Choosing Your Electricity Provider
Currently, businesses with an average monthly consumption of at least 2,000 kWh (equivalent to a monthly electricity bill of at least $400) are eligible to choose their electricity provider (i.e. become contestable).
Starting 1 April 2018, households and small businesses in Jurong (with postal codes starting with 60, 61, 62, 63 or 64) will become eligible to choose who they wish to buy electricity from.
With the Open Electricity Market, you can choose to buy electricity from:
(a) SP Group at the regulated tariff [no change from current arrangement]
(b) An electricity retailer at a price plan that best meets your needs [new]
(c) The wholesale electricity market at half-hourly wholesale electricity prices through SP Group [new]
It is not compulsory for you to switch to a retailer or buy from the wholesale electricity market. You can continue to buy electricity from SP Group at the regulated tariff. (Consumers who decide not to switch are termed as non-contestable consumers.)
You will continue to enjoy the same reliable electricity supply regardless of your choice of electricity retailer, as SP Group will continue to operate the national power grid to supply electricity to consumers.
||Price of Electricity
||Who to buy from
||Fixed every quarter
||SP group (SP Services)
||Depends on retail electricity package offered by retailers
||Households and small businesses (with postal codes starting with 60, 61, 62, 63 or 64) in Jurong can buy only from retailers which are participating in the soft launch of Open Electricity Market, as listed here
Large business consumers can buy from any of the licensed retailers listed here
|Wholesale Electricity Market
||Half-hourly wholesale electricity prices
||SP Group (SP Services)
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