Singapore has deregulated its electricity market. Its people are buying electricity from the electricity market. The price will vary according to the electricity plans chosen; however, most plans will centre around and be slightly lower than the regulated price. The defaulted power supply retailer is SP Group.
Singapore's regulated rate will change once every 3 months or quarterly. It is worked out based on the past market price using a complex formula which not many people cannot understand. Here is a chart from SP Group indicating the prices for various quarters since 2020
1) Among the popular countries
Source: Cable.co.uk
2) Among Most Expensive Countries
3) Among the ASEAN Countries
4) Among Most Popular Countries
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