Choosing Your Electricity Provider

Currently, businesses with an average monthly consumption of at least 2,000 kWh (approximately $400 in monthly electricity bill) are eligible to choose their electricity provider (i.e. become contestable).

From 1 April 2018 onwards, households and small businesses in Jurong (with postal codes starting 60, 61, 62, 63 or 64) will also become eligible to choose who they wish to buy electricity from.

With the Open Electricity Market, you can choose to buy electricity from:

 (a)  SP Group at the regulated tariff [no change from current arrangement]
 (b)  An electricity retailer at a price plan that best meets their needs [new]
 (c)  The wholesale electricity market at half-hourly wholesale electricity prices through SP Group [new]

It is not compulsory for you to switch to a retailer or buy from the wholesale electricity market. You can continue to buy electricity from SP Group at the regulated tariff. (Consumers who decide not to switch are termed as non-contestable consumers.)

You will continue to enjoy the same reliable electricity supply regardless of their choice of electricity retailer, as SP Group will continue to operate the national power grid to supply electricity to consumers.

Option

Price of Electricity

Who to buy from

Regulated Tariff

Fixed every quarter

SP Group (SP Services)

Electricity Retailer

Depends on retail electricity package offered by retailers

Households and small businesses (with postal codes starting 60, 61, 62, 63 or 64) in Open Electricity Market can only buy from the retailers who are participating in the soft launch of Open Electricity Market, as listed here.

Large business consumers can buy from any of the licensed retailers listed  here.

Wholesale Electricity Market

Half-hourly wholesale electricity prices

SP Group (SP Services)