Open Electricity Market (OEM): What Electricity Retailer Offers Lowest Charges within Singapore?
Electricity Tariffs within Singapore (Jan until Mar Updated 2021)
Electricity tariffs are going down from 21.43 cents to 20.76 cents per kilowatt-hour (kWh), dropping over around 3.2% in contrast to past October to December period.
Alternatively, 22.21 cents per kWh suppose you seek to include additionally the 7% GST.
To simplify this, this implies that if one lives within a 4-room HDB unit: One may project one’s median monthly charges to drop by $2.39, excluding GST.
This sounds beneficial, helpful.
Many remain positively assured that the Open Electricity Market (OEM) could be lowering the charges proportionately in tandem, that guarantees lower electricity charges.
Top Electricity Suppliers in Singapore
Electricity Supplier |
Senoko Energy |
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Specialty |
Senoko Energy has provided energy to generations of Singaporeans since 1977. As a pioneer in power generation and energy solutions, they have played an instrumental role in powering the nation through its developing years. Since then, they have evolved to offer electricity supply, natural gas, advanced energy solutions, tank leasing. Services: Energy expertise, power generation, energy solutions, efficient energy, electricity supply |
| Pricing |
Request a quotation: corpcomms@senokoenergy.com |
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Website |
https://www.senokoenergy.com/ |
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Address |
31 Senoko Rd, Singapore 758103 |
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Telephone |
+65 6750 0000 |
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Opening hours |
9.30 am to 6.30 pm |
Electricity Supplier |
Geneco |
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Specialty |
Geneco is Seraya Energy’s retail energy brand. Our “Power to Empower” manifesto stems from the United Kingdom, where Geneco UK – part of the wider YTL Group of companies – has been acclaimed for its work in recycling and renewable energy. They are exploring ways to bring clean energy to more homes. Services: Electricity Plans, No hidden charges, retail energy brand, renewable energy, clean energy |
| Pricing |
Request a quotation: info@geneco.sg |
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Website |
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Address |
450 Alexandra Rd, #01-01, Singapore 119960 |
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Telephone |
+65-6363 6677 |
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Opening hours |
9 am to 5.30 pm |
Electricity Supplier |
Sembcorp |
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Specialty |
Over the last 15 years, they have powered businesses both large and small in Singapore. The beginning of their utilities business dates to 1995, when they made first utilities investment in Singapore. Overall, they were key to the success of Jurong Island as one of the world’s leading energy hubs. Services: Integrated energy player, global energy transition, energy and utilities value chain, energy-from-waste, renewable energy |
| Pricing |
Request a quotation: Support@sembcorp.com |
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Website |
https://www.sembcorppower.com/ |
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Address |
30 Hill Street, #02-01, S(179360) |
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Telephone |
+65 6727 8833 |
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Opening hours |
9 am to 5 pm |
Electricity Supplier |
Silver Cloud Energy |
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Specialty |
SilverCloud Energy has obtained the Retailer License from Energy Market Authority of Singapore (EMA), retailing electricity to commercial buildings, industrial buildings, residential buildings, other electricity end users in Singapore. They will study the electricity consumption and load profile of the consumer and work out the most suitable electricity tariff package. Services: Electricity supply, electricity retail, clean energy, solar system, electricity meters |
| Pricing |
Request a quotation: ntex@silvercloud-energy.com |
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Website |
https://www.silvercloud-energy.com/ |
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Address |
100 Lorong 23 Geylang #02-02, D’Centennial Building, Singapore 388398 |
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Telephone |
+65 9752 1835 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
Best Electricity |
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Specialty |
On 21 September this year, the Energy Market Authority announced the Open Electricity Market initiative. This means that from November this year, all 1.4 million electricity consumers in Singapore will have the option of choosing their preferred electricity price plans from as many as 12 retailers. Switch to Best Electricity! Services: Electricity supply, preferred electricity price plans, Home Saver electricity plan. SRLP meter, AMI meter |
| Pricing |
Request a quotation: enquiry@bestelectricity.com.sg |
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Website |
https://bestelectricity.com.sg/ |
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Address |
5 Benoi Place Singapore 629926 |
