Tuas Power
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Tuas Power PowerFIX 12 Plan | 29.52 | 12 months |
| Tuas Power PowerFIX 18 Plan | 29.52 | 18 months |
| Tuas Power PowerFIX 24 Plan | 29.52 | 24 months |
| Tuas Power PowerFIX 36 Plan | 29.52 | 36 months |
What Are Customers Saying?
Customer Support – 4.8
Ease of signup -4.8
Online Portal – 4.7
Senoko Energy
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Senoko Energy LifePower24 Plan | 28.98 | 24 months |
| Senoko Energy LifeGreen24 Plan | 29.44 | 24 months |
| Senoko Energy LifePower12 Plan | 28.98 | 12 months |
What Are Customers Saying?
Customer Support – 4.7
Ease of signup – 4.8
Online Portal – 4.8
Ohm Energy
Pricing Not Currently Available
What Are Customers Saying?
Customer Support – 5.0
Ease of signup – 5.0
Online Portal – 4.9
Keppel Electric
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Keppel Electric FIXED12 Plan | 31.80 | 12 months |
| Keppel Electric FIXED24 Plan | 31.80 | 24 months |
| Keppel Electric ecoGreen12 Plan | 37.80 | 12 months |
| Keppel Electric ecoGreen24 Plan | 37.80 | 24 months |
What Are Customers Saying?
Customer Support – 3.6
Ease of signup – 4.3
Online Portal – 3.9
Geneco
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Geneco Get It Fixed 24 Plan | 28.98 | 24 months |
| Geneco Get It Fixed 12 Plan | 28.98 | 12 months |
| Geneco Give Us A Try Plan | 29.30 | 6 months |
What Are Customers Saying?
Customer Support – 3.8
Ease of signup – 4.3
Online Portal – 4.0
Sembcorp Power
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Sembcorp Power Fixed Price 12m Plan | 29.46 | 12 months |
| Sembcorp Power Sunshine 12m Plan | 41.34 | 12 months |
What Are Customers Saying?
Customer Support – 4.6
Ease of signup – 4.8
Online Portal – 4.7
Diamond Electric
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Diamond Electric Maybank Saver Plan | 20.02 | 12 months |
| Diamond Electric UOB Saver Plan | 20.02 | 12 months |
| Diamond Electric Freedom (No Lock-In) Plan | 20.52 | 6 months |
| Diamond Electric Sure Save Plus Rebate Plan | 20.02 | 12 months |
iSwitch
Pricing Not Currently Available
What Are Customers Saying?
Customer Support – 2.9
Ease of signup – 3.9
Online Portal – 3.5
Union Power
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Fixed Rate Plan | 32.10 | 6 months |
What Are Customers Saying?
Customer Support – 3.9
Ease of signup – 4.2
Online Portal – 3.6
PacificLight
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| PacificLight Savyy Saver 24 Plan | 29.68 | 24 months |
| PacificLight Stack It Up 24 Plan | Non Standard | 24 months |
| PacificLight Savvy Saver 12 Plan | 29.80 | 12 months |
| PacificLight Easy Peasy Plan | Non Standard | No Contract |
| PacificLight Sunny Side-Up 12 Plan | 29.80 | 12 months |
Sunseap
| Plan Name | Rate (c/kWh) | Contract Duration |
|---|---|---|
| Sunseap-One 6m Plan | 19.27 | 6 months |
| Sunseap-One Fixed 6m Plan | 18.81 | 6 months |
| Sunseap-One Fixed 12m Plan | 19.68 | 12 months |
| Sunseap-One 12m Plan | 19.27 | 12 months |
| Sunseap-One 24m Plan | 19.12 | 24 months |
| Sunseap-100 24m Plan | 22.52 | 24 months |
| Sunseap-50 Fixed Plan | 21.61 | 24 months |
| Sunseap-One Fixed 24m Plan | 19.81 | 24 months |
| Sunseap-100 Fixed Plan | 23.75 | 24 months |
| Sunseap-50 24m Plan | 21.27 | 24 months |
Best Electricity
Pricing Not Currently Available
Energy Expert FAQs
Electricity Prices in Singapore: Will electricity prices rise in Singapore in 2023? How will the open electricity market affect price plans and electricity retailers?
