Currently, business consumers with an average monthly electricity consumption of at least 2,000 kWh (equivalent to a monthly electricity bill of at least $400) are eligible to become contestable. To date, around 95,000 business accounts, making up about 80% of the total electricity demand, are eligible to exercise this choice and flexibility in their electricity purchases.

Nationwide Rollout of Open Electricity Market

Starting 1 November 2018, Open Electricity Market will be extended to all consumers across Singapore by zones. Over 1.4 million households and business accounts will have the option of buying electricity from a retailer on a price plan that best meets their needs. Open Electricity Market will give consumers more choice and flexibility, while enjoying the same supply through the national power grid.

Consumers can also choose to remain with SP Group and buy electricity at the regulated tariff, and no further action is needed on their part. It is not compulsory to switch to a retailer, and there is no deadline for switching.

The nationwide launch of Open Electricity Market will be rolled out progressively in four geographical zones.

Zone

Postal Codes Starting With…

To be launched from*

1

58 – 78

1 November 2018

2

53 – 57, 79 – 80, 82 – 83

1 January 2019

3

34 – 52, 81

1 March 2019

4

01 – 33

1 May 2019

* Subject to changes. Visit www.openelectricitymarket.sg for the latest schedule. Consumers with postal codes starting with 60-64 were able to buy from a retailer since 1 April 2018.

Soft Launch of Open Electricity Market in Jurong

Since 1 April 2018, EMA commenced the soft launch of Open Electricity Market, where households and businesses in Jurong can choose to buy electricity from a retailer with a price plan that best meets their needs. A total of 108,000 residential accounts and 9,500 business accounts are able to exercise this choice.

If your business or residential premises have postal codes starting with 60, 61, 62, 63 or 64, you get to choose who to buy electricity from.

What You Need To Know About Open Electricity Market

1. With the Open Electricity Market, you can switch to a retailer at a price plan that best meets your needs.

2. It is not compulsory for you to switch to a retailer. You can continue to buy electricity from SP Group at the regulated tariff as you do today and switch to a retailer at any time in the future. There is no deadline for switching to a retailer.

3. Buying electricity from a retailer does not affect the reliability of your electricity supply. This is because SP Group will continue to operate the national power grid and deliver electricity to everyone.

4. If you are eligible for U-Save rebates, you will still be able to use them to offset your electricity bill after switching to a retailer.

5. Check out the participating retailers here. You can compare their standard price plans using our Price Comparison Tool. If you choose to switch to a retailer, the retailer that you sign up with will work with SP Group to make the switch for you.

Back to Top