Liberalisation of Retail Electricity Market

Since 2001, EMA has progressively opened the retail electricity market to competition to allow business consumers more options to manage their energy cost. Instead of buying from SP Group at the regulated tariff, consumers can choose to buy from a retailer at a price plan that best meet their needs, or buy from the wholesale electricity market at the half-hourly wholesale electricity prices. Those who exercise this choice are termed as contestable consumers.

Nationwide Rollout of the Open Electricity Market

Since 1 November 2018, the Open Electricity Market was extended to all consumers across Singapore by zones. Over 1.4 million households and business accounts now have the option of buying electricity from a retailer on a price plan that best meets their needs. The Open Electricity Market gives 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 was rolled out progressively in four geographical zones.

Zone	Postal Codes Starting With…	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

* Consumers with postal codes starting with 60-64 have been able to buy from a retailer since 1 April 2018.

Soft Launch of the Open Electricity Market in Jurong

Since 1 April 2018, EMA commenced the soft launch of the 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.