Best Electricity Retailers in Singapore 2020 - Seedly
 
UPDATED JANUARY 2020

Best Electricity Retailers

Compare and read real user reviews on Electricity Retailers in Singapore

12 Products Found

Most Reviewed

  • Most Reviewed
  • Highest Rating
  • A-Z
Most ReviewedHighest RatingA-Z
  • 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

      22% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m (3m lock-in)
      CONTRACT
    • DOT24

      22% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m
      CONTRACT
    • KNIGHT

      Non Standard
      PLAN TYPE
      NA
      RATE
      24m
      CONTRACT
    Gabriel Tham

    "[Signup Process] Super easy sign up as I signed up at M1. The..." 4h ago

  • Ohm Energy
    Ohm Energy
    4.9
    255 Reviews
    Slide 1 of 7
    Bernard Cheong

    "From switching, to account set-up , to billing and termination ---- it..." 1w ago

  • Geneco
    Geneco
    4.5
    179 Reviews
    Slide 1 of 6
    • Get It Less 24

      22% off regulated tariff
      PLAN TYPE
      20.23
      RATE
      24m
      CONTRACT
    • Give Us A Try

      Fixed rate of 17.62c/kwh
      PLAN TYPE
      17.62
      RATE
      6m
      CONTRACT
    • Get It Fixed 24

      Fixed rate of 17.98c/kwh
      PLAN TYPE
      17.98
      RATE
      24m
      CONTRACT
    • Get It Fixed 36

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

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

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

    "[Customer Services] [Signup Process] This is what a modern utilities company looks like.. Customer service..." 2d ago

  • Tuas Power
    Tuas Power
    4.9
    117 Reviews
    Slide 1 of 5
    WJ

    "I am switching from Ohm to Tuas Power for few reasons. 1) They..." 2d ago

  • iSwitch
    iSwitch
    4.1
    58 Reviews
    Slide 1 of 5
    Chee Seng Marcus Chew

    "[Signup Process] Process was fast and although there’s no linkages to SP but..." 2d ago

  • Slide 1 of 4
    妖精法律

    "Good and reliable! Generally, optimists who don’t see any problem with..." 4mth ago

  • Slide 1 of 6
    Johnson Chia

    "[Experiences] I am using this Sembcorp Power as my electricity retailer. Though their..." 1d ago

  • Slide 1 of 8
    Wong Ming Yao

    "[Customer Services] Sufficient customer service which helps my parents to understand the product. [Signup..." 1mth ago

  • Slide 1 of 5
    Joe Tan

    "Thumbs up ! Sign up on May19 for 24mths thru roadshow agent..." 3mth ago

  • Sunseap
    Sunseap
    2.8
    8 Reviews
    Slide 1 of 10
    R

    "Please do not waste your time with them. They have such a..." 1mth 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.