Published on: 25/09/2018
The nation-wide roll-out of the Open Electricity Market (OEM) is already in the works, and we can’t be more excited! There’s no better time to start saving on your electricity bill. Refer to the rollout schedule here to check your eligibility to switch.
If you’re unsure whether switching to an electricity retailer is the right choice, we’ve also prepared an infographic on the benefits of switching to help you weigh your options.
1. Save up to 30% on your electricity bills
Most plans offered by Electricity Retailers are generally cheaper compared to the regulated tariff. Furthermore, with so many Retailers in the market, consumers stand to benefit even more from some healthy competition amongst Retailers themselves, as it drives them to offer attractive price plans and discounts to boost sign-up rates.
2. Win attractive promotions and freebies upon signup
Just as any other competitions, Retailers often strive to outshine their opponents beyond just prices, by bundling in free gifts and other value-added services. Now is the best time to take advantage of this and grab those vouchers and freebies!
3. Choose from more energy options
You now have the liberty to choose how you want to power your home, either with natural gas, as per current arrangement, or with solar power. For environmentally-concerned consumers who want to play your part in promoting sustainable living, you can do so by purchasing green energy from certified Electricity Retailers.
4. Gain freedom of choice and power of voice
Exercise your rights as a consumer; decide how you buy your electricity. With freedom of choice, comes power of voice. Switching to a Retailer allows you to interact and share your feedback. Subsequently, it will prompt them to improve their plans and services, to entice new and existing consumers to sign-up or re-contract.
5. Maximise savings through awareness of electricity consumption
Gone are the days where we can’t lay a finger on why our bill is so expensive.
The introduction of OEM has made us more conscious about how we consume electricity. From buying electricity at the regulated tariff from a single supplier, we can now choose from different types of plans such as the fixed rate and discount off tariff plans.
To maximise savings, ultimately, it’s all about understanding your usage patterns and finding a plan that can cater to that need. This eventually leads to more considerate consumption, which saves cost and—hopefully—natural resources in the long run.
While the process of switching has been made seamless, the comparison process isn’t as straightforward. Understanding your usage pattern is one thing, browsing through a long list and finding the right plan that meets all your needs is another. That’s the gap Electrify is striving to bridge. We are Singapore’s first retail electricity marketplace to help household and business consumers compare electricity plans with ease. Visit ELECTRIFY.SG to find out how you can maximise your savings.