In 2023, Singapore is set to experience significant changes in its electricity landscape with the advent of the open electricity market. Residents are naturally curious about the potential impact on electricity prices. Will electricity prices rise in Singapore in 2023 due to this transition?
Under the open electricity market, consumers will gain the ability to choose from a variety of electricity retailers and price plans, allowing them to tailor their energy consumption to their needs. This shift brings forth several possibilities, including the availability of the best electricity price plans and options that cater to individual preferences.
The open electricity market encourages healthy competition among electricity retailers, ultimately benefitting consumers. With an array of choices, consumers may find plans that offer the cheapest rates for their households or businesses. This competition is expected to keep prices competitive and may even result in favorable price adjustments.
As consumers explore the new price plans offered by various electricity retailers, the open electricity market is likely to foster an environment where energy costs can be managed more effectively. While the specific impact on prices remains to be seen, the transition to the open electricity market introduces a more dynamic electricity ecosystem that could offer the best electricity deals, creating a win-win scenario for both consumers and the environment.
The open electricity market not only facilitates the choice of price plans but also empowers consumers to participate actively in shaping their energy consumption patterns. This change reflects Singapore’s commitment to sustainability and energy efficiency, encouraging consumers to align their electricity choices with their values.
Understanding EMA and OEM: What is the Energy Market Authority (EMA) and how does it relate to the Open Electricity Market (OEM)? How does the OEM offer different price plans and options from various electricity providers?
The Energy Market Authority (EMA) plays a pivotal role in Singapore’s electricity landscape, especially with the forthcoming changes in 2023 due to the open electricity market (OEM). EMA oversees and regulates the energy sector, ensuring its reliability, sustainability, and competitive nature.
The open electricity market, introduced to enhance consumer choice and competition, allows consumers to select from a range of electricity retailers and price plans. This transition from the regulated tariff to a more dynamic and diversified market structure offers numerous benefits, including access to the best electricity price plans and the ability to tailor plans according to individual preferences and consumption patterns.
In this evolving landscape, consumers have the liberty to choose the electricity provider that aligns with their needs. Different electricity retailers offer a variety of price plans, enabling consumers to select the most suitable one based on factors such as cost, energy consumption, and preferences.
The open electricity market’s multi-pronged approach empowers consumers to navigate through an array of options, ensuring they can secure the best deals. This shift introduces a level of competition that encourages retailers to offer competitive rates and incentives, promoting overall price transparency and consumer empowerment.
In essence, the Energy Market Authority’s stewardship and the open electricity market’s introduction merge to offer consumers in Singapore the freedom to explore, compare, and choose from various electricity price plans provided by different retailers. This transformative shift not only benefits individual households and businesses but also contributes to a more competitive and sustainable energy landscape for Singapore in the years to come.
Cost of Electricity in 2024: Will the cost of electricity be cheaper or more expensive in 2024 due to changes in the open electricity market? How can consumers find the best electricity deals and plans?
As 2023 brings about significant changes in Singapore’s energy landscape with the open electricity market (OEM), the question of whether the cost of electricity will be cheaper or more expensive in 2024 is on many minds. The OEM introduces a competitive environment that can lead to more competitive pricing among electricity retailers, potentially resulting in better deals for consumers.
Consumers looking to find the best electricity deals and plans can utilize various strategies. Firstly, comparing electricity price plans is essential. Consumers can explore the different price plans offered by various electricity retailers, considering factors such as fixed rates, discounts off regulated tariffs, and bundled perks like cashback or rewards.
In the open electricity market, the flexibility to choose the best electricity plan for individual needs is a key advantage. Consumers can assess their energy consumption patterns, lifestyle, and preferences to determine which plan aligns with their requirements. Additionally, seeking out reviews and recommendations can provide insights into the reliability and customer service of different electricity retailers.
To secure the best electricity deals, keeping an eye out for promotions, discounts, and special offers is important. Some retailers may introduce limited-time offers or exclusive deals that can provide additional savings.
