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

    4.9

    Online Portal

    4.7
    Xiang Rong

    "Prices almost the same as other providers. But fast n gd services..." 2d 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..." 3w 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
    Remus Lim

    "[Customer Services] Unfortunately doesn't match the value of the product at all. Called..." 5d 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..." 2w 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..." 2mth 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!