Best Electricity Retailers in Singapore 2020 - Seedly
 
UPDATED FEBRUARY 2020

Best Electricity Retailers

Compare and read real user reviews on Electricity Retailers in Singapore

12 Products Found

Most Popular

  • Most Popular
  • Most Reviewed
  • Highest Rating
  • A-Z
Most Popular
Most ReviewedHighest RatingA-Z
  • Ohm Energy
    Ohm Energy
    4.9
    268 Reviews
    Slide 1 of 7
    • Fixed Ohm 6m

      Fixed rate of 18.90c/kwh
      PLAN TYPE
      18.90
      RATE
      6m
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Fixed Ohm 12m

      Fixed rate of 18.90/kwh
      PLAN TYPE
      18.90
      RATE
      12m
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Fixed Ohm 24m

      Fixed rate of 18.95/kwh
      PLAN TYPE
      18.95
      RATE
      24m
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Simply Ohm (No lock in)

      Non Standard
      PLAN TYPE
      NA
      RATE
      No Contract
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Ohm Discount 6m

      25% off regulated tariff
      PLAN TYPE
      19.46
      RATE
      6m
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Market Ohm

      Non Standard
      PLAN TYPE
      NA
      RATE
      No Contract
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.
    • Ohm Discount 12m

      25% off regulated tariff
      PLAN TYPE
      19.46
      RATE
      12m
      CONTRACT
      [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.

    Customer Support

    4.8

    Ease of signup

    5.0

    Online Portal

    4.8
    CL

    "Ohm has excellent and speedy customer service. I switched to it with..." 1w ago

  • Geneco
    Geneco
    4.5
    184 Reviews
    Slide 1 of 6
    • Get It Fixed 24

      Fixed rate of 17.98c/kwh
      PLAN TYPE
      17.98
      RATE
      24m
      CONTRACT
    • Give Us A Try

      Fixed rate of 17.62c/kwh
      PLAN TYPE
      17.62
      RATE
      6m
      CONTRACT
    • Get Sunny

      Fixed rate of 22.88c/kwh
      PLAN TYPE
      22.88
      RATE
      18m
      CONTRACT
    • Get It Less 24

      22% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m
      CONTRACT
    • Get It Fixed 36

      Fixed rate of 17.98c/kwh
      PLAN TYPE
      17.98
      RATE
      36m
      CONTRACT
    • Get It Green

      Fixed rate of 19.26c/kwh
      PLAN TYPE
      19.26
      RATE
      12m
      CONTRACT
    TP

    "It’s unbelievable that hard copy of the monthly bill is not your..." 1d ago

  • Tuas Power
    Tuas Power
    4.9
    120 Reviews
    Slide 1 of 5
    P

    "Come and sign up with Tuas Power. The best electricity provider. Use..." 18h ago

  • Slide 1 of 6
    • FIXED12

      Fixed rate of 18.10c/kWh
      PLAN TYPE
      18.10
      RATE
      12m
      CONTRACT
    • FIXED24

      Fixed rate of 18.35c/kWh
      PLAN TYPE
      18.35
      RATE
      24m
      CONTRACT
    • FIXED36

      Fixed Price of 18.35c/kWh
      PLAN TYPE
      18.35
      RATE
      36m
      CONTRACT
    • DOT3

      20% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m (3m lock-in)
      CONTRACT
    • DOT24

      21% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m
      CONTRACT
    • KNIGHT

      Non Standard
      PLAN TYPE
      NA
      RATE
      24m
      CONTRACT
    Lim Boon Tat

    "No complaints. Given that utility bills are not that high for..." 3w ago

  • Slide 1 of 4
    妖精法律

    "Good and reliable! Generally, optimists who don’t see any problem with..." 5mth ago

  • Slide 1 of 6
    Karan Malhotra

    "Ease Of Sign up: Very easy to onboard, everything was completed within a..." 2w ago

  • iSwitch
    iSwitch
    4.0
    61 Reviews
    Slide 1 of 5
    Florence Juz Mi

    "[Customer Services] Didn't get the promised free aircon services. Tried booking the time..." 2d ago

  • Slide 1 of 5
    M

    "[Signup Process] This was done so easily. Immediately within a day of..." 3w ago

  • Slide 1 of 8
    Wong Ming Yao

    "[Customer Services] Sufficient customer service which helps my parents to understand the product. [Signup..." 2mth ago

  • Slide 1 of 5
    KT

    "Signing up is easy. I'm trying out the 12 months contract to..." 3mth ago

Switching To Electricity Retailers

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.

Here is the current list of electricity retailers that Singaporeans can buy their electricity from:

Benefits of Open Electricity Market (OEM)

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 being the only product that these retailers sell to consumers, these companies will try to differentiate their service by providing a better price, better packages 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 wastage in the process.

When can I start applying?

Singaporeans can sign up for this service when the Open Electricity market is rolled out progressively in 4 geographical zones.

How Singapore's electricity market works?

  • All the electricity is produced by power plants.
  • Generation companies will then bid to sell electricity in the wholesale electricity market every half-hour. Price of electricity mainly depends on the electricity demand and supply.
  • Electricity retailers will then bulk buy from the wholesale electricity market and sell it to the consumers.
  • Consumer will then choose to buy from retailer of their choice.

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.

Tools to help you choose the best Electricity retailer and understand the types of plan available

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:

If there are still questions after reading Real User Reviews on the electricity retailers, ask the community at Seedly QnA.