Best Electricity Retailers in Singapore 2020 - Seedly
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Updated November 2020

Best Electricity Retailers

Compare and read real user reviews on Electricity Retailers in Singapore

12 Products Found

Most Popular
Most ReviewedHighest RatingA-Z
Slide 1 of 7
  • Fixed Ohm 6m

    Fixed rate of 16.85c/kWh

    PLAN TYPE

    16.85

    RATE

    6m

    CONTRACT

    [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.

  • Fixed Ohm 12m

    Fixed rate of 18.49/kwh

    PLAN TYPE

    18.49

    RATE

    12m

    CONTRACT

  • Fixed Ohm 24m

    Fixed rate of 18.73/kwh

    PLAN TYPE

    18.73

    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'.

  • Market Ohm

    Non Standard

    PLAN TYPE

    NA

    RATE

    No Contract

    CONTRACT

    [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.

  • Ohm Discount 6m

    22.0% off regulated tariff

    PLAN TYPE

    17.89

    RATE

    6m

    CONTRACT

    [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.

  • Ohm Discount 12m

    22.0% off regulated tariff

    PLAN TYPE

    17.89

    RATE

    12m

    CONTRACT

    [EXCLUSIVE] One-time $25 off bill with promo code 'OHMSEEDLY25'.

Customer Support

4.9

Ease of signup

5.0

Online Portal

4.9
LL

"Easy transfer and sign up. I have signed up for almost a..." 1h ago

Slide 1 of 7
  • Tuas Power PowerFIX 36

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.98

    RATE

    36m

    CONTRACT

    [EXCLUSIVE] One-time $110 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerFIX 12 Care

    Fixed Price of 16.99c/kwh

    PLAN TYPE

    16.99

    RATE

    12m

    CONTRACT

    [EXCLUSIVE] One-time $20 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerFIX 24 Care

    Fixed Price of 17.63c/kWh

    PLAN TYPE

    17.63

    RATE

    24m

    CONTRACT

    [EXCLUSIVE] One-time $20 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerFIX 24

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.89

    RATE

    24m

    CONTRACT

    [EXCLUSIVE] One-time $110 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerFIX 18

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.98

    RATE

    18m

    CONTRACT

    [EXCLUSIVE] One-time $60 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerDO 24

    22% off regulated tariff

    PLAN TYPE

    17.89

    RATE

    24m

    CONTRACT

    [EXCLUSIVE] One-time $20 bill rebate for new signups with exclusive promo code "PRSeedly20".

  • Tuas Power PowerDO 6

    18% off regulated tariff

    PLAN TYPE

    18.80

    RATE

    6m

    CONTRACT

Customer Support

4.7

Ease of signup

4.8

Online Portal

4.7
Alan Teo

"Return customer as my contract end early of December 2020, received an..." 3d ago

Slide 1 of 6
  • Give Us A Try

    Fixed rate of 16.79c/kwh

    PLAN TYPE

    16.79

    RATE

    6m

    CONTRACT

  • Get Sunny

    Fixed rate of 20.15c/kwh

    PLAN TYPE

    20.15

    RATE

    18m

    CONTRACT

  • Get It Fixed 24

    Fixed rate of 17.66c/kwh

    PLAN TYPE

    17.66

    RATE

    24m

    CONTRACT

  • Get It Less 24

    23% off regulated tariff

    PLAN TYPE

    17.66

    RATE

    24m

    CONTRACT

  • Get It Green

    Fixed rate of 17.45c/kwh

    PLAN TYPE

    17.45

    RATE

    12m

    CONTRACT

  • Get It Fixed 36

    Fixed rate of 18.89c/kwh

    PLAN TYPE

    18.89

    RATE

    36m

    CONTRACT

Customer Support

3.4

Ease of signup

4.0

Online Portal

3.7
Remus Lim

"[Customer Services] Unfortunately doesn't match the value of the product at all. Called..." 1d ago

Slide 1 of 4

Customer Support

4.7

Ease of signup

4.8

Online Portal

4.8
Andy Wong C W

"Easy to sign up and straight forward. Once you signed up, you..." 2d ago

Slide 1 of 5
  • FIXED12

    Fixed rate of 17.45c/kWh

    PLAN TYPE

    17.45

    RATE

    12m

    CONTRACT

  • FIXED24

    Fixed rate of 17.69c/kWh

    PLAN TYPE

    17.69

    RATE

    24m

    CONTRACT

  • DOT3

    19% off regulated tariff

    PLAN TYPE

    18.57

    RATE

    24m (3m lock-in)

