Start with your latest bill. It tells you who invoices your business, which premises the account covers and what you are paying today. Use that information to work out which Singapore electricity buying options apply.
Start with the account holder
If the business holds its own electricity account, check the buying options for that account and site. If a landlord or building management bills you through a sub-meter, ask who holds the master account and what arrangements apply before obtaining a quote.
See the Open Electricity Market’s guide to master-sub metering for how building-level arrangements work.
The three ways to buy electricity
- Regulated tariff through SP Group. Check whether your account is eligible. The tariff is reviewed quarterly.
- Retailer plan. Check the retailers and plans available for your account and usage, then read the quote and contract terms.
- Wholesale electricity through SP Group. Prices change every half hour, so what you pay can vary with both the market and when you use electricity.
Check your options against the official Open Electricity Market business guide.
Check offers on the same basis
Match the sites, consumption, start date and term. Check whether each price includes GST and what charges, deposits, notice periods and exit terms apply. Ask the retailer to put missing details in writing.
Use the electricity offer worksheet to collect those details. If you want help with offers you already hold, ask SingNRG for a review.
For retailer sales and account support, see the supplier directory.