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Jurong640 20-03-2018 02:36 PM

Open Electricity Market (OEM)
 
Open Electricity Market (OEM) is now open for registration for Jurong to Yishun consumers!

Timeline of rollout:
Apr 2018: Jurong - Postal 60,61,62,63,64
Nov 2018 : Bt Batok, Bt Timah, Woodlands, CCK-Yishun-Sembawang- Postal 58-78
From Jan 2019: Postal codes 53-57, 79-80, 82-83
From Mar 2019: Postal codes 34-52, 81
From May 2019: Postal codes 01-33

Please read the following Facts
#1 Switching to any of the retailer will not cause disruption or blackout. Electricity will still be supplied by SP Group. Only the billing and administration will be by your new retailer.

#2 Your monthly usages encompass (meter readings + Transmission Loss-Factor (TLF)). All OEM receives your meter usage from SP with an additional rate of 1.03493. If your meter reading shows 320kWh, (320*1.03493)=331.18kWh. Your retailer will bill you 331kWh and not 320kWh. It is up to the retailer choice whether to absorb the charges.

Transmission Loss Factor (TLF) rates is absorbed by Ohm, Geneco, Senoko, Tuas Power and Sembcorp. The rest of the retailers charge you based on loss-adjusted usage.

#3 Read the fine prints before signing up, some retailers pass third-party charges to you which is not included in the total discount. Some of the third-party charges are like Market Support Services Charges (MDSC) and the upcoming carbon tax. Please read very carefully before signing up, please read the fine prints!

#4 SP Group is progressively changing everyone old analogue meter to new AMI digital meter for free. The process will take more than a decade. Do look out for a letter from SP for your meter change, it can happen anytime before Year 2027. If you would like the AMI digital meter to be installed as soon as possible, you have to call SP Group to arrange for a change. However, it will cost $40 (billed into your bill). Retailers are not in-charged of installations of the meter.

#5 The SP current tariff are as below:
S$0.2413/kWh - 2018 Oct-Dec
S$0.2365/kWh - 2018 Jul-Sep
S$0.2215/kWh - 2018 Apr-Jun

Price Comparisons between retailers
** Prices are before GST 7%**

Ohm Energy
1) [Fixed Ohm] Fixed $0.1695/kWh (24mth) | $0.1830/kWh (12mth) | $0.1870/kWh (6mth)
2) [Simply Ohm] Fixed $0.1675/kWh +$10/mth (No contract)
3) [Market Ohm] Wholesale USEP + third-party charges (no contract)
4) [Discount Ohm] 20% off (6mth) | 22% off (12mth)
#TLF absorbed, all plans comes with 3 months trial.
^PM me for promo code to receive $20 credits for bill rebate.

Geneco
1) [Good Night] 53% off peak (12am-6am) /5% peak (6am-12am) (24mths) [Nat day promo]
2) [Get It Fixed 12] $0.182/kWh (12mths) | [Get It Fixed 24] $0.1688/kWh (24mths)
3) [Get It Less 12] 19% off (12mths) | [Get It Less 24] 21% off (24mths)
4) [Give Us A Try] 23.8% off (6mths trial)
#TLF absorbed

Keppel Electric
1) DOT: 21% (24mth)
2) Fixed: $0.17/kwh (24mths) | $0.173/kwh (12mths) | $0.176/kwh (6mths)
3) Knight: (Peak: 7am-11pm; $0.1880/kwh) / (Off-Peak: 11pm-7am; $0.1538KWh (24mths)

Tuas Power
1) Fixed @ $0.188/kwh
2) 16% off
3) [Peak Periods (7am-7pm)20.2 cents/kWh] [Off-Peak Periods (7pm-7am)
19.0 cents/KWh]
#TLF absorbed

Best Electricity (Prime)
1) Cash rebate (3mths avg usage*$1.07). Price same as SP Tariff (24mths)
2) 23% off (24mths) | 18% off (12mths)
3) Fixed $0.175/kwh (12mths) | $0.1638/kWh (24mths) | $0.1628/kWh (6 mths)