    CONTRACT

  • DOT24

    23% off regulated tariff

    PLAN TYPE

    17.66

    RATE

    24m

    CONTRACT

  • KNIGHT

    Non Standard

    PLAN TYPE

    NA

    RATE

    24m

    CONTRACT

Customer Support

3.9

Ease of signup

4.7

Online Portal

4.3
Nicholas Jeremy

"Been using fixed2r4 now up to recontract got bill rebate and also..." 2mth ago

Slide 1 of 4
妖精法律

"Good and reliable! Generally, optimists who don’t see any problem with..." 15mth ago

Slide 1 of 7
Jay Hou

"It is ez and useful to install, no big issues after a..." 1w ago

Slide 1 of 6

Customer Support

3.1

Ease of signup

4.0

Online Portal

3.6
FM

"terrible at processing refunds but very fast to overcharge and take your..." 3w ago

Slide 1 of 5

Customer Support

4.9

Ease of signup

4.9

Online Portal

4.9
L

"When compared to number porting between Telcos, it is very difficult to..." 1mth ago

Slide 1 of 6
Wong Ming Yao

"[Customer Services] Sufficient customer service which helps my parents to understand the product. [Signup..." 11mth ago

Affordable Electricity Retailers in Singapore 2020

We rounded up the best and the cheapest electricity plans from all 12 electricity retailers in Singapore's' OEM:

Best For..

Electricity Retailer Plan

Electricity Rates / Price per kWh

Best Fixed Rates Plan - 6 months

  • 16.75 ¢/ kWh
  • 16.76 ¢/ kWh

Best Fixed Rate Plan - 12 months

  • 16.90 ¢/ kWh
  • 16.95 ¢/ kWh

Best Fixed Rate Plan - 24 months

17.60 ¢/ kWh

Best Discount Off Tariff - 6 months plan

  1. 23% off regular tariff
  2. 22% off regular tariff

Best Discount Off Tariff - 12 months plan

  • 25.50% off
  • 25.50% off
  • 24.50% off

Best Discount Off Tariff - 24 months plan

23.60% off

CHEAPEST Discount Off Tariff

25.50% off regular tariff

CHEAPEST Fixed Rate Plan

  • 16.75 ¢/ kWh
  • 16.76 ¢/ kWh

Green Energy Plans

  • 16.76 ¢/ kWh
  • 17.19 ¢/ kWh
  • 17.45 ¢/ kWh
  • 15% off regulated tariff ≈ 19.49 ¢/ kWh

No Contract Plans

  • 18% off regulated tariff
  • 16.88 ¢/ kWh + 33 ¢ per day

More Electricity Retailers

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.

Switching 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.

If you're keen to switch out the power hegemony, then perhaps have a gander at Singapore's Open Electricity Market.

What is the Open Electricity Market (OEM)?

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."

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 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.

Pricing for Electricity Plans

With the new OEM, how would retailers price electricity? Will it still be the same?

Standard Price Plans vs Non-Standard Price Plans

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:

  • Fixed Rate Plans
  • Discount off the Regulated Tariff (DOT) Plans

Here's an overview of differences between Standard and Non-Standard Price plans:

Area of Difference

Standard Price Plan

Non-Standard Price Plan

Electricity Rates

  • Inclusive of all applicable charges that vary according to the level of consumption.
  • Will not change throughout the contract duration.
  • May not be inclusive of all applicable charges that vary according to the level of consumption.
  • May change in accordance with the terms and conditions of the contract

Other Fees and Charges

No recurring charges or fees throughout the contract duration.

May include recurring charges or fees throughout the contract duration.

Contract Duration

6, 12 or 24 months

Not limited to 6, 12 or 24 months

Pricing Structure

Fixed Rate OR Discount Off Tariff

The electricity retailer may set its own pricing structure

Summary of Standard Price Plans vs Non-Standard Price Plans

When can I start applying to switch electricity providers?

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.

How Does Singapore's Electricity Market Work?

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

For OEM Billing, some electricity retailers will bill independently while some are still billed together with SP group.

Need Help Choosing Electricity Retailers?

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 Community.