Best Electricity Retailers 2019

Singapore's Open Electricity Market (OEM) allows households to choose between a range of electricity retailers. Our guide compares the pricing of electricity retailers to help you find the best electricity plan for your needs.

Table of Contents

Best Fixed Price Electricity Plans in Singapore

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Image\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.geneco.sg%2Fresidential%2Felectricity-plans%2F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Button\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Image\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.geneco.sg%2Fresidential%2Felectricity-plans%2F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Button\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Union Power Pte Ltd - Image\" data-eventlabel=\"Union Power Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.unionpower.com.sg%2Fresidential-plans%2F%23%2F\"\u003E\u003Cimg alt=\"Union Power Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Union Power Pte Ltd - Button\" data-eventlabel=\"Union Power Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.unionpower.com.sg%252Fresidential-plans%252F%2523%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Union Power Pte Ltd - Image\" data-eventlabel=\"Union Power Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.unionpower.com.sg%2Fresidential-plans%2F%23%2F\"\u003E\u003Cimg alt=\"Union Power Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/unionpower-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Union Power Pte Ltd - Button\" data-eventlabel=\"Union Power Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.unionpower.com.sg%252Fresidential-plans%252F%2523%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Image\" data-eventlabel=\"iSwitch Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fhomepage.iswitch.ucentric.sisgroup.sg%2Fplans%2F%3F_ga%3D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003E\u003Cimg alt=\"iSwitch Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Button\" data-eventlabel=\"iSwitch Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fhomepage.iswitch.ucentric.sisgroup.sg%252Fplans%252F%253F_ga%253D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Image\" data-eventlabel=\"iSwitch Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fhomepage.iswitch.ucentric.sisgroup.sg%2Fplans%2F%3F_ga%3D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003E\u003Cimg alt=\"iSwitch Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Button\" data-eventlabel=\"iSwitch Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fhomepage.iswitch.ucentric.sisgroup.sg%252Fplans%252F%253F_ga%253D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}
  • PacificLight: S$50 One-Time Cashback
  • Sembcorp: Free 12-mth Great Eastern Home Ins., Up to S$50 cashback with recurring AMEX/OCB/UOB/SCB card payment

Fixed-price electricity plans can be a great option for those that want to lock in their electricity price for several months and avoid the uncertainty of rate changes. Geneco, iSwitch and Union Power charge the lowest fixed-price electricity rates in Singapore. For example, Geneco offers the cheapest 6-month plan (17.55¢ per kWh), while iSwitch provides the cheapest 12-month (17.71¢) and 36-month (17.76¢) plans, and Union Power charges the lowest 24-month (17.70¢) fixed-price rate. By choosing these retailers, consumers can save about 5% compared to the average electricity retailer and about 28% compared to SP Group's rate. Over the course of a year, this can amount to comparative savings of as much as S$50 and S$300, respectively.

Cheapest Fixed-Price Electricity Plans - Estimated monthly bill based on 4-room HDB flat using 375 kWh. Geneco, Union Power and iSwitch are the cheapest.

Best Discount off the Regulated Tariff Electricity Plans in Singapore

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Diamond Electric (by Diamond Energy Merchants Pte Ltd) - Image\" data-eventlabel=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" rel=\"noopener\" target=\"_blank\" title=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" href=\"\/redirect?link=https%3A%2F%2Fwww.diamond-electric.com.sg%2Fresidential-plans%2F\"\u003E\u003Cimg alt=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Diamond Electric (by Diamond Energy Merchants Pte Ltd) - Button\" data-eventlabel=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.diamond-electric.com.sg%252Fresidential-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Diamond Electric (by Diamond Energy Merchants Pte Ltd) - Image\" data-eventlabel=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" rel=\"noopener\" target=\"_blank\" title=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" href=\"\/redirect?link=https%3A%2F%2Fwww.diamond-electric.com.sg%2Fresidential-plans%2F\"\u003E\u003Cimg alt=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/des-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Diamond Electric (by Diamond Energy Merchants Pte Ltd) - Button\" data-eventlabel=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Diamond Electric (by Diamond Energy Merchants Pte Ltd)\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.diamond-electric.com.sg%252Fresidential-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Image\" data-eventlabel=\"Ohm Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.ohm.sg%2Fprice-plans-select\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Button\" data-eventlabel=\"Ohm Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252Fprice-plans-select\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Image\" data-eventlabel=\"Ohm Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.ohm.sg%2Fprice-plans-select\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Button\" data-eventlabel=\"Ohm Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252Fprice-plans-select\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Image\" data-eventlabel=\"iSwitch Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fhomepage.iswitch.ucentric.sisgroup.sg%2Fplans%2F%3F_ga%3D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003E\u003Cimg alt=\"iSwitch Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Button\" data-eventlabel=\"iSwitch Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fhomepage.iswitch.ucentric.sisgroup.sg%252Fplans%252F%253F_ga%253D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Image\" data-eventlabel=\"iSwitch Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fhomepage.iswitch.ucentric.sisgroup.sg%2Fplans%2F%3F_ga%3D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003E\u003Cimg alt=\"iSwitch Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/iswitch-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: iSwitch Pte Ltd - Button\" data-eventlabel=\"iSwitch Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"iSwitch Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fhomepage.iswitch.ucentric.sisgroup.sg%252Fplans%252F%253F_ga%253D2.177132645.1318915764.1559065994-1686938905.1558544848\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