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Telephone |
+65-6898 2020 |
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Opening hours |
9.30 am to 6.30 pm |
Electricity Supplier |
iSwitch |
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Specialty |
iSwitch is an electricity retailer licensed by the Energy Market Authority (“EMA”) to serve the market. Their goal is to empower consumer choice—to give you more options to better manage your energy costs. They have developed a suite of Price Plans. Each iSwitch plan offers different levels of flexibility. Services: Electricity retailer, Singapore Electricity Promotions, Open Electricity Market (OEM) promotions, reliable electricity supply, Green Certified Electricity |
| Pricing |
Request a quotation: info@iswitch.com.sg |
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Website |
https://iswitch.com.sg/ |
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Address |
120, Robinson Rd, #14-01 Parakou Building, 068913 |
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Telephone |
+65-6955 9900 |
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Opening hours |
9 am to 5.30 pm |
Electricity Supplier |
Tuas Power |
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Specialty |
Tuas Power Generates and Retails Energy. Incorporated in March 1995, Tuas Power today is one of Singapore’s leading power generation companies and key provider of energy solutions, multi-utilities, and environmental services. Tuas Power provides a range of electricity solutions to help customers manage fluctuating wholesale electricity prices, match energy requirements. Services: Electricity solutions, energy requirements, electricity contracts, power generation, electricity-related services |
| Pricing |
Request a quotation: cuscare@tuaspower.com.sg |
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Website |
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Address |
11-09 Somerset Rd, Singapore 238164 |
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Telephone |
+65-6838 6888 |
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Opening hours |
8.30 am to 6 pm |
Electricity Supplier |
Pacific Light |
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Specialty |
PacificLight is an electricity power generator, retailer in Singapore. Since 2013, they have been helping Singaporean consumers effectively, simply manage their energy needs. PacificLight is an electricity power generator and retailer committed to helping our customers effectively and simply manage their energy needs. Their power plant works round the clock. Services: Electricity power generator, energy needs, power plant, sustainable electricity, electricity retailing |
| Pricing |
Request a quotation: care@pacificlight.com.sg |
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Website |
https://pacificlight.com.sg/ |
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Address |
8 Jurong Town Hall, #12-01/06 The JTC Summit, Singapore 609434 |
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Telephone |
+65- 6266 1188 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
Union Power |
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Specialty |
At Union Power, they recognise that there is more than just providing pricing options; it is also about providing a great experience. Union Power Pte Ltd is an Electricity Retailer, licensed by Energy Market Authority (EMA) and a member of Union Energy Group (UEG). They believe in achieving sustainable success. Services: Electricity Retailer, manage energy costs, Electricity Supply, lower electricity bills, Power UP plan |
| Pricing |
Request a quotation: enquiry@unionpower.com.sg |
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Website |
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Address |
25 Genting Road, #07-01, Union Energy Group Building Singapore 349482 |
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Telephone |
(+65) 6858 5555 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
Ohm |
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Specialty |
Ohm is not just another power provider. They believe having electricity should be easy. It should not be expensive. That is why they have made things low-cost. You see, with them, you take charge of your electricity needs. Using their simple online tools, you can better manage your energy supply. Services: Power provider, energy supply, electricity needs, lower power bills, lower utility bills |
| Pricing |
Request a quotation: Customer-care@ohm.sg |
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Website |
https://ohm.sg/ |
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Address |
78 Shenton Way #16-02 Singapore, Singapore 079120 |
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Telephone |
+1800 835 6463 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
Diamond Electric |
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Specialty |
Diamond Electric is retailing electricity under Diamond Energy Merchants Pte Ltd retail licence issued by the Energy Market Authority (EMA). Diamond Electric is an established smart energy solutions provider in Singapore since 2006. They use their expertise in technology to make electricity affordable and accessible to all homes and businesses. Services: Electricity provider, affordable electricity, retailing electricity, smart energy solutions, Sustainability |
