Several electricity retailers in Singapore are introducing plans with lower electricity rates during off-peak hours, potentially reducing residents' bills significantly. These Time-Of-Use plans, requiring smart meters, are expected to become more competitive as more retailers join the trend.
Several electricity retailers in Singapore have rolled out plans that offer cheaper rates during off-peak hours. These can help residents slash their bills by as much as a third. Currently, three retailers are offering such Time-Of-Use plans, which require a smart meter to track daily electrical consumption at half-hourly intervals.
With more retailers about to launch similar schemes, it could lead to even cheaper plans amid stiffer competition. Ivy Chok reports. With more retailers about to launch similar schemes, it could lead to even cheaper plans amid stiffer competition. Ivy Chok reports.News Video ReportsWe know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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