back. Was saving good money as I got a fixed rate of 0.1638/kWh for 2 years. The same service provider has increased their price due to recent oil price hikes as well as price revision by SP. their current price on same contract terms is now 0.1937/kWh. That’s an increase of 18% vs my rate.

Current SP rate is 0.2413/kWh. I am getting a savings of about 47%. Based on my average usage, I am saving around $50 per month which is $600 per year. I am definitely not complaining.

Offline pschia

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Re: Are you still using SP ?
« Reply #2 on: November 04, 2018, 22:57 »
Which genco?
Keppel seems to have the lowest rate currently.
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Offline Audiolab

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Re: Are you still using SP ?
« Reply #3 on: November 04, 2018, 23:21 »
During when I sign up, Best is cheapest.

Offline pschia

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Re: Are you still using SP ?
« Reply #4 on: November 05, 2018, 01:55 »
Currently Keppel's fixed rate is 17.98 cents/kWh with GST.
Best is not the cheapest now.
Strangely, we can't choose Keppel from the Open Energy Market web site.
All things bright and beautiful
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Offline Audiolab

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Re: Are you still using SP ?
« Reply #5 on: November 05, 2018, 08:16 »
Just took a look at Keppel's facebook. Pretty scary in terms of comments.

Keppel is one of the OEM not assorb carbon tax, and better check on their fb review rating...been complaint till siao for their customer service quality. Dont just decide by the lowest rate. Sale service,promotion,rebate, company reputation also factors to be consider.
Keppel is one of the OEM not assorb carbon tax, and better check on their fb review rating...been complaint till siao for their customer service quality. Dont just decide by the lowest rate. Sale service,promotion,rebate, company reputation also factors to be consider.

Offline whitesox

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Re: Are you still using SP ?
« Reply #6 on: November 05, 2018, 15:40 »
Which genco?
Keppel seems to have the lowest rate currently.

I was told by Keppel guy (per kwh):
* Keppel:  16.80c
* Geneco: 16.88c
* SP       : 24.13c


Offline Audiolab

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Re: Are you still using SP ?
« Reply #7 on: November 05, 2018, 15:52 »
I just realize that Keppel charges Transmission Lost Factor to consumers as well. So that is another 3-4% additional.

I was told by Keppel guy (per kwh):
* Keppel:  16.80c
* Geneco: 16.88c
* SP       : 24.13c



Offline synthesis

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Re: Are you still using SP ?
« Reply #8 on: November 05, 2018, 16:21 »
Transmission loss factor, carbon tax,...... end up what? 19 cents per kwH? Still quite a bit cheaper than 24 cents per kwH from SP.

Offline Audiolab

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Re: Are you still using SP ?
« Reply #9 on: November 05, 2018, 16:27 »
Overall will still be cheaper. The only thing to note is that not all provider charge Transmission loss factor and carbon tax. So when comparison, must compare Apple to Apple. Dun just look at the advertise rate. Make sure to get the final rate with all the add ons.

To be fair, when I sign up earlier, I did not know about Transmission Lost Factor and etc. Only knew today after I read about the complains in Keppel Electric Facebook and they are one of the provider charging that.

Transmission loss factor, carbon tax,...... end up what? 19 cents per kwH? Still quite a bit cheaper than 24 cents per kwH from SP.

Offline kelvinsin

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Re: Are you still using SP ?
« Reply #10 on: November 05, 2018, 18:08 »
Origin from hardwarezone
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Offline bigtree

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Re: Are you still using SP ?
« Reply #11 on: November 05, 2018, 18:46 »
can check what the chances for these power retailers to collect security deposit and run off like the bike sharing company? some names dun look familiar at all....

Offline pschia

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Re: Are you still using SP ?
« Reply #12 on: November 05, 2018, 18:49 »
So Keppel’s rates are already inclusive of Carbon Tax?
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Offline pschia

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Re: Are you still using SP ?
« Reply #13 on: November 05, 2018, 20:53 »
No
But the table you posted said Keppel's rate included Carbon Tax woh  ???
All things bright and beautiful
All creatures great and small
All things wise and wonderful
The Lord God made them all
Cecil Francis Alexander 1818-1895

Offline kelvinsin

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Re: Are you still using SP ?
« Reply #14 on: November 05, 2018, 21:39 »
But the table you posted said Keppel's rate included Carbon Tax woh  ???
Yes in the table. No on the rate stated in their flyer.
HT: Pioneer LX-89, Emotiva XPA-5, Dali Ikon 7 MK2, Tannoy Revolution DC6Tse, Tannoy Revolution Signature DC6LCR, Deft Tech Pro Monitor 800,Dali Lektor 2,HSU ULS15 MK2, Velodyne SPL800i, Zidoo x9s,Philips S9700, Oppo 203, LG OLED65C8P
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