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Excellent! ROSHI has found 280 plans that suit your criteria.

Sunshine Plan (HDB 5-room)

4.4Good to Excellent

Green PlanPlan Type

12 MonthsContract Length

28.1 c/kWhElectricity Rate

  • Bill rebates & promotions via UOB, Standard Chartered, OCBC, POSB, AMEX and more
  • Multiple payment options available - AXS, Giro, Credit Cards
Avg. Monthly Bill
$121.48
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$398.83
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$545.31
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$252.58
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$208.32
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$177.77
SIGN UP NOW

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)

4.5Good to Excellent

Fixed PricePlan Type

24 MonthsContract Length

27.11 c/kWhElectricity Rate

  • Enjoy 1% cashback on your power bills if you have a POSB Everyday card
  • Hassle-free switch over - no extra charges
Avg. Monthly Bill
$224.55
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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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$128.78
SIGN UP NOW

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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$92.09
SIGN UP NOW

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)

3.8Good to Excellent

Fixed PricePlan Type

6 MonthsContract Length

48.15 c/kWhElectricity Rate

  • Union Power will absorb carbon tax charge and transmission loss factor
  • Waiver of deposit
Avg. Monthly Bill
$70.36
SIGN UP NOW

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

  • Electricity Plans Basics

  • FAQs

What is the Open Electricity Market (OEM)?

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.

Steps to Find an Electricity Provider

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.

Benefits of the Open Electricity Market

As the market for electrical providers opens in Singapore, consumers are beginning to experience numerous benefits besides just pricing models. Some of these include:

More Choices for Electricity Plans
Instead of sticking to the current quarterly tariff rate provided by SP, individual retail providers are able to offer different electricity plans. As a result, the more choice Singaporeans have for where they will purchase their electrical power, the greater the opportunity for cost savings. Instead of sticking to a “one size fits all” plan, consumers can select the plan that works for their household and potentially experience increased savings.
Competition Leads to Innovation and Better Prices
Like any other open market, the greater the competition, the better the savings to consumers. Retail providers are all selling the same base product. That means the only way they can compete is to lower prices, offer extra value, or provide higher quality service. All of these situations benefit the consumer.Retailers use promotions like free months of service, cashback rewards, and other savings to entice more customers into contracts.

Greater Awareness of Energy Consumption
Singapore is a leading global community on the edge of innovation. A key element for our future growth is a higher awareness of our actions using data-driven insights. The introduction of retailers into the market makes all consumers more aware of the times and amount of electrical services being used in their households.This collective social awareness about how we are utilizing a key service will help our community save resources, money, and work together to improve our communities by rethinking the more efficient use of our electrical services.

Cheapest Electricity Retailers (Fixed Plans)

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.

No Contract Plans

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

6-Month Plans

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

12-Month Plans

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

24-Month Plans

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

Cheapest Electricity Retailers (Discount Off Plans)

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.

12-Month Plans

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

24-Month Plans

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

What is Transmission Loss Factor?

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.

Best Cashback Credit Cards for Paying Your Electricity Bills

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:

Credit Card Name Cashback on Utility Bills Minimum Spend per Month
UOB One Card 3.3% $500 Apply Now
OCBC 365 Credit Card 3% $800 Apply Now
POSB Everday Card 3% $800 Apply Now

What Types of Electricity Price Plans are Available in Singapore?

Fixed Price Plan involves signing a contract with the retail electricity provider for a predetermined monetary rate based on the amount of power used at your location. This tends to be the most competitive price plan because different providers try to offer the lowest possible fixed arrangement in order to attract more customers.
Discount Off Regulated Tariff this plan is revised every quarter and is based on a discount from the prevailing regulated tariff price. The common belief is that as long as the current tariff rate is low, you will experience significant savings in the short and long term. However, if the tariff rises, you may end up paying more than you anticipated.
Non-Standard Plan is an excellent option for people that work away from home or frequently travel. Peak hours tend to be the hottest part of the day when the population is running air conditioners or other electrical equipment. Essentially the retailer will charge higher prices during peak use of their lines and lower prices during off-peak or less usage of their lines.

Why Are Retailers Able to Charge Lower than SP Group?

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.

Which Energy provider Should I Choose?

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.

Should I Take a 24-Month Plan?

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.