Electricity Comparison Tool
12 Products Found
We rounded up the best and the cheapest electricity plans from all 12 electricity retailers in Singapore's' OEM:
Electricity Retailer Plan
Electricity Rates / Price per kWh
Best Fixed Rates Plan - 6 months
Best Fixed Rate Plan - 12 months
Best Fixed Rate Plan - 24 months
17.60 ¢/ kWh
Best Discount Off Tariff - 6 months plan
Best Discount Off Tariff - 12 months plan
Best Discount Off Tariff - 24 months plan
CHEAPEST Discount Off Tariff
25.50% off regular tariff
CHEAPEST Fixed Rate Plan
Green Energy Plans
No Contract Plans
While Senoko Energy ( 4.8 out of 5 stars) and Keppel Electric (4.1 out of 5 stars) might not offer the cheapest rates, they also provide additional incentives and services that are worth checking out.
From the SeedlyReviews community, it is evident that despite not having the lowest rates, these 2 electricity retailers still get their fair share of love. Because we all know the cheapest might not necessarily be the best.
From 1st November 2018 onwards, the open electricity market is expanded to cater to Singaporeans zone by zone around the island. Households and small businesses will be able to choose their electricity supplier from 12 different providers. This initiative will look to roll out completely by May 2019.
If you're keen to switch out the power hegemony, then perhaps have a gander at Singapore's Open Electricity Market.
According to openelectricitymarket.sg, OEM 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."
Here are some of the benefits of opening up the electricity market to Singaporeans.
Competition can help increase efficiency in the market
With retailers competing with each other for market share, Singapore households can expect competitive pricing and promotion packages to attract consumers to take up their service.
As electricity is the only product being sold, these companies will try to differentiate their service by providing better prices or establishing creative new pricing methods, additional incentives, and on top of that, good customer service to their consumers.
Consumers now have a choice
Singaporeans' electricity bills used to be correlated to the quarterly tariff rate which SP Group offers. By allowing consumers to choose from 3 different types of plans and 12 different types of retailers, consumers can now find a retailer that best suits their lifestyle and consumption habits. This, in return, can lead to cheaper electricity bills.
Increase awareness of electricity consumption
When was the last time anyone actually looked closely at their electricity bill and understand their own electricity consumption pattern?
This introduction of OEM encourages Singaporeans to analyse their electricity usage behaviour, and find out what makes up their electricity tariff every month.
This awareness can help Singapore reduce electricity consumption and wastage in the process.
With the new OEM, how would retailers price electricity? Will it still be the same?
Well, there are now standard price plans and non-standard price plans. Standard Price plans are will have their terms and fees agreed prior your signing off. Whereas non-standard price plans are new price structures set by the electricity retailers that may not be all-inclusive in fees and may change during the contract duration.
Standard Price Plans are:
Here's an overview of differences between Standard and Non-Standard Price plans:
Area of Difference
Standard Price Plan
Non-Standard Price Plan
Other Fees and Charges
No recurring charges or fees throughout the contract duration.
May include recurring charges or fees throughout the contract duration.
6, 12 or 24 months
Not limited to 6, 12 or 24 months
Fixed Rate OR Discount Off Tariff
The electricity retailer may set its own pricing structure
If you're reading this in 2020, well you might have started a little late but you haven't missed out on it yet. You can still choose to change to a new provider today.
All households were eligible to switch since 1 May 2019. Singaporeans can sign up for this service when the Open Electricity Market is rolled out progressively in 4 geographical zones.
In the past, SP Group buys the electricity in bulk and having to deliver the electricity to the whole of Singapore, and is also in charge of billing households for the electricity consumed.
With the new initiative, when consumers buy from an electricity retailer, the source of their electricity supply and the network remains unchanged, with SP Group continuing to operate the national power grid and deliver electricity to consumers.
For OEM Billing, some electricity retailers will bill independently while some are still billed together with SP group.
To help Singaporeans make smarter personal finance decision, here are some tools to help you:
One can read up our comparison article on all the electricity retailer here: