Electricity retailers are rolling out new plans and promotions as more households look to lock in their electricity rates amid higher energy costs.

The proportion of households on fixed-price plans has risen from 36.6% in February to 38.4% in September, while retailers have introduced new discounts, rebates and longer-term fixed-price contracts.

So what is driving this shift, what do the different plans actually offer and what should households look out for when deciding whether to switch?

On The Big Story, Hongbin Jeong speaks with Dr Sung Jinseok, Research Fellow at the Energy Studies Institute at the National University of Singapore, to find out more. 

Electricity retailers are rolling out new plans and promotions as more households look to lock in their electricity rates amid higher energy costs.
The proportion of households on fixed-price plans has risen from 36.6% in February to 38.4% in September, while retailers have introduced new discounts, rebates and longer-term fixed-price contracts.
So what is driving this shift, what do the different plans actually offer and what should households look out for when deciding whether to switch?
On The Big Story, Hongbin Jeong speaks with Dr Sung Jinseok, Research Fellow at the Energy Studies Institute at the National University of Singapore, to find out more.&nbsp;

Your Way Home with Hongbin Jeong is your 4–8pm drive companion.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.