Benefits of OEM: How do you benefit from the Open Electricity Market (OEM) as a consumer? Can you choose the best electricity retailer that suits your needs and preferences?
Switching Retailers and Electricity Supply: If I switch electricity retailers, will my electricity supply be disrupted? What precautions should I take when choosing an electricity retailer during the transition to the open electricity market?
Choosing the Best Electricity Retailer: What criteria determine the best electricity retailer in Singapore? How can consumers compare and select the most suitable electricity price plans?
Consumers are empowered to evaluate and select the most suitable electricity price plans based on their individual preferences and needs.
To determine the best electricity retailer in Singapore, consumers should compare various factors. Begin by assessing the electricity price plans available, considering both the cheapest options and those that offer additional benefits such as fixed price plans, discounts off regulated tariffs, or cashback incentives. Reputable retailers like Sembcorp Power, Tuas Power, Union Power, and Senoko Energy are known for providing transparent and competitive plans.
When comparing electricity price plans, take into account the terms and conditions, including any non-standard price structures or terms. The Energy Market Authority oversees these aspects to ensure fair practices and stability in the market. Utilize price comparison tools and resources offered by the Energy Market Authority to make informed decisions.
Consider your own electricity consumption patterns, as different retailers offer plans tailored to various needs. If you’re seeking consistency, fixed rate plans might be suitable, or if you prefer flexibility, explore plans that offer cashback or discounts.
The Energy Market Authority encourages consumers to explore the diverse offerings of many electricity retailers, bearing in mind that the best open electricity market includes options beyond just the cheapest electricity plan. This comprehensive approach allows consumers to make informed decisions that align with their financial goals and energy requirements, ensuring a seamless and rewarding experience within the open electricity market.
Understanding Electricity Tariffs: How are electricity tariffs calculated in Singapore? What factors contribute to changes in electricity prices under the open electricity market?
Understanding electricity tariffs is crucial for consumers seeking the best electricity deals. Electricity tariffs in Singapore are calculated based on various factors. The primary component is the regulated tariff, which is set by the Energy Market Authority and reviewed quarterly. This tariff covers the cost of electricity generation, transmission, and distribution.
Under the open electricity market, consumers have the freedom to choose their electricity retailer and price plan. This choice influences changes in electricity prices. Factors that contribute to fluctuations in electricity prices include market conditions, demand and supply dynamics, fuel costs, and global energy trends. Retailers like Sembcorp Power, Tuas Power, Union Power, and Senoko Energy offer diverse price plans, from fixed rate plans to plans with discounts off regulated tariffs.
Consumers can compare and select the most suitable electricity price plans by considering their own electricity consumption patterns. Tools provided by the Energy Market Authority allow consumers to compare the 8 best electricity price plans easily. It’s essential to consider factors beyond just the cheapest electricity plan, such as fixed price plans and cashback offers, which could provide additional benefits.
As consumers explore different price plans, the Energy Market Authority ensures transparency and fair practices across the board. This encourages healthy competition among retailers, ultimately benefiting consumers with diverse options and competitive prices.
Switching Providers and Fees: How do I switch electricity providers in Singapore? Are there any fees associated with switching electricity retailers? What should consumers watch out for during this process?
Singapore’s open electricity market in 2023, switching electricity providers is a straightforward process that offers consumers the opportunity to secure the best electricity deals. To switch providers, consumers need to follow a few simple steps. They can begin by researching and comparing the 8 best electricity price plans from various electricity retailers to find the most suitable option, considering factors beyond just the cheapest plan.
Switching electricity retailers is typically free of charge, and no interruption in electricity supply occurs during the transition. Consumers should watch out for transparent and honest retailers who provide clear information about their price plans. Reputable retailers such as Sembcorp Power, Tuas Power, Union Power, and Senoko Energy offer reliable options and contribute to the diversity of the open electricity market.
During the switch, it’s important to ensure that the new price plan aligns with your electricity usage patterns and preferences. Verify any discounts off regulated tariffs, fixed price plans, or cashback offers before making the switch. Understand the terms and conditions associated with the new plan, including any potential non-standard pricing structures.