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Pricing |
Request a quotation: enquiries@diamond-electric.com.sg |
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Website |
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Address |
1 Cleantech Loop, #02-07, Singapore 637141 |
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Telephone |
+65-6342 6663 |
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Opening hours |
9 am to 5 pm |
Electricity Supplier |
Schneider Electric |
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Specialty |
At Schneider, they believe access to energy and digital is a basic human right. They empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. They provide energy, automation digital solutions for efficiency, sustainability. They offer world-leading energy solutions. Services: Access to energy, home energy management systems, electric utilities, Electrical Car Charging, Power Monitoring |
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Pricing |
Request a quotation: jason.goh@sg.schneider-electric.com |
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Website |
https://www.se.com/ |
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Address |
50 Kallang Ave, Level 9, Singapore 339505 |
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Telephone |
+65-64802111 |
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Opening hours |
8.30 am to 5.30 pm |
Electricity Supplier |
SP Power |
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Specialty |
SP Group (SP) is a leading energy utilities company in Asia Pacific. Singapore Power (SP) is committed to delivering world-class electricity, gas network performance and superior market support services in Singapore, Australia. More than 1.6 million industrial, commercial, and residential customers in Singapore benefit from SP’s world-class transmission, energy distribution. Services: Energy utilities company, electricity, gas network, electricity and gas transmission, world-class electricity |
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Pricing |
Request a quotation: powerfeedback@spgroup.com.sg |
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Website |
https://www.facebook.com/SPGroupSG/ |
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Address |
2 Kallang Sector, Singapore 349277 |
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Telephone |
+65-69168888 |
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Opening hours |
8.30 am to 6 pm |
Electricity Supplier |
Keppel Electric |
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Specialty |
As Singapore’s first home grown electricity retailer, Keppel Electric has 21 years of experience in powering Singapore’s electricity grid. They have served over 30,000 satisfied clients including multinational companies, small and medium sized enterprises, government bodies and residential consumers. With Open Electricity Market, they extend reliable power utilities to you. Services: Electricity retailer, power utilities, electricity grid, electricity supply, power plans |
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Pricing |
Request a quotation: enquiry@keppelelectric.com |
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Website |
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Address |
1 Harbourfront Ave, #06-03 Keppel Bay Tower, Singapore 098632 |
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Telephone |
+65- 6803 3000 |
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Opening hours |
9 am to 5.30 pm |
Electricity Supplier |
Just Electric |
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Specialty |
Singapore has progressively opened the retail electricity market to competition to give consumers more options to manage their energy cost. Instead of buying electricity at the regulated tariff from SP Services (SPS), eligible consumers can choose to: Switch to become a contestable consumer to buy energy from an electricity retailer. Services: Electricity Retail Plans, fixed energy rate, tariff discounted plan, regulated tariff rates, dual tiered plan |
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Pricing |
Request a quotation:info@just-electric.org |
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Website |
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Address |
#05-14 Atrix, 388409, 82 Lor 23 Geylang |
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Email contact |
info@justelectric.sg |
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Opening hours |
24/7 |
Electricity Supplier |
Sunseap Group |
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Specialty |
Sunseap Group is the leading clean energy solutions provider in Singapore specializing in Solar PPA, offsite clean energy supply, EPC and O&M solar PV solutions, demand-side management, energy efficiency and more. SUSTAINABILITY. Contribute to decarbonization in countries where they operate. INNOVATION: Drive adoption of innovation across clean energy value chain Services: Clean energy, renewable energy, green energy, carbon neutrality, sustainability |
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Pricing |
Request a quotation: customercare@sunseap.com |
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Website |
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Address |
2 Boon Leat Terrace #03-04, #04-03, #04-04 Singapore 119844 |
