Best Electricity Retailers in Singapore 2024

Trying to understand the differences between various fixed, non-standard and discounted plans can be quite tedious. Our guide compares various plans currently on the market along with promotions and benefits offered, to help you find the best electricity plan in Singapore that best matches your needs.

CategoryElectricity Retailer & Plan NamePriceDuration
Cheapest overall planSenoko Energy "LifeSave12"S$71.59 (23.7%)12 mo.
Cheapest fixed price planSembcorp "6M Fixed Price Plan"S$67.696 mo.
Cheapest discounted planSembcorp "12M Discount off Regulated Tariff"S$71.59 (23.7% off)12 mo.
Cheapest green planiSwitch "iSwitch2Green"S$67.696 mo.
Cheapest 100 % solar planSunseap "Sunseap-100"S$84.4424 mo.
Best overall planPacificLight "Stack It Up"S$68.5924 mo.
CategoryElectricity Retailer & Plan NamePriceDuration
Cheapest overall planSenoko Energy "LifeSave12"S$71.59 (23.7%)12 mo.
Cheapest fixed price planSembcorp "6M Fixed Price Plan"S$67.696 mo.
Cheapest discounted planSembcorp "12M Discount off Regulated Tariff"S$71.59 (23.7% off)12 mo.
Cheapest green planiSwitch "iSwitch2Green"S$67.696 mo.
Cheapest 100 % solar planSunseap "Sunseap-100"S$84.4424 mo.
Best overall planPacificLight "Stack It Up"S$68.5924 mo.

Best Fixed Price Electricity Plans in Singapore

  • Union Power: Complimentary Home Contents Insurance for 12 months (coverage up to S$5,000) underwritten by HL Assurance Pte Ltd
  • Geneco: Use promo code GENECO80 to get S$80 off bill, limited sign-ups only
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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\/electricity_retailers\/41?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/41?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.sembcorppower.com%252FPages%252FPricePlans.aspx\"\u003E\u003Cimg alt=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/sembcorp-1\" data-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\/electricity_retailers\/41?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/65?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.unionpower.com.sg%252Fresidential-plans%252F%2523%252F\"\u003E\u003Cimg alt=\"Union Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/unionpower-1\" data-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\/electricity_retailers\/65?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/65?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.unionpower.com.sg%252Fresidential-plans%252F%2523%252F\"\u003E\u003Cimg alt=\"Union Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/unionpower-1\" data-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\/electricity_retailers\/65?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/88?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\u003E\u003Cimg alt=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/pacificlight-1\" data-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\/electricity_retailers\/88?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/88?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\u003E\u003Cimg alt=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/pacificlight-1\" data-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\/electricity_retailers\/88?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/1?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/geneco-1\" data-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\/electricity_retailers\/1?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/1?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/geneco-1\" data-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\/electricity_retailers\/1?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\u003C\/p\u003E\n\u003Cp\u003E"],"offsetPercentage":20}
  • Union Power: Complimentary Home Contents Insurance for 12 months (coverage up to S$5,000) underwritten by HL Assurance Pte Ltd
  • Geneco: Use promo code GENECO80 to get S$80 off bill, limited sign-ups only

Fixed-price electricity plans in Singapore are a great option for those that want to lock in their electricity rate and avoid the uncertainty of rate changes. For this reason, the average 6-month plan tends to be the cheapest option as it is the shortest guarantee of fixed pricing. For a 6-month plan Sembcorp's "6M Fixed Price" plan charges the lowest rate, at 27.10 cents/kWh and Union Power's "Union Saver 12" is the best 12-month plan at 19.55cents/kWh. Regarding longer-term plans, Geneco's "Get It Fixed 36" is the cheapest 24-month plan, at 26.80 cents/kWh.

Electricity Price Comparison for Q3

By choosing these retailers, consumers can save about 32.6% compared to SP Group's rate, which on average amounts to S$276.84 in annual savings.

Best Discount off the Regulated Tariff Electricity Plans in Singapore

  • Tuas Power: Get 1% Cash Rebates on your monthly electricity bills with POSB Everyday Card!
{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Tuas Power Supply Pte Ltd - Image\" data-eventlabel=\"Tuas Power Supply Pte Ltd\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Tuas Power Supply Pte Ltd\" href=\"\/redirect\/electricity_retailers\/82?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsavewithtuas.com%252F\"\u003E\u003Cimg alt=\"Tuas Power Supply Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\/tuaspower-1\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/tuaspower-1\" data-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\/tuaspower-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\/tuaspower-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: Tuas Power Supply Pte Ltd - Button\" data-eventlabel=\"Tuas Power Supply Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Tuas Power Supply Pte Ltd\" href=\"\/redirect\/electricity_retailers\/82?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsavewithtuas.com%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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Tuas Power Supply Pte Ltd - Image\" data-eventlabel=\"Tuas Power Supply Pte Ltd\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Tuas Power Supply Pte Ltd\" href=\"\/redirect\/electricity_retailers\/82?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsavewithtuas.com%252F\"\u003E\u003Cimg alt=\"Tuas Power Supply Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\/tuaspower-1\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/tuaspower-1\" data-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\/tuaspower-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\/tuaspower-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: Tuas Power Supply Pte Ltd - Button\" data-eventlabel=\"Tuas Power Supply Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Tuas Power Supply Pte Ltd\" href=\"\/redirect\/electricity_retailers\/82?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsavewithtuas.com%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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Union Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/86?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.unionpower.com.sg%252Fresidential-plans%252F%2523%252F\"\u003E\u003Cimg alt=\"Union Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/unionpower-1\" data-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 - 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  • Tuas Power: Get 1% Cash Rebates on your monthly electricity bills with POSB Everyday Card!