The Energy Market Authority oversees the entire process to ensure fair practices, transparency, and stability. This regulatory oversight ensures that consumers can confidently explore different retailers without worrying about hidden fees or unreliable services. By adhering to these guidelines and conducting thorough research, consumers can smoothly transition to their chosen electricity retailer, securing the best electricity plan that meets their needs within the open electricity market.
Billing After Retailer Switch: How will I be billed for my electricity after switching retailers in the open electricity market? How does the billing process work with different electricity providers?
When switching electricity retailers within Singapore’s open electricity market in 2023, the billing process may change, but it remains a straightforward and uninterrupted experience for consumers. After switching, your electricity consumption will still be recorded by the same meter, and the Singapore Power (SP) Group will continue to manage the meter readings and bill generation.
Depending on the new electricity retailer you’ve chosen, your billing process might differ slightly. Different retailers offer various electricity price plans, and these plans may include diverse billing cycles – some might bill you monthly, while others could bill quarterly. You will receive an electricity bill that details your consumption and the charges associated with the chosen price plan.
When comparing and selecting your new electricity provider, consider the billing process as well. Reputable retailers such as Sembcorp Power, Tuas Power, Union Power, and Senoko Energy have transparent billing procedures and offer clear information about their billing cycles and payment methods.
As you make the switch, ensure that you have clear communication with your chosen retailer about the billing process, payment due dates, and any available payment options. Make a note of the contact information for customer support in case you have any inquiries about your bill or need assistance.
AMI Installation and Necessity: What is an Advanced Metering Infrastructure (AMI), and is it necessary to install one in your home? How does AMI relate to the open electricity market?
Advanced Metering Infrastructure (AMI) refers to a modern system that remotely measures and manages electricity consumption. While not mandatory, AMI installation in your home offers significant advantages. It replaces traditional meters, enabling accurate real-time monitoring of electricity usage, which empowers consumers to better manage their energy consumption and make informed decisions about their price plans.
AMI aligns closely with the open electricity market as it supports the diverse price plans and choices offered by different electricity retailers. This technology provides consumers with the data they need to select the best electricity plan that suits their consumption patterns. Retailers like Sembcorp Power, Tuas Power, Union Power, and Senoko Energy can tailor their offerings based on the detailed consumption information provided by AMI.
The introduction of AMI also encourages healthy competition among retailers. Consumers can effectively compare and analyze their electricity consumption, ensuring that they find the best electricity retailer and price plan that meets their specific needs. Moreover, AMI technology streamlines the billing process, reducing estimation errors and ensuring accurate bills based on actual usage.
While the installation of AMI is not mandatory, its adoption can lead to better energy management, more informed decisions, and a more efficient electricity market. This aligns well with Singapore’s ongoing efforts to promote sustainability and consumer empowerment in the energy sector.
Importance of Choosing New Retailer: Is it necessary to find a new electricity retailer due to the Open Electricity Market? What are the advantages of switching to a new retailer?
The Open Electricity Market has ushered in a new era of choice and flexibility for consumers. While not mandatory, choosing a new electricity retailer is highly beneficial due to several reasons. Switching to a new retailer empowers consumers to tailor their energy consumption experience according to their preferences and needs.
The advantages of switching to a new electricity retailer in the open electricity market are numerous. Firstly, it allows consumers to explore a variety of price plans and select the one that best aligns with their usage patterns and budget constraints. With a range of options offered by retailers like Sembcorp Power, Tuas Power, and Senoko Energy, consumers can find the best electricity price plans, including fixed rates, discounted tariffs, and more.
Furthermore, competition among retailers results in competitive pricing and innovative offerings. Many electricity retailers, including those recognized as the best in Singapore, provide additional benefits such as cashback rewards and promotions for credit card users. By taking advantage of such offers, consumers can maximize savings on their electricity bills.
Choosing a new retailer also promotes better energy management. Consumers gain access to real-time data through Advanced Metering Infrastructure (AMI), which assists in making informed decisions about energy consumption and optimizing usage during peak and off-peak hours.
