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Old 20-03-2018, 05:09 PM   #61
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What's the current rates in the first place?
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Old 20-03-2018, 05:10 PM   #62
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Cheap is one thing but reliable or not? Wait every few days blackout sia.
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Old 20-03-2018, 05:32 PM   #63
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Am wondering why these providers, which have arguable less economies of scale and less market share and capital than SP, are able to offer better deals than SP.

Any insight?
Think of it like our telecom industry. Before deregulation, there was only Singtel Starhub and M1. After they de-regulate, Circles.life came in. Circles uses M1 network, they purchase wholesale bandwidth from M1 and sell it cheaply.

Think of M1 as SP Group, Circles.life as Keppel Electric (for example)

What's the current rates in the first place?
Current Quarterly rates is $0.2156/kwh
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Old 20-03-2018, 05:40 PM   #64
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so the hidden charges such as 3rd party charges all add up maybe same as SP power?

my current electricity bill only about $40/mth, not sure if choose cheaper coy + 3rd party charges end up higher bills or not
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Old 20-03-2018, 05:45 PM   #65
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so the hidden charges such as 3rd party charges all add up maybe same as SP power?

my current electricity bill only about $40/mth, not sure if choose cheaper coy + 3rd party charges end up higher bills or not
Yea they nv explicitly state all the hidden fees
And also they charge based on the power released onto grid
There is bound to be 4-6% loss in power due to inefficiency of grid
The cost of this loss is charged to the customer a/c too
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Old 20-03-2018, 05:49 PM   #66
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SP power better right.. the rest of the provider later trip la no power la dunno reliable or not better let people test first then change.
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Old 20-03-2018, 05:52 PM   #67
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How people switch over to the providers physically? How they can be cheaper than incumbent?
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Old 20-03-2018, 05:52 PM   #68
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So what's the catch? Can't be so good to let SP go bust?
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Old 20-03-2018, 05:56 PM   #69
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SP power better right.. the rest of the provider later trip la no power la dunno reliable or not better let people test first then change.
Power is still supplied by SP Group. As confirmed with Seraya Geneco, if power trip, call SP Group.
SPGroup will send a bill to them and they will bill you
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Old 20-03-2018, 06:04 PM   #70
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Power is still supplied by SP Group. As confirmed with Seraya Geneco, if power trip, call SP Group.
SPGroup will send a bill to them and they will bill you
So how it work? Virtual provider, power source no change, just the people billing change? Like they take cheaper rate from main provider, then bill consumer more ex to earn?
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Old 20-03-2018, 06:08 PM   #71
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So how it work? Virtual provider, power source no change, just the people billing change? Like they take cheaper rate from main provider, then bill consumer more ex to earn?
They retailers buy electricity at wholesale rate from SP Group, and sell at a price which they think is economical to them and at a competitive price so people will take it up.
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Old 20-03-2018, 06:10 PM   #72
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Few dollars diff, just stick to SP for lesser headache. I mean if SP is really losing clients, I’m sure they will adjust their prices eventually anyways.
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Old 20-03-2018, 06:15 PM   #73
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now got offers better take the chance to use referral codes. it's just grab/uber all over again.
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Old 20-03-2018, 06:18 PM   #74
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Few dollars diff, just stick to SP for lesser headache. I mean if SP is really losing clients, I’m sure they will adjust their prices eventually anyways.
It's not a few dollars difference. It's a huge difference. More than $30 per month and $300 per year.

That's why getting the discounts plan will be good.
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Old 20-03-2018, 06:18 PM   #75
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They retailers buy electricity at wholesale rate from SP Group, and sell at a price which they think is economical to them and at a competitive price so people will take it up.
Seems like rather redundant, why can't the main power just give people the cheaper rate straight. Create a middle man just to let them earn. If everyone produce their own power sell then nothing to say. But this, think its not real competition, just creating an artificial market to make it look like competition.
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