Single Blog

What is the difference between a standard and a non-standard plan?

February 23, 2023, Written by 0 comment

We have both Standard and Non-Standard Plans as part of providing a variety to suit different customers.

Our price plans for fixed rates (18 and 36-month contracts) are classified as Non-Standard Plans due to 2 main reasons:

  1. The contract duration is not the EMA standard of 6, 12 or 24 months. Some customers might prefer a different contract duration, so Tuas Power provides for these customers.
  2. For a Standard Product’s Auto Renewal rate, it has to be the same product type as the initial contract (for e.g. When you have signed a Discount Off Tariff Plan, you will renew as a Discount Off Tariff Plan). For Auto Renewal rates for a Non-Standard Product, it need not follow the same product type during renewal but the rates must be lower than regulated tariff at point of renewal. (e.g. When you have signed a Fixed Plan, you can renew to a Fixed or Discount Off Tariff plan).

Leave a reply

Your email address will not be published. Required fields are marked *