10 Best Electricity Retailers in Singapore [2022] 

Around 95% of electricity is generated using natural gas & renewable energy in Singapore. There are so many companies that are producing electricity with the help of bio-methane, coal, oil, municipal waste & solar energy. In 2019, Open Electricity Market (OEM) came into the market, meaning that every consumer can choose their electricity retailers in Singapore. Previously there was only one electricity retailer in Singapore i.e SP Group. There are around 13 electricity retailers in the race of providing the most efficient & cost-effective electricity plans.

New to Singapore and confused about which retailer is good? So, here are the lists of the best electricity retailers in Singapore…

1. Diamond Energy Merchants

Established in 2006 by Dallon Kay, Diamond Energy Merchants is the best electricity retailer in Singapore. Diamond Electric is certified by Energy Market Authority (EMA) & the only retailer who got a 5-star rating in a customer survey conducted by EMA. Diamond Electric offers electricity at very affordable prices to all people in Singapore. Offering the best tariff plans available for Residential and Business. On signing up for a residential plan, you will get free emergency home assistance services.

Highlights:

• On signing up for a Residential plan, get personal accident insurance with $20,000 coverage.
• Allianz, Maybank, Connect With Us & Ariston are some of the partners of Diamond Energy Merchants.
• Plumbing Services, Electrical Services, Locksmith Services & Pest Control Services are available 24/7 under EHA (Emergy Home Assistance) Services.

2. Best Electricity

Founded in 2015, Best Electricity is one of the famous electricity retailers in Singapore. Best Electricity offers electricity at very minimal pricing which can save you a lot of money. They are powering a wide range of customers from small to large scale housing & corporate buildings. Best Electricity is certified under the award-winning company in the energy industry i.e Prime Group. Town Councils, Banks, and businesses in F&B, Retail, Logistics, Manufacturing, Wholesale, and Finance are some of the areas of their clients.

Highlights:

• Avail 22% off on signing up for the Best Home Saver and 17% off on signing up for the Best Home Saver Upfront plan
• Get competitive pricing and 24/7 customer support
• Get $80 off on signing up with UOB Cards for home electricity plans.

3. Geneco

Founded in 1971, Geneco offering the best recycling and renewable energy across Singapore for over 49 years. Offering sustainable energy to customers by converting waste to Bio-methane to generate power supply. There are some projects of Geneco based upon Bio-methane such as Gas Powered Bus (Run 300km on a single tank of biogas) & Bio Beetle (Its annual fuel can be made from the waste of just 70 homes). Like this Geneco is powering energy to thousands of homes with very little cost.

Highlights:

• Electricity plans are available in five options i.e Get It Fixed 24 (costs 17.66 cents/kWh), Get It Green (costs 17.45 cents/kWh), Give Us A Try (costs 16.72 cents/kWh), Get It Fixed 36 (costs 18.89 cents/kWh) & Get Sunny (costs 20.88 cents/kWh)
• Green Nudge, Refash, Food Bank, Comcorp & Repair Kopitiam are some of the famous clients.
• Since 2010, the winner of Superbrands

4. iSwitch Energy

Get control of your home electricity on your mobile with iSwitch Energy. Now you can manage the cost of your electricity with cost-effective pricing plans. Offering the power supply from the government-owned electricity supply company SP Group. iSwitch offers a wide range of electricity plans such as Fixed, Discount of Tariff (DOT) & Bespoke which are fully flexible. Where so many companies ask for too many deposits, iSwitch requires only a 1-month deposit with paperless billing options.

Highlights:

• Get $80 off on the electricity bill for purchasing new commercial plans.
• Get a $50 off bill rebate on referring to your friends & family.
• Over 1,45,000 tonnes of CO2 saved by customers with the help of iSwitch Energy.

5. Keppel Electric

With over 21 years of experience in the energy industry, Keppel Electricity providing the most reliable & cost-effective electricity. Served a wide range of customers including government bodies, residential households, MNCs & other enterprises. Offering flexible electricity pricing plans with options available i.e DOT (Discount-Off-Tariff), Fixed Plan, and Knight Plan at competitive prices.

