Updated April 19, 2022
Excellent! ROSHI has found 280 plans that suit your criteria.
Sunshine Plan (HDB 5-room)
Green PlanPlan Type
12 MonthsContract Length
28.1 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee$5.35 per bill (incl gst)
Early TerminationUp to (ETC = Termination Rate x Unexpired Months) Termination Rate per month: HDB 1-RM $10 / HDB 2-RM $15 / HDB 3-RM $20 / HDB 4-RM $30 / HDB 5-RM $35 / HDB Exec & Pvt Apt $40 / Terrace $70 / Semi-D $95 / Bungalow $200
Security DepositHDB 1-RM/2-RM/3-RM $50.00 HDB 4-RM/5-RM $60.00 HDB Exec/Pvt Apt $90.00 Terrace/Semi-D $120 Bungalow $200
Avergage Monthly Bill per
HDB (1 room)$41.06
HDB (2 rooms)$53.74
HDB (3 rooms)$74.35
HDB (4 rooms)$104.21
HDB (5 rooms)$121.48
HDB Executive$147.40
Apartment$154.00
Terrace$232.75
Semi-Detached$318.24
Bungalow$620.71
Union Saver 6 (Terrace)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (Semi-Detached)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (HDB Executive)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (HDB 5-room)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (HDB 4-room)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
PowerFix 24 (Terrace)
Fixed PricePlan Type
24 MonthsContract Length
27.11 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% per month on outstanding amount
Early TerminationUp to $200 (no GST)
Security DepositNot required for existing SP customers, while non existing SP customers will be required to provide an SD amount as determined by SP.
AMI MeterNot required
Avergage Monthly Bill per
HDB (1 room)$39.62
HDB (2 rooms)$51.85
HDB (3 rooms)$72.51
HDB (4 rooms)$100.09
HDB (5 rooms)$117.29
HDB Executive$142.21
Apartment$148.57
Terrace$224.55
Semi-Detached$307.03
Bungalow$599.14
Union Saver 6 (HDB 3-room)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (HDB 2-room)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
Union Saver 6 (HDB 1-room)
Fixed PricePlan Type
6 MonthsContract Length
48.15 c/kWhElectricity Rate
Terms Overview
One Time Registration FeeNone
Late Payment Fee1% Of The Outstanding Balance
Early TerminationUp to Early Termination Charge = (Fee Payable to the Retailer based on Dwelling Type and Remainder of Contractual Obligation) + Administrative Costs + EBT Account Closure Fee
Security DepositNone
Avergage Monthly Bill per
HDB (1 room)$70.36
HDB (2 rooms)$92.09
HDB (3 rooms)$128.78
HDB (4 rooms)$177.77
HDB (5 rooms)$208.32
HDB Executive$252.58
Apartment$263.88
Terrace$398.83
Semi-Detached$545.31
Bungalow$1,064.12
The OEM (Open Electricity Market) is an initiative by the Energy Market Authority (EMA) to allow consumers more choice and flexibility when purchasing power. The goal was to spark greater competition by inserting companies other than Singapore Power (SP) into the market.
This change occurred on 1 November 2018 and created a variety of payment options for consumers instead of simply paying their monthly, quarterly, or annual bill to SP. With all of these new choices, some consumers are left slightly confused about which is the best for their specific situation.
Compare this new market infrastructure to the Cell Provider industry. There may be only 1 or 2 actual providers of cell and satellite towers that a number of other smaller companies rent out and provide to their own customers like SingTel, M1, Starhub, and Circles.Life. They can offer discounted rates because they are not responsible for the source equipment or grid where the telecommunication signal operates.
You always have the option to remain with SP Power and pay your bill as usual. They are still the national power grid operator, and some prefer to stick with the primary company.
Step 1: Consider what type of plan you wish to pursue. Would a fixed-rate plan, DORT, or non-standard plan be appropriate for you and your household?
Step 2: Decide the duration of your contact. Are you willing to sign a contract for as short as 6 months or as long as 3 years? How long will you be in your current residence?
Step 3: Take a look at the current pricing for the type of plan you wish to purchase. Once you have found a cost-effective solution, contact that retail provider and begin service.
As the market for electrical providers opens in Singapore, consumers are beginning to experience numerous benefits besides just pricing models. Some of these include:
Fixed-rate price plans are the easiest to calculate and budget around because they are purely calculated based on your total electricity consumption and duration of use. There is no consideration for peak or non-peak hours. Everything is related to the simple negotiated price of kWh used.
Short-term contracts from 6-12 months are trending towards the lowest-priced models. This is a tool used by retailers to entice you to purchase their plans. The cost savings are excellent, but be sure to look at the fine print to see if your price model changes after your duration is used up.
