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With the upcoming adjustment from 1 Apr 2024, how will it affect my electricity bill if I am buying electricity from a retailer?
For consumers with retail electricity price plans entered before 1 Apr 2024 and expiring after 1 Apr 2024, depending on the terms under your retail contract, the rates may be adjusted during the contract tenure to reflect the effective rate from 1 Apr 2024. Consumers may wish to check with your electricity retailer.
For new sign-ups/renewals from 1 Apr 2024, retailers are expected to factor in the revised Market Development and Systems Charge (MDSC) rate in their retail price plans. Consumers may wish to confirm with the electricity retailers before signing up for any retail price plan from 1 Apr 2024.