Singapore's Retail Electricity Market
Since 2001, the Energy Market Authority (EMA) has progressively opened up the retail electricity market to competition, to bring about competitive pricing and innovative offers from retailers for the benefit of consumers.
Currently, these consumers are eligible to choose their electricity provider:
- Business consumers with an average monthly consumption of at least 2,000 kWh (equivalent to a monthly electricity bill of at least $400)
- Households and small businesses with postal codes starting with 58 to 78
They can buy electricity from a retailer of their choice at a price plan that best meets their needs, or remain on the regulated tariff rate.
If you are a business consumer, find out if you are currently eligible to exercise your choice here.
Nationwide Rollout of Open Electricity Market
Starting 1 November 2018, Open Electricity Market will be extended to all consumers across Singapore by zones. Over 1.4 million households and business accounts will have the option of buying electricity from a retailer on a price plan that best meets their needs. Open Electricity Market will give consumers more choice and flexibility, while enjoying the same supply through the national power grid.
Consumers can also choose to remain with SP Group and buy electricity at the regulated tariff, and no further action is needed on their part. It is not compulsory to switch to a retailer, and there is no deadline for switching.
The nationwide launch of Open Electricity Market will be rolled out progressively in four geographical zones.
|Zone||Postal Codes Starting With...||To be launched from*|
|1||58 - 78^||1 November 2018|
|2||53 - 57, 79 - 80, 82 - 83||1 January 2019|
|3||34 - 52, 81||1 March 2019|
|4||01 - 33||1 May 2019|
* Schedule is accurate as of 21 September 2018, but may be subject to further changes.
^ Consumers in Jurong (postal codes 60-64) have been able to buy electricity from a retailer since 1 April 2018.
Soft Launch in Jurong
Since 1 April 2018, EMA commenced the soft launch of Open Electricity Market, where households and businesses in Jurong can choose to buy electricity from a retailer with a price plan that best meets their needs. A total of 108,000 residential accounts and 9,500 business accounts are able to exercise this choice.
If your business or residential premises have postal codes starting with 60, 61, 62, 63 or 64, you get to choose who to buy electricity from.
Classification of Consumers
There are four types of consumers.
- 1Small Consumers
Small consumers are business consumers with an average monthly consumption of less than 4,000 kWh and all residential consumers.
- 2Large Consumers
Large consumers are business consumers with an average monthly consumption of at least 4,000 kWh.
- 3Contestable Consumers
Contestable consumers are consumers who choose to buy electricity from a retailer of their choice or from the wholesale electricity market at the half-hourly wholesale electricity price.
- 4Non-Contestable Consumers
Non-contestable consumers are consumers who choose to buy electricity from SP Group at the regulated tariff.