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Are you eligible to switch to an Electricity Retailer?
Are you eligible to switch electricity retailer?
We've partnered with some great Electricity Retailers who can save you big $$ in no time!
How it Works
Select an Electricity Retailer
Browse electricity packages
Select the best package for you
Sign-up online using your Singpass
Start saving on your electricity bill now!
How It Works
Select an Electricity Retailer
Browse electricity packages
Select the best package for you
Sign-up online using your Singpass
Start saving on your electrical bill now!
Sound too good to be true? It's not. Singapore's move to an Open Electricity Market is designed to reduce your electricity bill. You can read about it here.
Worried the lights will go out? No, lah! Your physical power supply doesn't change. An Electricity Retailer is not your local utility. It's the company that buys electricity in the wholesale market and passes the savings onto you.
The catch? There's no catch, but you must locate your last electricity bill and take two minutes to sign-up on mySG Home to earn savings from Sg Open Electricity Market.
Use your SingPass for an easy, fast, and secure sign-up.
*
Actual savings will depend upon the plan selected and actual electricity consumption over the relevant contract period.
Potential savings calculations are based on average consumption by premise type and tariff rates
published by SP Group and the relevant retailer.
Consumer Advisory for Open Electricity Market
1. Switching to an electricity retailer is not compulsory. There is no deadline for switching, so take your time to understand your options before making a decision.
2. Switching to a retailer will not affect your electricity supply. SP Group will continue to operate the national power grid and deliver electricity to you.
3. There are two types of standard price plans:
Fixed Price Plans are more suitable for consumers who prefer a constant electricity rate throughout the contract duration. The electricity rate may be higher or lower than the regulated tariff during the contract duration, as the regulated tariff is reviewed every quarter.
Discount Off the Regulated Tariff Plans provide a fixed discount off the regulated tariff, but the electricity rates will change when the regulated tariff changes. These plans are more suitable for consumers who do not mind changes in electricity rates every quarter so long as it is lower than the regulated tariff.
4. Before you sign up with a retailer:
Read your selected price plan's Fact Sheet which summarises the key contractual terms. If you choose a contract with automatic renewal, the retailer must offer a renewed electricity rate that is lower than the regulated tariff at the point of renewal.
Take note of the terms and conditions for any bundled products or services. Ask the retailer to explain the terms and conditions of the contract if you do not understand them.
5. For any dispute with your contracted retailer, you can approach the Consumers Association of Singapore (CASE) for assistance.
Acknowledgement
I hereby acknowledge that I have read and understood the above advisory before signing up with retailer.
Factsheet
Click here to download the factsheet.
Use for faster online application
Coming soon
Congrats! You are eligible to switch your electricity retailer and save up to 30%*

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