Sembcorp Power
1) Fixed $0.1785/kwh (12mth) | $0.1725/kwh (24mth)
2) 18.5% discount (12mth) | 21% discount (24mth)
3) Flat Fee 450 (12 mth) - $79.90/mth @ 450kwh (10% off thereafter)
4) Flat Fee 450 (24mth) - $76.90/mth @ 450kwh (10% off thereafter)
5) Flat Fee 300 (12mth) - $52.90/mth @ 300kWh (10% off thereafter)
#TLF absorbed

iSwitch
1) 23% discount (6mth trial) | Fixed $0.173/kWh (6mth trial)
2) 18% discount[100%carbon neutral] (12mth)
3) 20% discount (12mth) | 21.8% discount (24mth)
4) Fixed $0.17/kWh (12mth) | $0.1627/kWh (24mth)

PacificLight
1) 18% discount (24mth)
2) $0.1778/kWh (24mth)
3) peak (7am-11pm) $0.1807/kWh, off-peak (11pm-7am) $0.1667/kwh (24mth)

Senoko Energy
1) 14.5% Discount (12mth) | 17.25% Discount (24 mth)
2) Fixed $0.1799/kWh (12mth) | $0.1724/kWh (24mth)
#TLF absorbed

Sunseap
1) Discount (6mth) [23%]
2) Discount (12mth) [23% 1st 6mth, next 6 mth 16.2%]
3) Discount (24mth) [25% 1st 6mth, next 18 mth 19.1%]
4) Fixed (6 mth) [$0.1685/kWh)
5) Fixed (12 mth) [$0.1685/kWh 1st 6mth, next 6 mth $0.2042/kWh]
6) Fixed (24mth) [$0.1685/kWh 1st 6mth, next 18 mth $$0.1928/kWh]

Union Power


OEMs who absorb TLF:
1) Ohm
2) Geneco
3) Senoko
4) Tuas Power
5) Sembcorp
6) iSwitch

OEMs who don't absorb TLF
1) Keppel Electric
2) Best Electricity
3) Pacific Light

Retailers for next phase
ES Power Singapore
Union Power
SingNet
for full list of retailers, refer to EMA Website

OEM Retailers that exited residential market
Hyflux Energy
Sunseap-Starhub
Diamond Electric
Red Dot Power
Sun Electric
---------------
Updated as of: 1 Nov 2018

wldbs4fkdgo 20-03-2018 02:39 PM

me also stay in jurong, have been wanting to switch over for the longest time as my friend's company already switched. households only can switch starting apr for jurong.

im going to sign with sunseap.

Jurong640 20-03-2018 02:59 PM

Quote:

Originally Posted by wldbs4fkdgo (Post 113371852)
me also stay in jurong, have been wanting to switch over for the longest time as my friend's company already switched. households only can switch starting apr for jurong.

im going to sign with sunseap.

I also considered sunseap too as it got 20% discount throughout the day. But I also found one cheaper option by Geneco.

During Off-peak (12am-6am) there is 50% discount which makes out $0.10/kwh. I think its a really good deal considering many people on their aircon throughout the night.During peak hours, (6am to 12am) you also get 10%. Around $0.19/kwh. I think overall it will considerably cheaper. They also provide AIM smart meter for free, other retailers do not offer it for free,

Still find this option might be good as compared to fixed percentage.

CPL_Raju 20-03-2018 03:01 PM

Quote:

Originally Posted by Jurong640 (Post 113372109)
I also considered sunseap too as it got 20% discount throughout the day. But I also found one cheaper option by Geneco.

During Off-peak (12am-6am) there is 50% discount which makes out $0.10/kwh. I think its a really good deal considering many people on their aircon throughout the night.During peak hours, (6am to 12am) you also get 10%. Around $0.19/kwh. I think overall it will considerably cheaper. They also provide AIM smart meter for free, other retailers do not offer it for free,

Still find this option might be good as compared to fixed percentage.