An alternative to the fixed price plans are plans that provide various discounts off the regulated tariff, which is currently 27.22¢ per kWh. While the rates offered by these plans do fluctuate, they are always set below the tariff rate and can be a great option during periods of lower tariff rates.

Tuas, Union Power and PacificLight offer the largest discounts off the tariff. Tuas's "PowerDo 12 Care" plan offers 23.70% off the regulated tariff discounted rates for 12-month contracts (S$71.59). Union Power's "Power Saver 24" is the cheapest24-month plan at 23.01% off the regulated tariff(S$72.24).

Since these electrical retailers offer seemingly identical rates, you may find that promotions are what make the difference between a good plan and a great one. As such, you will be happy to know that Tuas offers rebates for making payments with your DBS, POSB, UOB, NTUC and Citibank cards.

Best "No-Contract" Electricity Plans in Singapore

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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\/electricity_retailers\/37?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"PacificLight Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/37?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\u003E\u003Cimg alt=\"PacificLight Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/pacificlight-1\" data-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\/electricity_retailers\/37?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fpacificlight.com.sg%252Fhome%252Fplans-new\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/31?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252F%253Futm_source%253DValueChampion%2526utm_medium%253Dlink%25252C%252520referral%2526utm_campaign%253DOhmVC\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/OHM-1\" data-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\/electricity_retailers\/31?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252F%253Futm_source%253DValueChampion%2526utm_medium%253Dlink%25252C%252520referral%2526utm_campaign%253DOhmVC\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Ohm Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/31?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252F%253Futm_source%253DValueChampion%2526utm_medium%253Dlink%25252C%252520referral%2526utm_campaign%253DOhmVC\"\u003E\u003Cimg alt=\"Ohm Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/OHM-1\" data-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\/electricity_retailers\/31?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.ohm.sg%252F%253Futm_source%253DValueChampion%2526utm_medium%253Dlink%25252C%252520referral%2526utm_campaign%253DOhmVC\"\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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/45?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.sembcorppower.com%252FPages%252FPricePlans.aspx\"\u003E\u003Cimg alt=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/sembcorp-1\" data-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\/electricity_retailers\/45?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Sembcorp Power Pte Ltd\" href=\"\/redirect\/electricity_retailers\/45?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.sembcorppower.com%252FPages%252FPricePlans.aspx\"\u003E\u003Cimg alt=\"Sembcorp Power Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/sembcorp-1\" data-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\/electricity_retailers\/45?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"],"offsetPercentage":20}

If you are interested in an electricity plan that offers the most flexibility, then a no-contract plan might be right for you. Currently, PacificLight Energy , Ohm Energy and Sembcorp Power offer the cheapest rates for electricity plans in Singapore. 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 Energy"Easy Peasy"29.68 ¢/kWh (plus 50¢ daily fee)S$126.55
Sembcorp PowerNo Contract Plan27.22 ¢/kWhS$102.08
SP GroupTariff Rate27.22¢S$102.08
* Estimated monthly bill based on 4-room HDB flat using 375 kWh

Best Solar-Generated Electricity Retailers in Singapore

  • Sembcorp: use promo code GET50
  • Geneco: Use promo code GENECO80 to get S$80 off bill, limited sign-ups only
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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\/electricity_retailers\/41?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/6?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/geneco-1\" data-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\/electricity_retailers\/6?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"(Geneco) Seraya Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/6?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.geneco.sg%252Fresidential%252Felectricity-plans%252F\"\u003E\u003Cimg alt=\"(Geneco) Seraya Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/geneco-1\" data-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\/electricity_retailers\/6?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/58?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsignup.sunseap.com%252F%253Fplan%253Dsunseap-100_dot_24mths\"\u003E\u003Cimg alt=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/sunseap-1\" data-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\/electricity_retailers\/58?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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--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=\"nofollow noopener\" target=\"_blank\" title=\"Sunseap Energy Pte Ltd\" href=\"\/redirect\/electricity_retailers\/58?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsignup.sunseap.com%252F%253Fplan%253Dsunseap-100_dot_24mths\"\u003E\u003Cimg alt=\"Sunseap Energy Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/sunseap-1\" data-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\/electricity_retailers\/58?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}
  • Sembcorp: use promo code GET50
  • Geneco: Use promo code GENECO80 to get S$80 off bill, limited sign-ups only

One exciting aspect of the Open Electricity Market is the option to purchase electricity generated from renewable energy sources. Sembcorp Power, Geneco and Sunseap Energy each offer great plans with electricity that is partially or entirely produced by solar energy.