Another common electricity plan uses a price structure that charges rates based on discounts off of the regulated tariff. These plans fluctuate in price along with electricity prices in the country, but are always set below the tariff rate and are therefore attractive to those that want to ensure that they are offered a competitive rate and may even expect market prices to decrease. Diamond Electric, Ohm Energy, iSwitch offer the largest discounts. For example, Ohm Energy and Diamond Electric both offer 25% discounted rates with 12-month contracts, while Ohm also offers a 25% discount on its 6-month contract. Finally, iSwitch offers a 23% discount on its 24-month contract. The average discount is 21% lower than the tariff rate, making these plans materially cheaper. Over the course of an entire year, consumers can save as much as S$270 compared to SP Group's regulated tariff rate and S$40 compared to the average discounted rate by choosing one of the cheapest plans.

Cheapest Tariff Discount Electricity Plans - Estimated monthly bill based on 4-room HDB flat using 375 kWh. Diamond Electric, Ohm Energy and iSwitch are the cheapest

Best "No-Contract" Electricity Plans in Singapore

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: PacificLight Energy Pte Ltd - Image\" data-eventlabel=\"PacificLight Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.pacificlight.com.sg%2Fsign-up%2Fstep1%2F\"\u003E\u003Cimg alt=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: PacificLight Energy Pte Ltd - Button\" data-eventlabel=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.pacificlight.com.sg%252Fsign-up%252Fstep1%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: PacificLight Energy Pte Ltd - Image\" data-eventlabel=\"PacificLight Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.pacificlight.com.sg%2Fsign-up%2Fstep1%2F\"\u003E\u003Cimg alt=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/pacificlight-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: PacificLight Energy Pte Ltd - Button\" data-eventlabel=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.pacificlight.com.sg%252Fsign-up%252Fstep1%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Sembcorp Power Pte Ltd - Image\" data-eventlabel=\"Sembcorp Power Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.sembcorppower.com%2FPages%2FPricePlans.aspx\"\u003E\u003Cimg alt=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Sembcorp Power Pte Ltd - Button\" data-eventlabel=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.sembcorppower.com%252FPages%252FPricePlans.aspx\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Sembcorp Power Pte Ltd - Image\" data-eventlabel=\"Sembcorp Power Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.sembcorppower.com%2FPages%2FPricePlans.aspx\"\u003E\u003Cimg alt=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sembcorp-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Sembcorp Power Pte Ltd - Button\" data-eventlabel=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.sembcorppower.com%252FPages%252FPricePlans.aspx\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Image\" data-eventlabel=\"Ohm Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.ohm.sg%2Fprice-plans-select\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Button\" data-eventlabel=\"Ohm Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252Fprice-plans-select\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Image\" data-eventlabel=\"Ohm Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.ohm.sg%2Fprice-plans-select\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/OHM-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Ohm Energy Pte Ltd - Button\" data-eventlabel=\"Ohm Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252Fprice-plans-select\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}
  • PacificLight: S$50 One-Time Cashback
  • Sembcorp: Free 12-mth Great Eastern Home Ins., Up to S$50 cashback with recurring AMEX/OCB/UOB/SCB card payment

Individuals seeking an electricity plan that offers the most flexibility possible may be interested in the retailers that offer plans without any contract at all. According to our research, PacificLight Energy, Sembcorp Power and Ohm Energy are the only retailers to offer this type of service. All three charge rates which are significantly cheaper than the average rates charged by other retailers, as well as the SP Group regulated tariff rate.

RetailerPlan NameRate (per kWh)Est. Bill
PacificLight EnergyEasy Peasy17.53¢S$65.74
Sembcorp PowerNo Contract Plan17.55¢S$65.81
Ohm EnergySimply Ohm18.50¢S$69.38
* Estimated monthly bill based on 4-room HDB flat using 375 kWh

