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Pang Zhe Liang
09 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Different retailers provide different types of plans and service for the electricity that you get for your home. If you are looking to gain a general understanding on the open electricity market, here is a post to help you: https://www.blog.pzl.sg/open-electricity-market...
Since different retailers provide different offers, it is important to know what it entails. Accordingly, I have highlighted a number of things to look out for in this post: https://www.blog.pzl.sg/what-to-look-out-for-wh...
Finally, if you are unsure on how to make your choice, here is how I did mine: https://www.blog.pzl.sg/how-to-choose-an-open-e...
Additionally, I have included a comprehensive comparison that is available for download.
All things considered, I have decided to sign a 2-years contract with Ohm Energy as I am impressed by their level of customer service. Here is why: https://www.blog.pzl.sg/ohm-energy-review-i-am-...
Here is everything about me and what I do best.
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Ohm Energy
09 Jan 2020
Representative at Ohm Energy Pte Ltd
Hi There!
Different retailers have different strengths. On the pricing front, there are plenty of competitive pricing between retailers. The spirit of Open Electricity Market (OEM) was to allow residential customers to choose from a suite of electricity product and services that matches accordingly to different consumption patterns.
In terms of customer service, reviews and customer care do matters to consumers. Ohm has invested heavily in the service aspect to ensure that we can engage proactively and competently to queries. These can be seen from all social media channels (5/5 stars rating from Google, 4.9/5.0 stars on Seedly, 5/5 stars rating on Facebook & 4/5 stars rating from EMA Consumer Satisfaction Survey)
Since the launch of OEM, customers focus alot more on being accountable and transparent in all aspects. Ohm price plans are flexible and competition so different type of customers can choose from the available price plans (contract or no-contract)
In Singapore, all generation has to be supplied to the national grid. The grid is operated by SP Group so even with the change, your electricity supply remain reliable. All electricity retailer will have to buy electricity from the wholesale market. More information can be found from www.emcsg.com where the USEP half-hourly prices are available. Electricity retailing can be provided to consumers without a requirement to have a power generation plant.
Essentially, the Open Electricity Market is an initiative by the Energy Market Authority (EMA) that allows you to enjoy more choices and flexibility when buying electricity.
You can benefit from competitive pricing and innovative offers from retailers.
If you wish to know more about the OEM, please feel free to email us at [email protected] or drop us a note on our Facebook messenger.
#TeamOhm
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HC Tang
09 Sep 2019
Financial Enthusiast, Budgeting at The Society
Seedly did a very details comparison among them and all the plans.
if you have time, read it at: https://seedly.sg/reviews/open-electricity-market
if you have no time or to save time, the best part i think they did excellent is the selection form: https://seedly.sg/compare/open-electricity-market
This is because all others such as SP own app, energy marketing authority and many other website / apps from red source or other source, DOES NOT covers the hidden cost and charges burried in the T&C, Seedly dig it out and REMIND you under Hidden fees and other charges section (eg. https://seedly.sg/reviews/open-electricity-mark... ).
i wish this tools come out earlier / faster before i switch , so i don't have to spend 4 hours digging thru all sources, retailers, read thru every T&C and own calculations on own usage to decide.
Thus just use Seedly above electricity retailers selection page helps you to select is the faster and hassle free way.
Just use this to decide: https://seedly.sg/compare/open-electricity-market
Cheers.
P/S: If you're keen to sign on for OHM, read me review at:
https://seedly.sg/reviews/open-electricity-mark...
Thanks
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They are like different providers, e.g. telecomm companies Singtel, M1, Starhub all providing the sa...
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You need to make your comparison on multiple levels: the rate, bill rebates, bank rebates, hidden fees, service fees, and additional perks as a customer.
I did my homework last year and recently chose Senoko Energy cos it helps me save 30% on my bills, plus they really have more benefits for customers like monthly giveaways and a Smart Rewards programme!! Best is that they REALLY have no hidden fees unlike other retailers..
Anyway I got a secret promo code to share for anyone who is planning to sign up with Senoko Energy before 10 Feb - sign up online using this promo code (2OK41REK) and you'll get $40 additional bill rebate :)