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Sembcorp | 23.98 | No Contract Plan | 4.4 | Sign Up |
| PacificLight | 28.60 | Easy Peasy | 4.4 | Sign Up |
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Geneco | 23.98 | Give Us A Try | 4.2 | Sign Up |
| Sembcorp | 27.10 | Fixed Price (6 Months) | 4.4 | Sign Up |
| Sunseap | 32.10 | Fixed Rate Plan | 4 | Sign Up |
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Geneco | 23.98 | Get it Fixed 12 | 4.2 | Sign Up |
| KeppleElectricity | 23.99 | FIXED12 | 4 | Sign Up |
| Senoko | 27.00 | LifePower 12 | 4.5 | Sign Up |
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Geneco | 23.98 | Get it Fixed 12 | 4.2 | Sign Up |
| KeppleElectricity | 23.99 | FIXED12 | 4 | Sign Up |
| Senoko | 27.00 | LifePower 12 | 4.5 | Sign Up |
Discount off regular tarrif price plans offer a fixed discount from the regulated tariff set by the EMA. This could be anywhere from an average of 10-25%, depending on the retail provider.
You end up paying a floating rate based on the tariff’s quarterly valuation. As long as the tariff stays relatively low, you will always experience a cost saving compared to the SP Group price point.
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Senoko | 25.59 | LifeSave12 | 4.5 | Sign Up |
| Tuas Power | 26.30 | PowerDo 12 | 4.5 | Sign Up |
| Retailer Name | Price (per kWh) | Plan Name | Retailer Rating | |
|---|---|---|---|---|
| Tuas Power | 26.30 | PowerDo 24 | 4.5 | Sign Up |
| Senoko | 26.40 | LifeSave24 | 4.5 | Sign Up |
| PacificLight | 27.22 | Stack It Up | 4.4 | Sign Up |
Every home is built differently, and certain factors lead to a “loss” of power being delivered to your location. This is a relatively small amount of electricity but caused a bit of an issue when the OEM first launched.
Retail providers did not know how to deal with this transmission loss factor and did not adjust their billing appropriately. Sometimes the loss was factored into your bill while other retailers would have an extra fee that showed up on bills.
The good news is that this is no longer an issue. Since November of 2018, retail providers have accounted for the loss transmission factor and reevaluated their billing calculation so they can remain competitive in the marketplace. The last thing they want is consumer outrage over a hidden fee.
It is still wise to ask the provider you wish to use about how they calculate the transmission loss factor just in case. You can also find the latest published Transmission Loss Factors from the OEM website below:
| Load | Transmission Loss Factors |
|---|---|
| 230kV / 400kV | 1.0 |
| 66kV | 1.0 |
| 22kV | 1.004336 |
| 6.6kV | 1.016689 |
| 230V | 1.030905 |
Singapore’s power has two forms of electrical billing. It is either calculated based on the meter of usage or loss-adjusted.
Billing according to a meter of usage is far easier to understand. The math is straightforward based on how much you use over a duration of time.
Loss-adjusted billing requires more complicated calculations involving the current TLF and multiplying that into your total consumption rate. In most cases, it makes more financial sense to stick to a pure metered billing calculation.
We recommend sticking to credit cards that specifically say using their cards to pay for your electrical bills is allowed. The following are some of the better companies we have found:
Think of retail providers as essentially wholesale purchasing companies. Instead of having to come up with the expensive costs of operations, building, and delivering electricity to consumers as the regulated tariff takes into account, these retailers can purchase from power generation companies at discounted rates.
These rates are directly correlated to the current demand and supply of the market. The price is elastic based on supply and demand. The greater the supply, the lower the cost and vice versa.
This enables retail providers to then negotiate better wholesale rates by purchasing power in bulk.
This is going to depend on your personal, business, or family circumstance. Take a moment to consider how much energy your household uses before deciding on which plan will work best. If you work from home in a large household, your needs will differ from the younger couple working full time out of the home most of the day.
Take your time to consider your options so you can experience the best savings situation. Visit the website of your retail provider and see if they are offering any discounts, rebates, promotions, or other savings opportunities to lower your final costs. You may also want to ask around your local neighborhood as some municipalities and community programs offer discounts as well.
In general, you will experience price savings from retail providers because of the competition in the market. The more these companies try to get your business, the lower their rate offerings.
Retail providers offer longer contracts because it ensures they have an appropriate cash flow to operate their business into the future. This is why they will bet against energy price hikes. If the entire industry is banking on costs remaining low, then a shock to that market is less likely to occur.
12-month plans tend to be cheaper. The current rate of the electricity tariff as of 5 January 2022 is at 27.22 cents/kWh. A 24-month fixed price would be about a 6% discount off of that tariff. The 12-month plan is offered at a slightly cheaper rate.
It may be a wise decision to stick to the 12-month plan even if you anticipate prices to increase. The only way a 24-month plan would benefit your cost savings would be if prices rose at a steady and high rate which would disrupt the market and most likely cause industry or governmental oversight reactions that would put the prices back at a reasonable level.