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Telephone |
+65 6255 5623 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
Sinenergy |
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Specialty |
Sinenergy Pte Ltd is a Singapore-based company that taps into renewable energy, converting it into a viable power source. With support from parent group & business partners from other Asian countries, they bring you an unparalleled experience in designing and installation. They strive to create cost effective solutions with efficiency. Services: Solar Developer, renewable energy, power source, solar power, solar projects |
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Pricing |
Request a quotation: info@sinenergy.com.sg |
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Website |
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Address |
19, Tuas Avenue 20 Singapore, Singapore 638830 |
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Telephone |
+65-6515 6116 |
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Opening hours |
8.30 am to 5.30 pm |
Electricity Supplier |
LYS Energy Group |
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Specialty |
LYS Energy Group is the leading Singapore home-grown Solar Independent Power Producer (IPP) that builds, owns, and operates Solar PV Systems for Commercial, Industrial and Public sites in the Asia Pacific region. The company provides Asia’s trusted Renewable Energy platform offering hassle-free end-to-end clean energy solutions for businesses, renewable energy. Services: Clean and green energy, sustainability, solar energy, Solar PV Systems, Renewable Energy platform |
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Pricing |
Request a quotation: contact@lysenergy.com |
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Website |
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Address |
232A South Bridge Road Singapore 058781 |
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Telephone |
+65-6610 4534 |
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Opening hours |
9 am to 6 pm |
Electricity Supplier |
DLRE |
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Specialty |
Efficient energy solutions form part of a wider electrification system for municipals, institutions and governments across the Asia Pacific and Indian Ocean regions. They offer a suite of integrated customised design, engineering, procurement, construction, installation, and commissioning services for renewable energy systems to serve the needs of communities and corporations. Services: Solar photovoltaic (PV) generators, wind turbine, Pulau Ubin Micro-grid Test Bed, wind farms |
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Pricing |
Request a quotation: info@dailylife.com.sg |
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Website |
https://dailylife.com.sg/ |
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Address |
64 Syed Alwi Road, Singapore 207643 |
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Telephone |
+65 6295 2522 |
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Opening hours |
8.30 am to 5.30 pm. |
Electricity Supplier |
SGS |
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Specialty |
Renewable energy is one of the world’s hottest topics. It comprises alternative energy and sustainable energy companies, including those involved in hydroelectric power, wind power, solar power generation, the manufacture, distribution, sale of alternative fuels. Their energy-related services can be used on a standalone basis or with existing working processes. Services: Renewable energy, hydroelectric power, wind power, solar power generation, sustainable energy |
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Pricing |
Request a quotation: info@sgs-energy.co.uk |
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Website |
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Address |
3 Toh Tuck Link, Singapore 596228 |
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Telephone |
+65- 6379 0111 |
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Opening hours |
8.30 am to 6 pm |
OEM: Concise Definition
Find assurance that the OEM allows one to switch to alternative electricity retailers, to cut costs for one’s electricity charges.
Cost-Friendly Set Price Plan
|
Contract Length For Fixed Price Plan |
Who provides the cheapest plan? |
|
No Contract |
PacificLight |
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6 Months |
iSwitch |
|
1 Year |
Sunseap |
|
2 Years |
Union Power, Sunseap |
|
3 Years |
iSwitch |
Cheapest Discount Off Regulated Tariff Plan
| Contract Length For Discount Off Tariff Plan |
Who provides the cheapest plan? |
|
6 Months |
iSwitch |
|
1 Year |
Tuas Power |
|
2 Years |
PacificLight, Sembcorp Power, Senoko Energy, Sunseap, Tuas Power, Union Power |
Cheapest Peak And Off-Peak Plan
|
Peak and Off-Peak Plan |
Who provides the cheapest plan? |
|
Cheapest Peak and Off-Peak Price |
Peak: Sembcorp Power Off-Peak: Keppel Electric |
Open Electricity Market (OEM): A Concise Definition
From October 2017, the Electricity Market Authority (EMA) initially released the Open Electricity Market (OEM) initiative in some efforts to liberalize and spur innovation within the power market.
Further down to May 2019, every household within Singapore may opt to alternate from SP Group to alternative electricity supplier.