Given that some plans only partially use renewable energy, the monthly cost is slightly higher than the conventional fixed plans but are still more affordable than no-contract plans and other higher-end fixed contract options. In addition to choosing the composition of green energy used in the plan, you can also choose between a fixed and a non-standard plan, which adds more flexibility for environmentally conscious households.

RetailerPlan NameRate (per kWh)Est. Bill
Sembcorp Power"Sunshine Plan" (12mo)27.22 ¢/kWhS$105.38
Sunseap“SUNSEAP-100” (6mo)44.94 ¢/kWhS$168.53
SP GroupTariff Rate27.22¢S$102.08
* Estimated monthly bill based on 4-room HDB flat using 375 kWh

Best Non-Standard Electricity Plan in Singapore

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Keppel Electric Pte Ltd - Image\" data-eventlabel=\"Keppel Electric Pte Ltd\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Keppel Electric Pte Ltd\" href=\"\/redirect\/electricity_retailers\/25?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.keppelelectric.com%252F\"\u003E\u003Cimg alt=\"Keppel Electric Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\/keppelelectric-1\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/keppelelectric-1\" data-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\/keppelelectric-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\/keppelelectric-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: Keppel Electric Pte Ltd - Button\" data-eventlabel=\"Keppel Electric Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Keppel Electric Pte Ltd\" href=\"\/redirect\/electricity_retailers\/25?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.keppelelectric.com%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=\"ShortcodeImage--root \"\u003E\n \u003Cdiv class=\"ShortcodeImage--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate electricity_retailers: Keppel Electric Pte Ltd - Image\" data-eventlabel=\"Keppel Electric Pte Ltd\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Keppel Electric Pte Ltd\" href=\"\/redirect\/electricity_retailers\/25?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.keppelelectric.com%252F\"\u003E\u003Cimg alt=\"Keppel Electric Pte Ltd\" class=\"ShortcodeImage--image lazyload\" style=\"width: 200px;\" data-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\/keppelelectric-1\" src=\"\/\/res.cloudinary.com\/valuechampion\/image\/upload\/e_blur:1000,q_1,f_auto\/referral_logos\/sg\/electricity_retailers\/keppelelectric-1\" data-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\/keppelelectric-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\/keppelelectric-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: Keppel Electric Pte Ltd - Button\" data-eventlabel=\"Keppel Electric Pte Ltd\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Keppel Electric Pte Ltd\" href=\"\/redirect\/electricity_retailers\/25?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.keppelelectric.com%252F\"\u003ECheck Rates \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n"],"offsetPercentage":20}

If you're more active at night than in the daytime, certain plans may help you save money based on when you consume electricity. Keppel Electric's 24-month “Knight” plan offers two rates, at night you will be charged 16.84¢ per kWh, and during the day 21.76¢ per kWh.

Plan7am - 11pm11pm - 7am
Keppel Electric "Knight"21.76¢16.84¢

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

To purchase an electricity plan, you can choose to buy electricity through an electricity retailer in Singapore and either settle for a standard plan with a fixed fee, or a non-standard plan. A non-standard plan provides discounts on the regulated tariff, which for Q1 2022 is 27.22¢ per kWh (inclusive of GST). Find out how you can find the best and cheapest electricity plan in Singapore’s Open Electricity Market.

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 on the Open Electricity Market, you will find that many offer incentives to attract new customers. In some instances, electricity retailers in Singapore will offer cash rebates. In other situations, they may offer discounts of 1-5 percent to those that schedule automatic payments with certain credit cards. These promotions may change; however, they are important to consider as you compare the relative cost of various electricity plans to find the cheapest electricity plans in Singapore.

FAQs

There are twelve electricity retailers in Singapore. Tuas Power Supply , Union Power, Best Electricity Supply, iSwitch, Sunseap, Sembcorp Power,PacificLight Energy , Ohm Energy , Keppel Electric's , Geneco,Diamond Electric, Senoko Energy.

Singapore's cheapest fixed price electricity supplier is Tuas Power Supply , which offers a 6-month plan at S$16.75¢ per kWh or S$62.81 per month for a 4-room HDB flat using 375kWh. The cheapest discount plan is a 12-month Union Power "Power Saver 12" plan, at 25.5% off the regulated tariff, which adds up to S$64.05 per month given the current tariff.

Electricity and gas tariffs are updated every quarter by SP Group. These changes primarily affect those households purchasing electricity from SP Group at the regulated tariff, which is about 53% of households in Singapore. As of the end of June, all other households have switched to an electricity retailer of their own choosing. Given how the electricity plans work, the changes in tariff will affect those purchasing electricity from SP group, as well as those who choose a retailer plan which provides a discount off the regulated tariff. Only fixed plans can insulate you from the fluctuations in the electricity tariff.

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.

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 70 electricity plans (e.g. pricing, fees, rate structure) to make a helpful comparison for consumers. All prices were last checked on June 25, 2021.

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
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Zoryana Melesh

Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.