10 Best Electricity Plans In Singapore To Power Your Home [2022] 

Singaporean citizens have many options regarding their electric suppliers. Their Open Electricity Market makes it easier for the customers to choose the best plans for their homes as well as businesses. As you have many options to choose from we would like to make your life easier by listing the best energy suppliers in your area.

We’ve selected our best 3 picks depending on plenty of reasons such as how reliable they are, affordability and even if they’re eco-friendly.

Keppel		Extremely reliable Highly affordable Plenty of discounts Great for night owls Prices start from 17.54 cents per kWh	Visit site
Sunseap		Eco-friendly Over 20% energy comes from sustainable Variety of plans to choose from Innovative	Visit site
Electrify		Custom plans available One-stop for all needs Access to many retailers	Visit site

But before you begin, here’s a quick guide to help you out!

• How to choose the best service

While choosing the best service, you should take under consideration energy consumption habits whether you consume more energy during the day or at night. This way you can choose plans that best suit your habits and at the same time save money while doing it. You can also opt for eco-friendly plans as there are more companies that provide renewable energy at affordable prices.

• Types of Services

There are many different types of services available on the market. You can choose from contract plans or non-contract plans, each have their own benefit like in contract plans you have to pay the same amount throughout the contract period and need not worry about the ups and downs of the price in the market. The companies even provide discounted plans where you can save some money or choose renewable energy plans where you can save the planet. 

• When should you change your service again? 

If your previous plan was a non-contract one then you can change it anytime you wish but if it is a contract plan then you have to wait for the term to end before you can change your plan or service. You can also change to a different energy supplier if the older one doesn’t provide a plan for your new lifestyle. It’s always a good idea to check all the potential companies before buying a new plan as their offers are always changing. 

1. Keppel – Most Reliable

Highlights

• Lowest price is 17.54 cents per kWh
• Discounts up to 20% market price
• The Knight plan has best off-peak price

Keppel is one of the oldest electricity suppliers in Singapore with experience of 21 years. Their electricity services fulfil every need which is why you’ll find a plan that is best suited for you. They have provided their service to many different customers including big companies as well as households. You can choose from the three options that they provide Dot, Fixed and Knight.

The Dot plan is perfect for small households as it provides discounts and estimated fact sheets so that you have an idea of how much you have to play at the end of term. You can get 19% off or 20% off according to the plan you choose. They even have a plan for people who can moderate their own electricity usage with their fixed plans, here no matter how little or high your electricity consumption is you just have to play 20.40¢ per kWh.

If you are a night owl and usually work after the sun sets, then the next plan is perfect for you. The Knight plan reduces their prices during the peak-off hours that are 17.54 cents per kWh instead of 22.80 cents per kWh. It’s a great deal if you wish to save some money and this plan benefits your lifestyle. 

2. Sunseap – Innovative and Eco-friendly

Highlights:

• Eco-friendly
• Diverse business plans
• 20% of their power consumption is sustainable

Sunseap is an eco-friendly energy provider in Singapore. It is their passion as well as vision is to provide affordable renewable solar energy for everyone. They also provide decarbonising solutions in an easy yet effective manner and have also made a significant investment in the green energy sector. 

 Even though they have good plans for residential it is obvious they cater more towards business. They even have services called the Solar Leasing Roof Rental Scheme where they set up solar panels in the roof of the building and pay rent for letting Sunseap use your roof, the building owners even have an option of buying the generated energy. 

Sunseap provides their customers with three plans to choose from, their GoEco plan, EcoFix plan and EcoSave plan. The GoEco plan is perfect for customers who want to shift to a sustainable energy plan as 20% of their total power consumption will be from solar energy. Their EcoSave ensure that you save a certain percentage of discount in the ever-changing SP rates or opt for their EcoFix plans which will help their customer predict and plan their energy usage.

3. Electrify – Best Custom Electricity Plans

Highlights:

• One stop for all your needs
• Customised search for preferred plans
• Have access to many popular retailers specially eco-friendly companies

Electrify is a marketplace for retail electricity and provides the smartest way to choose an electricity plan for their customers. The plans are creating by an AI according to your preferences and energy consumptions. Here the customers get to choose from a wide variety of plans like cost-effective, eco-friendly, bundle deals and even zero carbon plans.

