This product is managed by Ohm Energy.
Ease of signup
Ohm Energy is an electricity retailer founded in 2015 to offer low-cost, competitive energy prices in Singapore as part of the Open Energy Market (OEM) initiative by the Energy Market Authority (EMA).
Ohm is partnered with Singapore Power, the OG power provider, to deliver the same reliable power supply and bundled bill payment options. Uniquely, Ohm adds its own simplicity, affordability, and flexibility to the Open Electricity Market as an alternative electricity provider.
Other than providing low cost and simplicity in plans, Ohm Energy is also Carbon Neutral, they are part of the UN Climate Neutral Now initiative.
Read Review About...
Ohm Electricity Plan
Cost per kWh
from 16.85 ¢/ kWh (inclusive of all third-party charges)
6, 12 or 24 months
from 17.34 ¢/ kWh + $10.70 monthly fee
no contract plan
wholesale rate + $10.70 month fee + third-party charges
no contract plan
up to 20% off SP tariff
6 or 12 months
As illustrated above, the way your electricity is charged will depend on the market rates and the additional fees monthly fee that Ohm Energy will charge for the Simply Ohm and Market Ohm plans.
Here are some fees you might want to take note of:
Third-Party Charges: Something to look out for would probably be this. While Ohm's FAQ shows a general breakdown of all the third-party charges, many of the individual costs are variables. It could fluctuate from month to month or whenever the third-parties make changes.
Alternatively, if you prefer more certainty, you can choose Ohm's all-inclusive plans - Fixed, Simply and Discount - where all third-party charges are already accounted for.
Monthly Fee: As per 14 September, the monthly fee is $10.70, but it might be adjusted.
Termination Fee: For contract plans like Fixed Ohm and Ohm Discount, the termination will incur a fee of $42.80. Non-contract plans will not be subjected to this.
The most confusing pricing plan is probably Market Ohm which charges:
Another plan that is subject to change would be the Simply Ohm plan. The electricity rate ($/kWh) and monthly fee ($) of it may be changed by Ohm with at least 10 business days’ notice.
Smart Meter Installation: one time fee of $42.80 (inclusive of GST) for installation of the Smart Meter. For those keen on getting the most accurate meter readings, A Smart Meter measures electricity consumption every half-hourly for a more accurate daily reading.
1. How to switch to Ohm Energy?
Simply enter your electricity usage into their online price reader, choose a Supply Start Date and a plan of your choice.
2. Will my electricity supply be cut off when I switch to Ohm Energy?
As Ohm Energy is a partner of SP Group, your electricity will not be cut off as you switch retailers.
3. Do I Need To Replace My Meter?
Meters are not required to be replaced if you decide to switch to Ohm Energy. Smart readers will be available upon request during the signup process or through their Customer Portal. There is a one time fee of $42.80 (inclusive of GST) for installation of the Smart Meter.
4. Who to contact if there is a blackout?
If your electricity lines are damaged or are experiencing a blackout you can contact SP Power Grid’s 24-Hour Electricity Service Centre at 1800-778 8888.
5. Do I need to pay a Security Deposit?
Security deposits are required with Ohm Energy.
6. How will I get my bill?
Ohm will bill you monthly for the electricity you’ve used during the last billing period. Your electricity charges will appear on the utilities bill you get from SP Group.
SP Group acts as the billing agent for Ohm. This means that all your utilities charges are consolidated into one bill – making life much simpler for you.