Singapore

Open Electricity Market Jan 19 Updates

Open Electricity Market (OEM) is now open for registration for Jurong to Yishun to Punggol consumers!

Timeline of rollout:
Apr 2018: Jurong – Postal  60,61,62,63,64
Nov 2018 : Bt Batok, Bt Timah, Woodlands, CCK-Yishun-Sembawang- Postal 58-78
Jan 2019: Bishan, Serangoon, Sengkang, Punggol – Postal 53-57, 79-80, 82-83 
From Mar 2019: Postal codes 34-52, 81
From May 2019: Postal codes 01-33

Please read the following Facts
㊀ It is not compulsory for you to switch to a retailer. You can remain with SP Group to buy electricity at the regulated tariff if you prefer to do so.

㊁ Electricity is produced by the power generation companies. SP Group then transmits and distributes it to consumers through the national power grid. Your electricity supply stays the same whether you switch to a retailer or not. This is because SP Group will continue to operate the national power grid and deliver electricity to everyone.

㊂ Read the fine prints before signing up, some retailers charge miscellaneous fees such as retail service fee or paper bill fee. Please DO read very carefully before signing up and read the fine prints!

㊃ The SP current tariff are as below:
** Prices are before GST 7%**
S$0.2385/kWh – 2019 Jan – Mar
S$0.2413/kWh – 2018 Oct-Dec
S$0.2365/kWh – 2018 Jul-Sep
S$0.2215/kWh – 2018 Apr-Jun

㊄ Before you decide on which retailer, first ask yourself do you want to receive the same SP paper bill even after switching to a retailer? Some retailers has SP integrated paper bill while the rest uses own e-billing. Retailers that use SP integrated billing are Ohm, Tuas Power, Red Dot Power and Best Electricity. 

Price Comparisons between retailers (** Prices are before GST 7%**)

Ohm Energy
■ [Fixed] $0.168/kWh (24mth) | $0.1685/kWh (12mth) | $0.1715/kWh (6mth)
■ [Simply-Fixed] $0.1625/kWh +$10/mth (No contract)
■ [Wholesale] Wholesale USEP + third-party charges (no contract)
■ [Discount] 25% off (6|12mth)

Geneco
■ [Peak/Off-peak] $0.145/kWh Off peak (12am-6am) / $0.215/kWh peak (6am-12am) (24mths)
■ [Fixed] $0.181/kWh (12mth) | $0.168/kwh (24mth) $0.1671/kwh (36mth)
■ [Discount] 21% off (24mths)
■ [Discount] 20% off (Trial 6mths)
■ [Free Sunday] Mon-Sat $0.21/kwh, Sunday Free

Keppel Electric
■ [Discount] 21% (24mth)  
■ [Fixed] $0.168/kwh (24mths) | $0.173/kwh (12mths) | $0.176/kwh (6mths)
■ [Peak/Off-peak] (Peak: 7am-11pm; $0.1880/kwh) / (Off-Peak: 11pm-7am; $0.1538KWh (24mths)

Tuas Power
■ [Fixed] $0.168/kWh (36mth|25mths|18 mths)
■ [Discount] 21% (24mth) | 18% (6mth)
■ [Peak/Off-peak] (7am-7pm) $0.20.2/kWh Peak (7am-7pm) / $0.19/kWh Off-Peak (7pm-7am)

Best Electricity
■ [Cash Rebate] (3mths avg usage*$1.07)
■ [Discount] 21% off (24mths) | 15% off (12mths)
■ [Fixed] $0.168/kWh (24mth)

Sembcorp Power
■ [Fixed] $0.1735/kwh (12mth) | $0.168/kwh (24mth)
■ [Discount] 21% (12mth) | 21.8% (24mth)
■ [Flat Fee] $79.90/mth @ 450kwh (10% off thereafter) (12 mth)
■ [Flat Fee] $76.90/mth @ 450kwh (10% off thereafter) (24mth)
■ [Flat Fee] $52.90/mth @ 300kWh (10% off thereafter) (12mth)

iSwitch
■ [Discount] 23% (24mth) | 22.8% (12mth)
■ [iPad] Free iPad & 5% Discount (36mths)
■ [Fixed] $0.164/kWh (24mth) $0.165/kwh (12mth)

PacificLight
■ [Discount] 21% (24mth | 12 mth)
■ [Fixed] $0.1679/kWh (24mth) | $0.1783/kWh (12mth)
■ [Peak/Off-peak] Peak 16%, Off-Peak 26% (12mth | 24mth) *peak 7am – 11pm
off-peak 11pm – 7am

Senoko Energy
■ [Discount] 14.5% (12mth) | 17.25% (24 mth)
■ [Fixed] $0.177/kWh (12mth) | $0.1677/kWh (24mth)

Sunseap
■ [Discount] 23% (6mth|12mth|24mth) 
■ [Fixed] $0.1685/kWh (6 mth) | $0.1727/kWh (12mth) | $0.1680 (24mth)

Union Power
■ [Fixed] $0.1757/kWh (24mth)
■ [Discount] 21% (24 mth)

Diamond Electric
■ [Discount] 22.5% (12mth) | 20.5% (6mth)

ES Power Singapore
■ [Fixed] $0.174/kWh (12mth)
■ [Fixed] $0.176/kWh (24mth)

Retailers that exited residential market
Sunseap-Starhub
Red Dot Power
Hyflux Energy

Retailers serving only exisiting Jurong Customers
Sun Electric

Extracted from Hardware Zone Forums (Jurong640)

https://forums.hardwarezone.com.sg/eat-drink-man-woman-16/open-electricity-market-oem-part-3-a-5963931.html

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