This is a very GOOD deal for working young couples.. Daytime nobody at home.. only will be back at night.. 50% savings for off peak is damn attractive..

Sofa_King 20-03-2018 03:02 PM

Which one to choose:
- fixed price
- % discount
- peak/off peak

:s11:

Jurong640 20-03-2018 03:06 PM

Quote:

Originally Posted by CPL_Raju (Post 113372139)
This is a very GOOD deal for working young couples.. Daytime nobody at home.. only will be back at night.. 50% savings for off peak is damn attractive..

yeah. If that's the case, use all electricity-hungry appliances after 12 am, example, water heater (hot bathing), Air-con, hair dryer. Everything just do after 12. haha. Just now I did a call to them, indeed it's 50% off during off-peak. Some more free change meter, absorbed by them, we can check half-hour electricity consumption on the internet, so can control your usage.

Just now morning, i saw Best Electricity by Prime Group (the one with Prime taxis), giving out flyers. They offer fixed $0.16/kwh and 20% off or CASH REBATE based on your last 3 months usage

wldbs4fkdgo 20-03-2018 03:06 PM

Quote:

Originally Posted by Jurong640 (Post 113372109)
I also considered sunseap too as it got 20% discount throughout the day. But I also found one cheaper option by Geneco.

During Off-peak (12am-6am) there is 50% discount which makes out $0.10/kwh. I think its a really good deal considering many people on their aircon throughout the night.During peak hours, (6am to 12am) you also get 10%. Around $0.19/kwh. I think overall it will considerably cheaper. They also provide AIM smart meter for free, other retailers do not offer it for free,

Still find this option might be good as compared to fixed percentage.

12am to 6am only 6 hours 50% discount

Peak period: 6am to 12 am (18 hours) 10% discount.

somemore majority of consumption is during peak period of 18 hours. sunseap is offering 20% across 24 hours so i think i will go with them first.

end up u calculate everything, actually 20% is more attractive spread across the hours.

20% is about 17 cents across 24 hours

Jurong640 20-03-2018 03:08 PM

Quote:

Originally Posted by Sofa_King (Post 113372153)
Which one to choose:
- fixed price
- % discount
- peak/off peak

:s11:

yeah, also very headache. Hugely depends on your usage. What i think is, the fixed price might not be good, as SP Quarterly reviews its pricing, and who knows it might drop price and those on (%disount) is even cheaper?

darknite84 20-03-2018 03:08 PM

Keppel fixed at 16.5 looks good too

tngzh 20-03-2018 03:10 PM

Can buy electric ity from mothetland liao

Jurong640 20-03-2018 03:11 PM

Quote:

Originally Posted by wldbs4fkdgo (Post 113372219)
12am to 6am only 6 hours 50% discount

Peak period: 6am to 12 am (18 hours) 10% discount.

somemore majority of consumption is during peak period of 18 hours. sunseap is offering 20% across 24 hours so i think i will go with them first.

end up u calculate everything, actually 20% is more attractive spread across the hours.

20% is about 17 cents across 24 hours

Understand. That's why so many plans, headache liao. One is good, the other one is better in another case. Most of the time, my aircon starts 9pm onwards to morning 7am.

Some other retailers also offering off-peak discount after 11pm.

Vulpix 20-03-2018 03:19 PM

Wah how did I miss Sunseap's offer siah, it looks super attractive.

Jurong640 20-03-2018 03:20 PM

Quote:

Originally Posted by Vulpix (Post 113372385)
Wah how did I miss Sunseap's offer siah, it looks super attractive.

Oh, What offer. I thought the promotion is ongoing? 20% off.

sciprof 20-03-2018 03:21 PM

Which one is the cheapest on avg over 24hrs?

SOS9112001 20-03-2018 03:27 PM

Quote:

Originally Posted by Jurong640 (Post 113371812)
Now there are 14 retailers offering cheaper electricity to consumers like us.

They all offer different plans, just did a check, lots of it. All of them are cheaper than what SP group is offering.

What's your view on it?

Just pick the cheapest and with the longest contract period.


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