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Open Electricity Market (OEM) - Part 5

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View Poll Results: Did you switch? Who did you sign up for?
Best Electricity 7 1.16%
Diamond Electric 2 0.33%
ES Power Singapore 1 0.17%
Geneco 135 22.43%
iSwitch 26 4.32%
Keppel Electric 39 6.48%
Ohm Energy 167 27.74%
PacificLight 4 0.66%
Sembcorp Power 41 6.81%
Senoko Energy 11 1.83%
Sunseap 16 2.66%
Tuas Power 49 8.14%
Union Power 1 0.17%
No - I'm not switching 103 17.11%
Voters: 602. You may not vote on this poll

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Old 12-08-2019, 03:06 PM   #1
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Open Electricity Market (OEM)

Open Electricity Market (OEM) is now open for registration for whole Singapore

Please read the following Facts
㊀ It is not compulsory for you to switch to a retailer. You can remain with SP Group to buy electricity at the regulated tariff if you prefer to do so.

㊁ Electricity is produced by the power generation companies. SP Group then transmits and distributes it to consumers through the national power grid. Your electricity supply stays the same whether you switch to a retailer or not. This is because SP Group will continue to operate the national power grid and deliver electricity to everyone.

㊂ Read the fine prints before signing up, some retailers charge miscellaneous fees such as retail service fee or paper bill fee. Please DO read very carefully before signing up and read the fine prints!

㊃ The SP current tariff are as below:
** Prices are before GST 7%**
$0.2302/kWh - 2020 Apr - Jun
$0.2424/kWh - 2020 Jan - Mar
$0.2343/kWh - 2019 Oct-Dec
$0.2422/kWh - 2019 Jul-Sep
$0.2279/kWh - 2019 Apr - Jun
$0.2385/kWh - 2019 Jan - Mar
$0.2413/kWh - 2018 Oct-Dec
$0.2365/kWh - 2018 Jul-Sep
$0.2215/kWh - 2018 Apr-Jun

㊄ Before you decide on which retailer, first ask yourself do you want to receive the same SP paper bill even after switching to a retailer? Some retailers has SP integrated paper bill while the rest uses own e-billing. Retailers that use SP integrated billing are Ohm, Tuas Power, Red Dot Power and Best Electricity.

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

Ohm Energy
■ [Fixed] $0.1771/kWh (24mth) | $0.1635/kWh (12mth) | $0.1766/kWh (6mth)
■ [Simply-Ohm] $0.1621/kWh +$10/mth (No contract)
■ [Wholesale] Wholesale USEP + third-party charges (no contract)
■ [Discount] 25.50% off (6|12mth)

Geneco
■ [Peak/Off-peak] $0.145/kWh Off peak (12am-6am) / $0.215/kWh peak (6am-12am) (24mths)
■ [Fixed] $0.166/kwh (24mth) | $0.1666/kwh (36mth)
■ [Discount] 23% off (24mths)
■ [Discount] 20% off (Trial 6mths)
■ [Free Sunday] Mon-Sat $0.21/kwh, Sunday $0/kWh (24mth)
■ [Trial] $0.164/kWh (6mth)
■ [Green] $0.179/kWh carbon-neutral electricity (12mths)
■ [Solar] $0.212/kWh (18mths)

Keppel Electric
■ [Discount] 22% (24mth)
■ [Fixed] $0.168/kwh (24mths) | $0.1749/kwh (12mths) | $0.1671/kWh (36mths)
■ [Peak/Off-peak] (Peak: 7am-11pm; $0.1888/kwh) / (Off-Peak: 11pm-7am; $0.1510KWh (24mths)

Tuas Power
■ [Fixed] $0.167/kWh (36mth|25mths|18 mths)
■ [Discount] 22% (24mth) | 18% (6mth)

Best Electricity
■ [Cash Rebate] (3mths avg usage*$1.07)
■ [Discount] 22% off (24mths) | 21% off (12mths)
■ [Fixed] $0.1865/kWh (24mth) | $0.1915/kWh (12mth) | $0.19626/kWh (6mth)

Sembcorp Power
■ [Fixed] $0.1742/kwh (12mth) | $0.166/kwh (24mth) | $0.164/kWh + $0.33/kWh/day
■ [Discount] 20.5% (12mth) | 22.5% (24mth)
■ [Flat Fee] $79.90/mth @ 450kwh (10% off thereafter) (12 mth)
■ [Flat Fee] $76.90/mth @ 450kwh (10% off thereafter) (24mth)
■ [Flat Fee] $52.90/mth @ 300kWh (10% off thereafter) (12mth)

iSwitch
■ [Discount] 23% (24mth) | 22.8% (12mth)
■ [iPad] Free iPad & 5% Discount (36mths)
■ [Fixed] $0.166/kWh (24mth) | $0.1646/kwh (12mth) | $0.167/kWh (36mth)

PacificLight
■ [Discount] 21% (24mth | 12 mth)
■ [Fixed] $0.1679/kWh (24mth) | $0.1783/kWh (12mth)
■ [Peak/Off-peak] Peak 16%, Off-Peak 26% (12mth | 24mth) *peak 7am - 11pm
off-peak 11pm - 7am
■ [Easy Peasy] $0.1625/kWh + $0.32/day charge (no contract)

Senoko Energy
■ [Discount] 18% (12mth) | 19% (24 mth)
■ [Fixed] $0.1709/kWh (12mth) | $0.1683/kWh (24mth)

Sunseap
■ [Discount] 23% (6mth|12mth|24mth)
■ [Fixed] $0.1685/kWh (6 mth) | $0.1727/kWh (12mth) | $0.1680 (24mth)

Union Power
■ [Discount] 22% (24 mth)
■ [Fixed] $0.1680/kwh (24mth) | $0.1720/kwh (12mth)

Diamond Electric
■ [Discount] 25% (12mth) | 20% (6mth)

Retailers that exited residential market
Sunseap-Starhub
Red Dot Power
Hyflux Energy
ES Power
Sun Electric
--------------
Updated as of: 1 April 2020
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Last edited by Jurong640; 01-04-2020 at 12:17 AM..
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Old 12-08-2019, 03:06 PM   #2
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Old 12-08-2019, 03:06 PM   #3
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This is a continuation thread, the old thread is here
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Old 12-08-2019, 03:06 PM   #4
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How to check my Tuas account no?
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Old 12-08-2019, 03:08 PM   #5
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In page one!!
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Old 12-08-2019, 03:08 PM   #6
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wow still going strong....
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Old 12-08-2019, 03:14 PM   #7
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Welcome to Part 5 of my OEM thread. It had came so far .. 😉

Still the switching rates are low at 34%.
Extech likes this.

Last edited by Jurong640; 12-08-2019 at 03:16 PM..
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Old 12-08-2019, 03:25 PM   #8
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Old 12-08-2019, 03:40 PM   #9
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I am here!
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Old 12-08-2019, 03:53 PM   #10
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Anyone on Senoko Energy? Need a referral for Senoko. Pm me
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Old 12-08-2019, 04:10 PM   #11
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In part 5, we come so farrrrrr
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Old 12-08-2019, 04:16 PM   #12
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Been using Sembcorp for half a year, pretty satisfied!

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Old 12-08-2019, 05:29 PM   #13
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upz for ohm any 1 nid promo pm me
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Old 12-08-2019, 05:40 PM   #14
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Old 12-08-2019, 05:59 PM   #15
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