
Price Comparison Tool
- 1.Are retailers obliged to honour the price plans’ information, including the offered electricity rates, that is published on the Price Comparison Tool?
Retailers are bound by the Code of Conduct for Retail Electricity Licensees to honour the price plans published on the Price Comparison Tool.
- 2.What are Standard and Non-Standard Price Plans?
Standard Price Plans offer all-inclusive electricity rates (i.e. no separate per-kWh fees) with a contract duration of either 6 months, 12 months or 24 months. The electricity rates for Standard Price Plans will not change throughout the contract duration and do not include any recurring charges or fees.
- Fixed Price Plan: Pay a constant rate (e.g. 20 cents/kWh) for electricity throughout your contract duration.
- Discount Off the Regulated Tariff Plan: Enjoy a fixed discount off the prevailing regulated tariff (e.g. 20% off) throughout your contract duration.
You may wish to use the Price Comparison Tool at compare.openelectricitymarket.sg to compare the Standard Price Plans offered by electricity retailers
Non-Standard Price Plans are plans where the electricity rates may not be all-inclusive and may change during the contract duration in accordance to the terms and conditions of the contract. They may also include recurring charges or fees, and retailers have the flexibility to decide on the pricing structure and contract duration.
Please speak to an electricity retailer if you wish to find out more about such plans.
- 3.What is the Price Comparison Tool?
The Price Comparison Tool is a neutral online information platform to help consumers easily compare the standard price plans offered by retailers.
The Price Comparison Tool is an initiative by EMA, and EMA does not receive any commission or other sources of revenue for this platform.
