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Anonymous

05 Jun 2020

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What is the most cost effective open electricity provider in the market right now?

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Pang Zhe Liang

05 Jun 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

The Basics

Generally, there are three types of plan to consider:

  1. Standard Fixed Price Plan

  2. Standard Discount off the Regulated Tariff Plan

  3. Non-Standard Plan

Depending on the type of plan that you are looking at, the cost varies. With this in mind, I will suggest for you to have a basic understanding on how the open electricity market works in Singapore.

More Details:

Open Electricity Market in Singapore

From the post, you will realise that the most cost effective plan depends on the direction of the electricity tariff.

Comparison

Accordingly, this is how I made my decision after doing a comprehensive comparison on 70+ plans.

More Details:

How to choose an Open Electricity Market Retailer in Singapore

Final Analysis

In the final analysis, I went ahead with the fixed price plan with Ohm Energy and here are my thoughts about it: Ohm Energy Review: I am Impressed!

While they may not be the cheapest, I am impressed by the service that they have provided so far. From my perspective, this is value for money and cost effective.

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