Electrify helps their customers to choose the perfect plan for them with the help of their Fibonacci™. It is an electricity pricing engine that scans through all the different plans that might be of interest to you. This way you get the bests pricing and save a lot of money in the long run. They are also the best place to learn and understand more about the electricity retails near you as they provide authentic information.

Electrify has many retail companies to choose from namely GreenCity, iswitch, Senoco, Geneco, Diamond Electric and many more. They also provide Re-contract services where they help you find the best electricity plans and provide up to 5 options. You can also get perks and discounts if you are their loyal customer.

4. Tuas Power

Highlights:

• Sustainable and cost-effective
• Save up to 23% from Regulated Tariff Rates
• Only pay 18.39 cent per kWh for fixed plans

Taus Power started its official business in 1995 and has today become one of the most popular electricity providers in Singapore. They provide energy solutions that are affordable and eco-friendly. With their help, you can better manage fluctuating electricity prices. Taus Powers was also the first to launch a non-polluting and energy-efficient program for their customers.

Taus Power mainly focused on providing electricity for the businesses in Singapore. They have two plans PowerDO and PowerFIX plans. The PowerDo ensures that the customers save money and always have a certain percentage off in the current regulated tariff rates. The time frame for their plan ranges from 6 months to 24 months. Each plan has a different percentage of Regulated Traff Rates, for 6 months you enjoy 18%. You can also opt for their care option where you can enjoy 23% off. 

The PowerFIX is a plan that guarantees price certainty with fixed electricity rates. You can enjoy the same rate for your contract period. They have plans ranging from 6 months to 36 months. The fixed-rate is 20.49 cents per kWh. The PowerFIX also has a care option for 6 months where the prices are even lower that is 18.39 cents per kWh.

5. Sembcorp

• Sustainable energy
• Generates 3,300 MW of renewable energy
• Affordable No-contract plans

Highlights:

Sembcorp is a leading energy provider in Singapore; they generate energy through many different sources and most of them are sustainable. Their vision is to provide innovative solutions and slowly transaction towards more renewable energy. Sustainable energy includes solar, wind and energy storage and generates 3,300 MW of renewable energy worldwide.

In Singapore, Sembcorp provides solar energy and with time gained its popularity making them the leading solar energy provider. They recently completed their 60 MWp Tengeh Floating Solar Farm ensuring more energy generation. When it comes to the different types of plans, they offer Fixed Plans, Sunshine Plans, Discount Off Tariff Plans, No Contract Plans. 

Their price ranges from 18.5 cents to 23.70 cents per kWh. You only have to pay 22.99 cents for their 12 month Sunshine Plan which is a lot affordable than other sustainable plans. You can also choose their Fixed Price plan at 20.48 cents per kWh, or their Discount Off Tariff Plan at 23.70 cents per kWh for 12 months.

6. OHM

Highlights:

• Carbon neutral energy supplier
• Hassle-free shifting
• Affordable price of $10.70 per month

The OHM is partners with the SP, so you get fuss-free shifting along with the same billing you were previously receiving. Their services and plans focus on the residential area that is why you can get it customised. OHM has many plans and some are as affordable as $10.70 per month. All of their plans are easy to purchase and if you are not happy with the result they have easy cancellation for their customers. Additionally, they are carbon neutral so they do not harm the environment while providing energy for you.

You can choose from the four plans that they provide, each catering towards different needs. If you don’t like contracts then they provide two plans that need no contract, their Simply OHM and Market OHM plans. In Simply Plan you only have to pay 18.80 cents per kWh along with a small monthly fee or you can choose the Market Plan where you can pay the wholesale price. These two have no commitment period so you can change or cancel these plans anytime without a penalty to pay. 

If the above-mentioned plans are not your thing and you prefer security then the contracts plans might be for you. The Fixed OHM has contract times of 6, 12 and 24 months and within this time period, you only have to pay 21.51 cents per kWh even if there is a drastic increase in the electricity market.

