Tuas Power Supply Electricity Retailer Review: Competitive Rates?
Tuas Power Supply Electricity Retailer Review: Competitive Rates?
ValueChampion Rating 
Pros
- Individuals electricity plans with fixed rates for up to 3 years
- Those that prefer a electricity retailer that is also an electricity generator
Cons
- Individuals seeking tariff discounted plans
- Households seeking the cheapest possible electricity rates
At 16.75¢, Tuas Power Supply currently offers the cheapest electricity rates for a shorter-term, 6-month fixed rate plan (PowerFIX 6 Care) as well as for a 12-month discount off the regulated tariff plan (PowerDO 12 Care) . It is not, however, as competitive when it comes to longer-term contracts as some other retailers are. In this article we review Tuas Power Supply's electricity plans and compare them to those of its competitors.
| Summary of Tuas Power's Electricity Plans |
|---|
| Competitively Priced Shorter-Term Plans |
| Less Competitive Longer-Term Electricity Rates |
| Generates & Retails Electricity |
| Earn NTUC Linkpoints |
| Free AVIVA Personal Accident or Home Contents Insurance (1 year) |
Table of Contents
What Makes Tuas Power Supply Stand Out to Consumers?
Tuas Power Supply (TPS) offers some of the cheapest fixed price plans (PowerFix 6 Care) and tariff discount plans (PowerDO 12 Care). These fixed rate plans are useful as they allow households to lock in an affordable rate for a longer period of time. However, depending on the electricity tariff set by SP Group for any given quarter, it might be more economical to choose a tariff discount plan. If you would are looking for cheapest retailers for fixed price plans with longer-term contracts, consider reviewing our guide on best electricity retailers .
| Plan | Contract Duration | Pricing Type | Price (per kWh) | Monthly Bill |
|---|---|---|---|---|
| PowerFix 12 | 12 Months | Fixed Price | 32.32¢ | S$121.20 |
| PowerFix 24 | 24 Months | Fixed Price | 32.32¢ | S$121.20 |
| Estimated bill assumes 375 kWh, typical usage for 4-Room HDB Flat | ||||
Aside from its rates (listed above), Tuas offers a range of promotional packages, which may interest prospective customers. For example, Tuas is currently offering 1 year of Aviva Home Contents or Personal Accident coverage. If you happen to be shopping for both products, this might be worth keeping in mind.
Tuas also allows customers to earn NTUC Linkpoints by paying their bill. The electricity retailer also gives referral bonuses to current customers that refer their friends.
How to Enroll: TPS Sign-Up Process
If you like the sounds of Tuas Power's electricity plans, you can sign up by clicking any of the buttons on this page and going to their website. Once on the TPS site, you will be prompted to provide personal contact information and review your preferred contract's documentation.
In order to avail the Aviva insurance policies, TPS’ customers are required to meet with an Aviva representative in order to get a full introduction to the products and to complete the relevant application. To read more about home insurance and personal accident insurance, please review our comparison pages.
Other Charges and Fees
Tuas Power Supply charges a few standard fees, which are easy to avoid with proper planning when considering electricity retailers. Avoiding these types of fees is important as they can cut into your savings. In order to do so, please review the table below.
| Fee | Amount |
|---|---|
| Early Termination Fee | S$200 |
| Late Payment | 1% per month on outstanding amount |
| One-time meter installation fee | S$42.80 (after GST) |
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Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.