Best Electricity Retailers in Singapore 2021 - Seedly
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Updated January 2021

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
  • Tuas Power PowerFIX 36

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.98

    RATE

    36m

    CONTRACT

    [EXCLUSIVE] One-time $108 bill rebate for new signups with exclusive promo code "PRSeedly21".

  • Tuas Power PowerFIX 12 Care

    Fixed Price of 16.99c/kwh

    PLAN TYPE

    16.99

    RATE

    12m

    CONTRACT

  • 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 "PRSeedly21".

  • Tuas Power PowerFIX 24

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.89

    RATE

    24m

    CONTRACT

    [EXCLUSIVE] One-time $88 bill rebate for new signups with exclusive promo code "PRSeedly21".

  • Tuas Power PowerFIX 18

    Fixed rate of 17.98c/kwh

    PLAN TYPE

    17.98

    RATE

    18m

    CONTRACT

    [EXCLUSIVE] One-time $58 bill rebate for new signups with exclusive promo code "PRSeedly21".

  • 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 "PRSeedly21".

  • 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
ST

"Highly recommended Tuas Power....super convenient because it is all in one bill..." 1d ago

Slide 1 of 7
  • Fixed Ohm 6m

    Fixed rate of 17.90c/kWh

    PLAN TYPE

    17.90

    RATE

    6m

    CONTRACT

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

  • Fixed Ohm 12m

    Fixed rate of 18.99/kwh

    PLAN TYPE

    18.99

    RATE

    12m

    CONTRACT

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

  • Fixed Ohm 24m

    Fixed rate of 19.30/kwh

    PLAN TYPE

    19.30

    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
MG

"Received an email with my login details. I received the email in..." 1mth 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

3.8

Ease of signup

4.7

Online Portal

4.2
Jeff

"[Customer Services] The email support take quite a few day to reply. [Signup Process] It..." 2w ago

Slide 1 of 6
  • Give Us A Try

    Fixed rate of 16.72c/kwh

    PLAN TYPE

    16.72

    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
I

"It was very easy to make the switch to Geneco. Have been very..." 1w ago

Slide 1 of 4

Customer Support

4.7

Ease of signup

4.8

Online Portal

4.8
SY

"Quick and simple for registration. Hope to have lower electricity bill on..." 1w ago

Slide 1 of 4
妖精法律

"Good and reliable! Generally, optimists who don’t see any problem with..." 16mth ago

Slide 1 of 7
Jay Hou

"It is ez and useful to install, no big issues after a..." 1mth 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..." 2mth ago

Slide 1 of 5

Customer Support

4.9

Ease of signup

4.9

Online Portal

4.9
Ang Siew Tiang

"[Customer Services] No service at all! If there is zero star i..." 1mth ago

Slide 1 of 10
Wong Ming Yao

"[Customer Services] Sufficient customer service which helps my parents to understand the product. [Signup..." 14mth ago

The Cheapest Electricity Retailers in Singapore 2021

Want to lower your electricity bill?

The best way is to switch to an electricity retailer with the best and cheapest electricity plans!

Here's an overview of the 12 electricity retailers which you can choose from in Singapore's open electricity market (OEM)!

Best For..

Electricity Retailer Plan

Electricity Rates / Price (incl GST)

Cheapest Fixed Rate Plan - 6 months

  • 16.72¢/ kWh
  • 16.72¢/ kWh

Cheapest Fixed Rate Plan - 12 months

  • 16.95¢/ kWh
  • 17.44¢/ kWh

Cheapest Fixed Rate Plan - 24 months

  • 17.60¢/ kWh
  • 17.63¢/ kWh

Cheapest Discount Off Regulated Tariff - 6 months

  • 18% off regular tariff
  • 22% off regular tariff

Cheapest Discount Off Regulated Tariff - 12 months

  • 21% off
  • 24.5% off

Cheapest Discount Off Regulated Tariff - 24 months

  • 22% off
  • 23% off

No Contract Plans

  • 17.87¢/ kWh fixed rate
  • 16.88¢/ kWh + 32¢ daily charge
  • 17.45¢/ kWh + 33¢ daily charge
  • Wholesale rate + $10.70 monthly charge
  • 17.34¢/ kWh + 33¢ daily charge

Electricity Retailer Singapore 2020 Year End Promo

You can also take advantage of these end-of-year electricity retailer promos that are ongoing right now!

