CNA Explains: Electricity tariffs are at a record high. Should you lock in a plan now or wait?

According to Channel NewsAsia, electricity tariffs in Singapore have hit record highs, forcing households to make a crucial choice: lock in a fixed retail rate now, or wait and hope prices fall. Nearly two-thirds of homes still rely on SP Group's regulated tariff, which changes monthly. A fixed plan offers certainty, but if rates drop, you're locked in at the peak. With energy costs at their peak, the real question is whether you can afford to gamble on lower prices.

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