In essence, while not obligatory, the act of selecting a new electricity retailer is integral to fully experiencing the benefits of the open electricity market. It empowers consumers to customize their energy consumption plans, capitalize on competitive pricing, and make informed decisions that align with their financial goals and lifestyle preferences.
Energy Saving Tips: How can residents save electricity in Singapore? What are some practical ways to reduce energy consumption and contribute to a sustainable environment?
As Singapore continues its energy journey in 2023 with the Open Electricity Market, residents have a unique opportunity to make a positive impact on both their wallets and the environment by adopting energy-saving practices. With a plethora of electricity retailers, price plans, and options available, here are some practical ways residents can reduce their energy consumption and contribute to a sustainable future.
- Choose the Right Plan: Compare electricity price plans from different retailers to find the one that best suits your usage patterns. Opt for plans that offer energy-efficient incentives, discounts, or cashback rewards.
- Embrace LED Lighting: Replace traditional incandescent bulbs with energy-efficient LED lights. They consume significantly less electricity and have a longer lifespan.
- Unplug and Switch Off: Unplug chargers, appliances, and devices when not in use. Even in standby mode, they can continue to draw power.
- Use Energy-Efficient Appliances: Invest in appliances with higher energy efficiency ratings. These appliances consume less energy while performing the same tasks.
- Mind Your Air Conditioning: Set your air conditioner at an optimal temperature and avoid excessive cooling. Use fans to circulate air in rooms to reduce reliance on air conditioning.
- Wash Wisely: Run washing machines and dishwashers with full loads to maximize efficiency. Use cold water for laundry whenever possible.
- Seal Leaks: Ensure windows and doors are properly sealed to prevent air leaks, which can lead to unnecessary cooling or heating.
- Harness Natural Light: Make the most of natural light during the day by keeping curtains open and minimizing the use of artificial lighting.
- Reduce Phantom Load: Plug electronic devices into power strips and turn them off when not in use to prevent phantom energy consumption.
- Upgrade Appliances: If possible, upgrade old appliances to more energy-efficient models. Refrigerators, for example, can be a significant source of energy consumption.
Major Electricity Consumers: What consumes the most electricity in Singapore? How can individuals and businesses work together to reduce energy consumption from major sources?
In Singapore, major electricity consumers encompass both residential and commercial sectors. These include air conditioning, lighting, appliances, and industrial processes. Collaborative efforts between individuals and businesses are vital to curbing energy consumption from these sources and fostering a more sustainable future.
Air Conditioning: Singapore’s tropical climate demands extensive air conditioning usage. Individuals can optimize temperature settings and use fans to reduce reliance on air conditioning. Businesses can invest in energy-efficient cooling systems and ensure proper maintenance.
Lighting: Both households and businesses can transition to energy-efficient LED lighting. Timely switching off lights when not in use and maximizing natural light can significantly cut down electricity usage.
Appliances: In homes and offices, appliances such as refrigerators, water heaters, and computers can be significant energy consumers. Selecting energy-efficient models, using them judiciously, and unplugging devices when not needed are effective practices.
Industrial Processes: Industries account for a substantial portion of energy consumption. Implementing energy-efficient technologies and optimizing production processes can lead to substantial energy savings.
Collective Actions: Individuals and businesses can collaborate through various initiatives:
- Energy Audits: Businesses can conduct energy audits to identify areas of wastage and implement tailored energy-saving strategies.
- Education and Awareness: Government and electricity retailers can raise awareness about energy-saving practices, encouraging residents and businesses to make informed decisions.
- Incentives: Offer incentives such as discounts on energy-efficient appliances or tax benefits for businesses implementing energy-saving measures.
- Demand Response Programs: These programs encourage businesses to reduce energy consumption during peak periods, benefiting both the grid and participating entities.
- Public-Private Partnerships: Collaborative efforts between public and private sectors can result in innovative solutions for reducing energy consumption.
- Smart Technology: Leveraging smart technology, such as smart meters and home automation systems, can help individuals and businesses monitor and manage energy usage more effectively.