Keppel Electric Electricity Retailer Review: Should You Sign Up?

Keppel Electric Electricity Retailer Review: Should You Sign Up?

Keppel Electric offers competitive rates for variable rate plans.

Good for

  • Individuals that are interested in an electricity plan that charges less at night

Bad for

  • Individuals seeking the cheapest fixed rate plan

Editor's Rating

3.5/5.0

Overall, Keppel Electric's rates are not the cheapest available in Singapore; however, the retailer is a great choice for those interested in a plan that charges less at night and more during the day. For households that use less electricity during the daytime, or would be able to shift their usage towards night, Keppel's KNIGHT plan could be a great fit.

Summary of Keppel Electric's Plans
Competitively Priced Variable Rates: KNIGHT Plan (16.37¢ (11pm - 7am) - 20.22¢ (7am - 11pm)
Less Competitive Fixed Rate Plans
Experienced Electricity Company: 19+ years in business
Promotion: Promo Code ONLINE40 for S$40 bill rebate

Table of Contents

What Makes Keppel Electric Stand Out to Consumers?

Keppel Electric's rates are not all among the cheapest available in Singapore, but the retailer does not have a competitive variable rate plan. This plan, called KNIGHT, charges customers lower electricity prices during off-peak hours (11pm - 7 am) and relatively higher rates during peak hours (7am - 11pm). This makes Keppel a great choice for those that use more electricity at night, than they do during the day.

PlanContract DurationPricing TypePrice (per kWh)Est. Monthly Bill
FIXED1212 monthsFixed Price18.10¢S$67.88
FIXED2424 monthsFixed Price18.35¢S$68.81
FIXED3636 MonthsFixed Price18.35¢S$68.81
DOT324 months20% Tariff Discount19.70¢S$$73.89
DOT2424 months21% Tariff Discount19.46¢S$72.97
DOTN/A21 % Tariff Discount19.46¢S$72.97
KNIGHTN/AVariable16.37¢ - 20.22¢Varies
Estimated bill assumes 375 kWh, typical usage for 4-Room HDB Flat

How to Enroll: Keppel Sign-Up Process

Consider this if you are interested in an electricity plan with lower rates during off-peak hours

If you are interested in applying for an electricity plan with Keppel, you can click on the buttons on this page to register. Once you're on the Keppel Electric website, you will be asked to select your preferred plan and describe your household size, NRIC number and phone number. Keep in mind that Keppel customers can refer their family and friends in order to earn S$33 per referral. Not only that, the referred customers will receive S$40 off their first bill.

Other Notes: Charges & Fees

Most electricity retailers charge a few fees. Keppel Electric has a few fees associated with its services, though some are avoidable. Additionally, the company is currently waiving its security deposit requirement for Singaporeans and Permanent Residents.

FeeAmount
Late Payment1% per month on outstanding amount
Security DepositCurrently Waived
SP Group Account ClosureS$10.70 (collected on behalf of SP Group)
William Hofmann

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

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