Highlights:

• Now working from home will be cheaper with 17.45 cents/kWh by Keppel Electric plans.
• Get up to $170 bill rebate on doing payment with UOB Cards.
• Get the instant $40 bill rebate through referrals

6. Ohm Energy

If you want the same power but a reduction in cost then Ohm Energy is there for you. Ohm Energy has partnered with SP (Singapore Power) Group, a government-owned electricity company to provide efficient energy services with less billing price. Offering the most efficient fuss-free energy plans to the customers in Singapore Ohm Energy also working under an initiative i.e Climate Neutral Now to reduce the carbon footprint.

Highlights:

• Get 22% off on SP Tariff plans on purchasing Ohm electricity plan of 6/12 months.
• Get around $48 discount on paying electricity bills with UOB Cards
• Pricing plans are available in three options i.e Fixed Ohm, Simply Ohm, Market Ohm & Ohm Discount.

7. PacificLight

Founded in 2013, PacificLight is leading the energy generation & retailing industry in Singapore. Owned by PETRONAS International Power Corporation & PM Power Holdings (Singapore) with a capacity to power 1,000,000 households. PacificLight is having the most advanced power plans in Singapore with 24 hours/day operation. Offering a wide range of electricity plans for both businesses & houses such as Budget Planner, Value Saver, Energy Saver, Energy Optimizer, Stack It Up & more. PacificLight also specializes in providing smarter energy services such as DEMAND AGGREGATED SCHEME, TENANT MANAGEMENT & METER READING SERVICES that can minimize your electricity cost.

Highlights:

• PacificLight was the top finalist of S & P Global Platts Global Energy Awards 2020
• BizSAFE Star certified by Workplace Health and Safety Council
• Won the Singapore Environmental Achievement Award (SEAA) 2018 for manufacturing
• Get the $20 off on Kaodim home services on purchasing any house electricity plans from PacificLight.

8. Sembcorp Power

Sembcorp Power saves your money with the lowest electricity cost in Singapore. Founded in 1995, Sembcorp is the world’s largest energy & chemical industry which leverages technology to provide you with the best energy solutions. Offering the best renewable & thermal energy portfolio with 12,600MW and 2,800MW. There are 1,500 sites of Sembcorp with over 245 MWp solar projects so far.

Highlights:

• Get around 80% off in electricity bills by signing up with Citi Credit Card.
• Get 2 months free internet with fibre broadband by subscribing to Sembcorp Plans.
• Refer & earn $30 rebate on electricity bills

9. Senoko Energy Supply

Founded in 1977, Senoko Energy offers the most efficient & safest electricity in Singapore. It is now owned in association with The Kansai Electric Power Co. Inc., Kyushu Electric Power Co. Inc., Japan Bank for International Cooperation, and Marubeni Corporation. Their electricity plans are basically divide into 5 categories such as LifePower12, LifePower24, LifeSave24, LifeSave12 & LifeSmart24.

Highlights:

• Get the $60 discount on purchasing any 24-month plan.
• Get $3 cashback every month on purchasing with OCBC 365 Card
• Senoko Energy Supply (SES), Senoko Services Pte Ltd (SSPL) & Senoko Gas Supply Pte Ltd (SGS) are the subsidiaries of Senoko Energy Supply

10. Sunseap

Largest solar energy provider in Singapore, Sunseap specializes in EPC, O&M Solar PV Solutions, Solar PPA, Demand-side Management & Offsite Clean Energy Supply. Banpu, Weng Group, Envision, ISO Team & Cenergi are some of the premium partners of Sunseap. Sunseap offers the most affordable electricity services and with that, you can maximize savings. Their customers are mainly from Singapore and South East Asia & Pacific region and did projects close to 2 GigaWatt-peak (GWp).

Highlights:

• Won awards such as Emerging Enterprise Award 2014, CMO Asia 2019, Singapore Prestige Brand Award 2019, Asia’s Green Future Leaders Awards 2019 & more.
• Secured around $43 million green loans from United Overseas Bank (UOB) for solar photovoltaic (PV) systems installation.
• For Solar Energy Solutions Sunseap signed off MOU with Jiangsu Linyang in 2017.

Electricity is the priority of every small and big place. Due to OEM (Open Electricity Market) in Singapore, people can choose their electricity retailer by just sitting at home. Nowadays people are using natural and renewable sources to generate really good electricity. With the above list, you can choose your favourite electricity retailer, reduce your electricity bills, and save your money!