Choosing Your Electricity Supplier
Contestable consumers can choose to buy electricity under one of the following options:
- Electricity retailers under a retail price plan that best meets their needs; or
- Indirectly from the wholesale electricity market through SP Group at the half-hourly wholesale electricity prices.
It is not compulsory to become contestable. Consumers who prefer to stay with SP Group to buy electricity at the regulated tariff can continue to do so. Such consumers shall remain as non-contestable consumers.
Consumers 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.
|Option||Price of Electricity||Who to buy from|
Depends on retail electricity package offered by retailers
Any of the active licensed retailers listed here
|Wholesale Electricity Market||
Half-hourly wholesale electricity prices
SP Group (SP Services)
Fixed every quarter
SP Group (SP Services)
Choosing Your Retailer
Different retailers will offer different price plans. You should contact more than one retailer to find out the various options available to you before making a decision.
Business consumers with an average monthly consumption of less than 2,000 kWh and all residential consumers can only buy electricity from retailers who have satisfied EMA’s requirements to participate in the soft launch of Open Electricity Market, starting April 2018 in Jurong. The list of retailers who have satisfied EMA’s requirement will be made available on this website in March 2018.
On the other hand, large business consumers with an average monthly consumption of at least 2,000 kWh can buy electricity from any of the licensed electricity retailers.
Choosing Your Price Plan
Retail price plans can be grouped into two types: Standard Price Plans and Non-Standard Price Plans
Standard price plans have the following pricing structures:
- Fixed price where the electricity will be fixed throughout the contract duration;
- Discount off the prevailing regulated tariff where the electricity rate will be a discount off the prevailing regulated tariff offered by SP Group throughout the contract duration; and
- Peak vs. off-peak price where the electricity rate differs depending on when electricity is consumed.
Non-standard price plans refer to all other forms of price plans. Some examples of non-standard price plans include price plans which are indexed to the half-hourly Uniform Singapore Electricity Price or oil prices.EMA will be developing an online information portal to help consumers easily compare the standard price plans offered by retailers. The portal will be launched on this website soon. Do keep a look out for it!