Since the introduction of the Open Electricity Market (OEM) in 2018, residential consumers are able to enjoy more choices and flexibility when buying electricity.
Buy at the Regulated Tariff
Default option for residential consumers prior to the introduction of OEM
Buy from an Electricity Retailer
At a price plan that best meets your needs
Buy from the Wholesale Electricity Market
At half-hourly wholesale electricity prices via SP Group
Regardless of who consumers buy electricity from, the electricity supply will remain the same. This is because SP Group will continue to operate the national power grid and deliver electricity to everyone.
Advisory for Residential Consumers Buying from the Wholesale Electricity Market
Wholesale electricity market prices fluctuate based on prevailing market demand and supply conditions, and could be volatile. Residential consumers may wish to consider buying electricity at the regulated tariff or sign up an electricity plan with a retailer for greater price certainty.
Support Available for Residential Consumers
GST U-Save Rebates
Households who are eligible for GST U-Save rebates can make use of them to offset their utility bills, including electricity. Those living in 1- and 2-room HDB flats typically receive rebates amounting to an average of about 3 to 4 months of their utility bills while those in 3- and 4-room HDB flats could receive rebates amounting to an average of about 1 to 2 months of their utility bills.
Visit the GST U-Save FAQs to find out more.
Conserving energy is also another way in which consumers can manage their electricity bills. For instance, households with an advanced electricity meter can understand their electricity consumption patterns and make informed decisions to conserve energy.
Learn how you can save energy and become more energy efficient
Back to Top