Electricity Price Comparison over Q1, 2021
Category |
Electricity Retailer & Plan Name Price |
Duration |
|
Cheapest overall plan |
PacificLight “Confirm Save 12” | S$16.63 (25.10% off) 12 mo. |
|
Cheapest fixed price plan |
Tuas “PowerFix 6 Care” | S$16.71 6 mo. |
|
Cheapest discounted plan |
PacificLight “Confirm Save 12” | S$16.63 (25.10% off) 12 mo. |
|
Cheapest green plan |
iSwitch “iSwitch2Green” | S$16.70 6 mo. |
|
Cheapest 100 % solar plan |
Sunseap “SUNSEAP-100” | S$19.99 (10% off) 24 mo. |
|
Best overall plan |
PacificLight “Confirm Save 12” | S$16.63 (25.10% off) 12 mo. |
Top Fixed Price Electricity Plans within Singapore
Fixed-price electricity plans remain an optimum choice for many who seek to set down the electricity rate or escape erratic variations of rate fluctuations.
Due to this, the median 6-month plan trends to turn as cheapest choice due to it being low-term assurance of set charges.
Over the 6-month plan Tuas Power bills the lowest charges, at 16.71 cents/kWh while Sunseap bills the lowest charges for 12-month plan, at 16.88 cents/kWh.
Suppose you seek to find a lock in rate for an extended interval, Sunseap or Union Power all provide the cheapest charges over 24-month plans at 17.60 cents/kWh and iSwitch offers the cheapest 36-month plan at 17.87 cents/kWh.
From selecting such retailers, users may cut around 28% relative to SP Group’s charges, that spanning the period of many months could total to big savings.
Top Reduction from the Regulated Tariff Electricity Plans within Singapore
Other options from the fixed price plans remain plans that offer many discounts from the regulated tariff, that is now 22.21¢ per kWh.
As general rates provided from these plans often vary, these are constantly fixed under prevailing tariff rates, which could turn out cost-saving choices over intervals of reduced tariff rates.
Sunseap, PacificLight, Tuas & Union Power deliver the largest discounts from the tariff. Sunseap delivers 23.00% down from regulated tariff discounted rates to 6-month contracts (S$64.13), while PacificLight delivers 25.10% down from regulated tariff discounts to 12-month plans (S$62.38). To extended plans, Tuas or Union Power totally provide a parallel discounted rate of 23.60% down from regulated tariff (S$63.63).
As such retailers provide almost equal rates, one could discover that promotions will gradually amount to contrasts over a profitable plan and a competitive one. Sunseap, Tuas offers rebates for paying bills using one’s DBS, POSB, UOB, NTUC or Citibank cards.
Top “No-Contract” Electricity Plans within Singapore
If you seek to find one electricity plan that provides the greatest flexibility, consequently a no-contract plan could be optimum for you.
Now, PacificLight Energy , Ohm Energy or Sembcorp Power provide the lowest rates.
These all charge rates that are much cheaper than prevailing median rates billed by alternative retailers, or alternately using the SP Group regulated tariff rate.
Retailer |
Plan Name |
Rate (per kWh) |
Est. Bill |
|
PacificLight Energy |
Easy Peasy | 16.86 cents/kWh (plus 33 cents daily fee) | S$72.82 |
|
Ohm Energy |
Simply Ohm | 17.34 cents/kWh (monthly fee of S$10.70) | S$75.72 |
|
Sembcorp Power |
No Contract Plan | 17.45 cents/kWh (+ 33 cents daily fee) | S$75.34 |
|
SP Group |
Tariff Rate | 22.21¢ | S$83.29 |
* Estimated monthly bill based on 4-room HDB flat using 375 kWh
Top Non-Standard Electricity Plan within Singapore
Suppose you perform more work over evenings rather than in daytime, some plans could assist to cut costs contingent upon timing taken using electricity.
Keppel Electric’s 24-month “Knight” plan provides 2 rates, during evening one may be billed 16.69¢ per kWh, or within the day 20.87¢ per kWh.
PacificLight Energy alternatively provides a parallel pricing structure, just that pricing is not set, rather there is discount down from regulated tariffs.
General “Save while Sleeping” Plan is provided for both 12 or 24-month intervals, with same charges.
Within each day, it provides a 10% tariff discount and during evening a 35% tariff discount. 24-month plan benefit is many rebates provided generally.
