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

SP Group is the main electricity provider for customers who remain on the regulated tariff scheme, also known as the SP regulated tariff.

Rising fuel prices or changes in supply can cause the regulated tariff to increase, which directly impacts household bills.

Consumers can check the current rate online or through their SP Utilities app for the most accurate figure.

Switching to another retailer is simple, and many Singaporeans compare both price and contract sp electricity rate​ 8 36 terms before making a change.

Look out for national campaigns and incentives that promote smarter energy use and offer savings on your utility bills.

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