But there's more to it than just price.

Usually, you would ask for a friend or a family member for recommendations based on what they've used before.

However, there's an even simpler of doing that.

And that's by checking our reviews left by users on SeedlyReviews!

For example, you can tell that while OEM retailers such as Ohm Energy and Tuas Power aren't the cheapest options in the market.

But, they're the most popular based on reviews, and that's most probably because they provide excellent customer support, make it extremely easy to sign-up with them, or have a user-friendly online portal which is easy to navigate.

It's true when they say that the cheapest might not necessarily be the best!

What is the Open Electricity Market (OEM)?

Back in 2017, the Electricity Market Authority (EMA) announced the Open Electricity Market (OEM) initiative in order to encourage competition and innovation in the power industry.

Prior to that, everyone could only get their power from SP Group.

Between 1 November 2018 to May 2019, the OEM was slowly expanded across 4 distinct geographical zones to eventually allow all Singaporean households the choice to switch to an electricity provider of their choice.

This gradual implementation has since been completed which means that any resident in Singapore can now choose to switch to an electricity retailer.

However, if you prefer to stick with SP Group, that's fine too.

Because the switch is not mandatory and there is no deadline which you have to switch by either.

How Does Singapore's Open Electricity Market Work?

Curious to know how the electricity market works?

Here's how:

All electricity is produced by power generation companies which own power plants.

These companies will then bid to sell their electricity on the wholesale electricity market in bulk.

FYI: the rates are changing every half-hour and are constantly affected by electricity demand and supply.

In the past, SP Group buys the electricity in bulk and is in charge of delivering it to the whole of Singapore.

But with the introduction of the Open Electricity Market, it's the electricity retailers who will bulk buy electricity from the wholesale electricity market.

And in turn, they will sell it to us, the consumers.

The rates we pay will depend on which retailer we choose to buy our electricity from!

With this new OEM initiative, the source of our electricity supply and the network through which we receive are still the same.

SP Group continues to operate the national power grid and is responsible for delivering electricity to you and me.

The only difference is how much we pay to the retailers.

What are the Benefits of the Open Electricity Market (OEM)?

Here are some of the benefits of opening up the electricity market to retailers and 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 promotional 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 different types of plans and between the various retailers, consumers can now find an electricity retailer that best suits their lifestyle and consumption habits. This, in turn, might lead to cheaper electricity bills. Yay!

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 the OEM has encouraged many Singaporeans to carefully analyse their electricity usage behaviour in order to try and lower their electricity bills.

This increased awareness will definitely help us to reduce electricity consumption and wastage in the long-run.

Who would want to pay more for electricity if they choose not to?!

Pricing for Electricity Plans

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

Standard Price Plans vs Non-Standard Price Plans

Well, there are standard price plans and non-standard price plans. For Standard Price plans you'll have to agree to certain terms and fees. For non-standard price plans, these are new price structures set by the electricity retailers that may not include every single fee BUT might 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

Need Help Choosing Electricity Retailers?

There are a total of 12 electricity retailers in the OEM to choose from:

  1. Best Electricity
  2. Diamond Electric
  3. Geneco
  4. iSwitch
  5. Keppel Eletric
  6. Ohm Energy
  7. PacificLight
  8. Sembcorp Power
  9. Senoko Energy
  10. Sunseap
  11. Tuas Power
  12. Union Power

If you're going, "So how to choose sia..."

We gotchu fam!

To help Singaporeans make a smarter personal finance decision when it comes to their electricity bills, here are some resources and tools to help you:

Still have questions about the open electricity market after reading these reviews?

You can always ask the ever-helpful Seedly community!