Comprehensive Comparison of Singapore's Electricity Providers: Find the Best Plan for Your Needs

Choosing the right electricity provider in Singapore can be a daunting task, especially when faced with a multitude of options, varying tariffs, and a myriad of hidden fees, promotions, and additional terms. At Sunollo, we understand how overwhelming this process can be. That’s why we've created Singapore’s first comprehensive and up-to-date electricity tariff comparison chart, where you can easily compare all available plans from the various electricity providers.

Even if you're harnessing solar energy, choosing the right electricity provider is still crucial. Solar energy systems often generate most of their power during daylight hours, but you'll still need an electricity provider to supply power during the night or on cloudy days. Additionally, having a reliable provider ensures that you can sell any excess electricity generated by your solar panels back to the grid. With this in mind, selecting an electricity provider that aligns with your energy needs, offers competitive rates, and supports renewable energy options becomes an essential part of your solar energy journey.

This table provides detailed information on each plan, including the latest rates, contract lengths, early termination fees, and any ongoing promotions or rewards. We've also taken into account renewable energy options, additional fees, and customer benefits to ensure you have a complete picture before making your decision.

These figures were last updated on 03/09/2024. Please note that terms and conditions may apply, and rates, promotions, and benefits can change frequently. For the most current figures, please refer to the Open Electricity Market and the respective electricity providers' websites for the latest news, promotions, and customer benefits. For any questions or assistance regarding your electricity supplier on your solar energy journey, feel free to contact Sunollo.

Singapore Electricity Tariff Comparison Chart

FAQs

Q: What are industrial electricity tariffs in Singapore based on?

A: Industrial electricity tariffs in Singapore are typically based on a tiered structure, meaning the cost per kilowatt-hour (kWh) increases as consumption rises.

Q: What factors influence industrial electricity prices?

A: Several factors influence industrial electricity prices, including:

• Fuel Costs
• Demand and Supply
• Government Policies
• Infrastructure Costs

Q: How can I compare electricity prices and find the best deal for my business?

A: When comparing electricity prices, consider:

• Tiered Structure
• Contract Terms
• Renewable Energy Options
• Customer Service

Q: What is an electricity bill calculator and how can it help me?

A: An electricity bill calculator is an online tool that can help you estimate your potential savings by comparing different plans and providers. Simply input your estimated consumption and other relevant details to get a personalized estimate.

Q: What is the Open Electricity Market in Singapore?

A: The Open Electricity Market allows businesses in Singapore to choose their electricity provider, potentially leading to more competitive pricing and innovative offerings.

Q: Where can I find more information about electricity tariffs and providers in Singapore?

A: Key resources include:

• Energy Market Authority (EMA)
• Open Electricity Market
• Industry Associations

Footnotes:      

1. SP Group: The electricity tariff varies and is based on  the prevailing regulated tariff. SP Group does not have a specific plan but  provides the regulated tariff rate as the default.      

2. Keppel Electric: Early Termination Charge (ETC) formula:  A x B x 30%.              

Footnote explanation: A = Number of months left on the contract, B = Monthly average electricity bill amount.                

3. Tuas Power Supply: A contract with automatic renewal may be automatically  renewed upon the expiry of the contract. For such contract:    

· The electricity retailer is required to inform you at least 10 business days before the existing contract expiry date, and you have the right not to proceed with the automatic renewal;    

· The electricity retailer must ensure that the electricity rate is better than the prevailing regulated tariff at the point of  contract renewal

· After the contract has been automatically renewed, you have the right to, within the first 30 calendar days from the start of the renewed contract term, terminate the renewed contract by giving the electricity retailer at least 30 calendar days’ notice without you being subject to any early termination charges or other applicable fees.