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The calculation of the Security Deposit is 2 months electricity bills and the formula is:
(Average monthly consumption based on the latest 3 months electricity consumption) multiply by (The current regulated tariff) multiply by (2 months)
Business customers – In the event that no historical billing information is available, kindly contact our customer service hotline at6-DIAMOND (6342-6663).
Based on the business customer’s monthly average electricity consumption, the Security Deposit amount may adjust from time to time in accordance to the formula above.
|Description||Rate||Unit||Party Charged To|
|Energy Market Company Administration Charges (EMC Fees)||variable||$ / kWh||Diamond Electric|
|Power System Operator Administration Charges (PSO Fees)||variable|
|Hourly Energy Uplift Rebate (HEUR)||variable|
|Monthly Energy Uplift Charges (MEUC)||variable|
|Allocated Regulation Price (AFP)||variable|
|Uniform Singapore Energy Price (USEP)||variable|
|Transmission Use-of-System Charges|
|Peak Period Charges||$ 0.0568||$ / kWh||Diamond Electric|
|Off Peak Period Charges||$ 0.0427|
|Recurring Market Support Service Charges|
|Meter Reading and Data Management||$ 2.33||$ / meter||Diamond Electric|
|Market Development and Systems Charge||$ 0.004263||$ / kWh|
|Retail Settlement Uplift||$ 0.001217||$ / kWh|
|Telephone Line Subscription used for Remote Meter Reading (if applicable)||Fixed Line: $13.38/month|
GSM Line: $16.05/month
|$ / account||Consumer|
|Value Added Services|
|Paper Bill (if applicable)||$1.07||$ / bill||Consumer|
|AMI Installation Fee (if applicable)||$42.80||$ / meter||Consumer|
|GIRO Admin. Charge per GIRO Rejection||$1.07||$ / time||Consumer|
|Credit/Debit/Cheque Admin. Charge per Payment Rejection||$5.35||$ / time||Consumer|
|Account Closure / Ad-hoc Meter Reading||$10.70 / $21.40||$ / time||Consumer|
|Express Closure Fee (For Freedom Plans only)||$32.10||$ / time||Consumer|
There will be a charge of $10.70 (inclusive of GST) for account closure collected on behalf of SP Services in the event you close your account directly with us.
You may contact us at Tel : 6-DIAMOND (6-342-6663, +65 6342-6663 from overseas) or Email : email@example.com for more information.
The formula to calculate the early termination penalty is:
(50% of the average monthly bill based on the last 3 months’ bills) multiply by (number of unfulfilled contract months)
Supposed your last 3 months bills is $90, $140 and $130. Your average monthly bill is $120.
You have 3 months remaining in your contract, when you want to proceed with an early termination, the amount is:
50% x ($120) x 3 months = $180
Diamond Energy Merchants Pte. Ltd.
Electricity Retail licence no. EMA/RE/009
Company registration no. 201116636
All rights reserved 2019
1 CleanTech Loop, #02-08 CleanTech One, Singapore 637141
Tel 6342 6663 | Fax 6692 7741