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Best Electricity was founded in 2015 and as part of the Open Energy Market (OEM) aims to provide consumers with competitive electricity plans in Singapore. Today, Best Electricity powers thousands of businesses in Singapore. Ranging from small establishments to large scale commercial buildings. Best Electricity is offering one of the most competitive fixed electricity rates for Standard Plans for the 6 and 12 months contract duration.
Best Electricity is part of The Prime Group, a homegrown, multi-industry award-winning company.
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Electricity Rates / Price per kwh
BEST Home Fixed
BEST Home Saver
Discount Off Tariff
BEST Home Free
18.80 ¢/ kWh + $10.70 (monthly service fee)
BEST Home Saver Upfront
Non Standard Plan
Upfront Cash rebates of up to 17% of your 2 years worth of electricity bills
Price Summary of electricity plans offered by Best Electricity
All the plans Best Electricity offers are pretty standard except for the BEST Home Saver Upfront which needs some further breaking down.
This plan claims to offer you up to X% (as high a 17%) of cash rebates based on the total cost of your average energy consumption in the last 3 month's kWh consumption. To be more precise, according to their factsheet,
*Cash rebate* = Y% x Average of latest 3 month’s kWh consumption (round up to the nearest whole number) x prevailing regulated Tariff inclusive of Goods and Services Tax (GST) x 24 months Cash rebate amount is inclusive of Goods and
While it is up to 17%, you can choose to allocate other proportions to your discount off tariff if you wish
Discount Off Tariff (X)%
Cash Rebate (Y)%
The amount of cash rebate you choose will be inversely correlated to the amount discounted off tariff.
1. How to switch to Best Electricity?
You can sign-up for their different price plans on their website. After choosing your desired plan, fill-up the necessary form, submit it online and wait for confirmation from Best Electricity.
2. Will my electricity be disrupted when I do decide to switch?
No, you will not experience disruption as you would be switching retailers, not supply.
3. Will I still continue to receive U-Save after switching?
All eligible homeowners will continue to receive U-Save rebates. Rebates will be used to offset SP Utilities (water and gas) first and the remaining will then be used for electricity with the prefered electricity retailer of your choice.
4. Is there a registration charge?
No, there will be no registration charge.
5. Does Best Electricity require a deposit?
Yes, a security deposit will be collected and retained by SP Group. Existing SP Group customers who switch retailers but use SP Group to bill on their behalf will not be required to provide an additional security deposit for their electricity account.
6. Do I have to switch meters if I choose to change electricity retailers?
No, you can still use your current meter but a one-time installation fee of $42.80 will be required if the customer chooses to install a AMI Meter.
Contact us at [email protected] should you require any assistance or spot any inaccuracies.