7. PacificLights

Highlights:

• Awarded by IMDA with Data Protection Trustmark
• Safe and Affordable plans
• Save up to 35% off on Save While Sleeping Plan

PacificLights was the first Singaporean electricity retailer that received the award of Data Protection Trustmark by the IMDA, this award acknowledges the companies data protection services. They are the safest and affordable retailer one can choose, they also provide plans for many different types of households. With 7 plans to choose from we are sure that you will find the perfect plan for you.

 Their Easy Peasy is one of the most popular plans where you only have to pay 18.39 cents per kWh with no contracts; you get a very good price with no commitment. The company also provides a deal called Confirm Save where you can get 23% off. They even have a plan called Save While Sleeping where you get 35% off, save more from 11 pm to 7 am. If you are willing to commit for a very long time then their Super Saver option is the best one for you, it’s a 36-month contract plan where you only have to pay 19.68 cents per kWh. 

PacificLights also has their eco-friendly option where they use solar energy to lighten up households. You only need to pay 20.49 cents per kWh for a year. You get the same pricing for their Savy Saver which is 20.49 cents per kWh which is how you know that their eco-friendly option is affordable. 

8. Senoko Energy

Highlights:

• Experienced and Trusted
• Save money with 22% off SP Tariff
• LifeSmart24 plan provides free Advanced Meter

Senoko Energy is one of the oldest energy retailers in Singapore that have been providing energy for more than 40 years. With many years of experience and innovative ideas, they have become a household name. You can save money as you switch as Senoko provides 22% off of SP Traff. They also provide monthly free e-vouchers to their trusted customers.

The LIfePower is their fixed plan where you only have to pay 20.49 cents per kWh for 12 and 24-month plans. With the 12 month plan, you can get a $10 bill rebate or if you choose the 24-month option you can get up to a $90 bill rebate. They even give their customers an option to apply promo codes for renewal as well as new plans. Their LifeSave plan offers a 22% discount, in the long run with this plan you can save a lot.

Senoko’s new and advanced LifeSmart24 plan provides their customer with free Advanced Meter to measure your electricity consumptions every 30 minutes. In this plan, you only pay 20.88 cents per kWh for 24 months while monitoring your consumption. 

9. Geneco

Highlights:

• Trusted International parent company
• Sustainable energy source
• Experience of 50 years

Geneco belongs to a global network of energy called the YTL Power International. They have been providing energy for 50 years and want to take the initiative of doing the right thing and saving the world. Here they only use sustainable solar energy and promote the installation of solar panels by providing discounts if you choose to do so.

Their Give Us A Try plan gives their customers big discount rates for 6 months, you only have to pay 19.08 cents per kWh or if you like their vision and want to commit long term then they provide a 12 and 24 months plan. The Get It Fixed 24/12 with an add-on of Power Eco, and if you use the promo code you get up to $56 off the bill.   

As mentioned earlier they promote the installation of solar panels, Geneco provides hassle-free installations and you can save yearly up to $ 4,600. The amount you save depends on the number of solar panels that are installed in your roof for example 10 solar panels will ensure $900 of savings, 20 panels will ensure $ 1,800, and 50 solar panels ensure $4,600 with savings. These are small steps to sustainable energy consumptions but they will benefit the environment and help build a better future for the next generations.

10. GreenCity

Highlights:

• Eco-friendly energy for businesses
• Save money every month
• Provides customisable plans

GreenCity is a sustainable energy retailer focusing mainly on providing energy to the business of Singapore. Around 30 thousand businesses have shifted from SP to GreenCity as they provide a customizable and helpful plan, while shifting from SP they ensure that there is no power cut and there is a seamless transaction. 

They provide plans like GreenSaver and GreenLIte. In the GreenSaver you can enjoy a discount off tariff and save, they guarantee that you will be able to save a certain amount of money every month. Or you can choose their GreenLite where you get a fixed rate throughout your contract. This plan helps the customers to organize and map out their bills. 

You can even opt for their customizable plan where you can request a plan that would be suitable for your business’s energy consumption. GreenCity is also planning to increase its services for residential houses.

That brings us to the end of our top picks for best electricity plans. Choosing one out of many such electricity plans can be tough, but we’ve curated some of the best ones out there.

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• Best Electricity Retailers in Singapore