Best 100% Solar-Generated Electricity Retailers in Singapore

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Button\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Image\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fwww.geneco.sg%2Fresidential%2Felectricity-plans%2F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/geneco-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: (Geneco) Seraya Energy Pte Ltd - Button\" data-eventlabel=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Sunseap Energy Pte Ltd - Image\" data-eventlabel=\"Sunseap Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fsignup.sunseap.com%2F%3Fplan%3Dsunseap-100_dot_24mths\"\u003E\u003Cimg alt=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Sunseap Energy Pte Ltd - Button\" data-eventlabel=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsignup.sunseap.com%252F%253Fplan%253Dsunseap-100_dot_24mths\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Sunseap Energy Pte Ltd - Image\" data-eventlabel=\"Sunseap Energy Pte Ltd\" rel=\"noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Fsignup.sunseap.com%2F%3Fplan%3Dsunseap-100_dot_24mths\"\u003E\u003Cimg alt=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/sg\/electricity_retailers\/sunseap-1 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate electricity_retailers: Sunseap Energy Pte Ltd - Button\" data-eventlabel=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsignup.sunseap.com%252F%253Fplan%253Dsunseap-100_dot_24mths\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E"],"offsetPercentage":20}

One exciting aspect of the OEM for environmentalists is the chance to purchase electricity that is generated by renewable energy sources. Sunseap and Geneco each offer electricity plans with electricity that is produced entirely by 100% solar energy. These plans plans cost more than traditional electricity plans; however, this premium may be worth it to the most environmentally conscious households.

PlanMonthly Rate (per kWh)Est. Bill
Geneco Get Sunny22.88¢S$85.80
Sunseap 10023.01¢S$86.29
* Estimated monthly bill based on 4-room HDB flat using 375 kWh

Best Non-Standard Electricity Plans in Singapore

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Some consumers may find that their schedules allow them to take advantage of certain rate structures and save even further. For example, Geneco and Keppel Electric offer varying rates depending on the day of the week or hour in the day. For instance, Geneco has an electricity plan that charges 22.5 cents per kWh Monday through Saturday and then provides free electricity on Sundays. Additionally, Keppel offers a plan that charges lower rates at night (16.16 cents per kWh) than during the day (20.20 cents per kWh).

PlanRate 1Rate 2
Geneco Get Free Sundays22.50¢0.00¢
Keppel Electric Knight20.20¢16.16¢
* Geneco (Rate 1: Mon-Sat, Rate 2: Sun); Keppel (Rate 1: 7am - 11pm, Rate 2: 11pm - 7am)

How to Find the Best Electricity Plan on the Open Electricity Market (OEM)

Finding the best electricity retailer can be a complicated process, so we've developed a guide to help you narrow down your choices and ultimately find the most affordable plan for your needs.

Fixed Price Plan vs Discount off the Regulated Tariff

Choosing between a fixed plan and other types of plans can seem complicated. A fixed price plan provides individuals with a level of certainty as their rate will remain constant for up to 36 months. This can be helpful in times when electricity prices are on the rise, as it will protect consumers from increasing electric bills. On the other hand, plans that are based on the regulated tariff or have no contract requirements may be attractive to those that have reason to expect electricity prices to fall in the coming months. Ultimately, you'll want to find a plan that offers a competitive rate and a retailer that does not charge a lot of unnecessary fees.

Impact of Electricity Retailer Promotions

As you compare retailers, you'll find that many offer incentives to attract new customers. In some instances, electricity retailers will offer cash rebates. In other situations, they may offer discounts of 1-5% to those that schedule automatic payments with certain credit cards. These promotions may change every now and then; however, they are important to consider as you compare the relative cost of various electricity plans.

Frequently Asked Questions

Advanced metering infrastructure (AMI) meters (also referred to as "smart meters") provide up-to-date and accurate electricity usage data. This can help consumers better manage their energy usage and can even assist them in cutting their utility costs.

Some electricity plans require AMI meters, though many will provide full subsidies for the installation cost (S$40 excluding GST). Eventually, all existing meters will be replaced by smart meters; although this process will occur gradually. At this time, the Energy Market Authority of Singapore (EMA) does not require households to switch their meter. For more information about the cost of AMI meters, contact your preferred retailer.

No, it is not compulsory to switch to an electricity retailer. However, most households will be able to achieve significant savings (as much as S$20 per month) by switching to one of the top retailers.

Yes. Households will still be able to use U-Save rebates to offset their electricity costs.

First, households must sign up for a plan with their preferred retailer. Next, the retailer will contact SP Group and facilitate the switch. Your new contract will begin as soon as 5 days after the retailer contacts SP Group.

Open Electricity Market Comparison Methodology

We conducted our research and analysis based on information provided on the Open Electricity Market website and the websites of electricity retailers listed below. Our team examined key factors of over 60 electricity plans (e.g. pricing, fees, rate structure) to make a helpful comparison for consumers. All prices were last checked on May 29, 2019.

Electricity Retailers in ValueChampion's Study
(Geneco) Seraya EnergyBest Electricity SupplyDiamond ElectriciSwitch Pte LtdKeppel ElectricOhm Energy
PacificLight EnergySembcorp PowerSenoko Energy SupplySunseap EnergyTuas Power SupplyUnion Power
William Hofmann

William is a Senior Research Analyst at ValueChampion Singapore, focusing on banking and SMEs. He previously was an Economic Consultant at Industrial Economics Inc.

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