Open Electricity Market (OEM) is now open for registration Jurong to Pasir Ris consumers (except Clementi to Central areas).
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 is excluding GST 7%**
$0.2143/kWh – 2020 Oct – Dec
$0.1960/kWh – 2020 Jul – Sep
$0.2302/kWh – 2020 Apr – Jun
$0.2424/kWh – 2020 Jan – Mar
$0.2343/kWh – 2019 Oct – Dec
$0.2422/kWh – 2019 Jul – Sep
$0.2279/kWh – 2019 Apr – Jun
$0.2385/kWh – 2019 Jan – Mar
$0.2413/kWh – 2018 Oct – Dec
$0.2365/kWh – 2018 Jul – Sep
$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] $0.1771/kWh (24mth) | $0.1766/kWh (12mth) | $0.1822/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] $0.166/kwh (24mth) | $0.1666/kwh (36mth)
■ [Discount] 22% off (24mths)
■ [Discount] 20% off (Trial 6mths)
■ [Free Sunday] Mon-Sat $0.21/kwh, Sunday $0/kWh (24mth)
■ [Trial] $0.164/kWh (6mth)
■ [Green] $0.19/kWh carbon-neutral electricity (12mths)
✍Keppel Electric
■ [Discount] 21% (24mth)
■ [Fixed] $0.1662/kwh (24mths) | $0.1749/kwh (12mths) | $0.1652/kwh (6mths)
■ [Peak/Off-peak] (Peak: 7am-11pm; $0.1888/kwh) / (Off-Peak: 11pm-7am; $0.1510KWh (24mths)
✍Tuas Power
■ [Fixed] $0.168/kWh (36mth | 25mths|18 mths)
■ [Discount] 22% (24mth) | 18% (6mth)
✍Best Electricity
■ [Cash Rebate] (3mths avg usage*$1.07)
■ [Discount] 22% off (24mths) | 21% off (12mths)
■ [Fixed] $0.176/kWh (24mth) | $0.182/kWh (12mth) | $0.184/kWh (6mth)
✍Sembcorp Power
■ [Fixed] $0.1742/kwh (12mth) | $0.166/kwh (24mth) | $0.164/kWh + $0.33/kWh/day
■ [Discount] 20.5% (12mth) | 22.5% (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) | $0.1647/kwh (12mth) | $0.1639/kWh (36mth)
✍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] $0.1724/kWh (12mth) | $0.1677/kWh (24mth)
✍Sunseap (updated on 20 Oct 2019)
■ [Discount] 23% (6mth|12mth|24mth)
■ [Fixed] $0.1685/kWh (6 mth) | $0.1724/kWh (12mth) | $0.1659 (24mth)
✍Union Power
■ [Fixed] $0.1757/kWh (24mth)
■ [Discount] 21% (24 mth)
✍Union Power
■ [Discount] 22% (24 mth)
✍Diamond Electric
■ [Discount] 24% (12mth) | 20% (6mth)
✍ES Power Singapore
■ [Fixed] $0.174/kWh (12mth) | $0.1826/kWh (24mth)
■ [Discount] 22.8% (12mth) | 23% (24mth) | 23.2% (36mth)
Update (6th June 2019)
iSwitch and ES Power announced a new partnership of their electricity retail businesses. As part of the partnership, ES Power’s business and residential consumers will be transferred to iSwitch, who will honour the same electricity rate, terms and conditions of their existing contracts. This allows iSwitch to become the largest green electricity retailer in Singapore. iSwitch and ES Power will work together to promote a sustainable and green Singapore.
Retailers that exited residential market
Red Dot Power
Sun Electric
Hyflux Energy
ES Power Singapore
Sunseap-Starhub
**they do not accept new sign ups
Retailer serving only existing Jurong customersSunseap-Starhub
Credits from Hardware Zone Forum (Jurong640)
https://forums.hardwarezone.com.sg/eat-drink-man-woman-16/open-electricity-market-oem-part-4-a-6002038.html
https://forums.hardwarezone.com.sg/eat-drink-man-woman-16/open-electricity-market-oem-part-5-a-6094331.html
Updated as 06 Nov 2020 and information is correct to the best of my knowledge.
Please check with the retailers as online and road show promotion price are different.