Electricity Contracting Options

The Energy Market Authority (EMA) has worked with power generation companies (gencos) and electricity retailers to provide the following electricity contracting options for large consumers who want to reduce their exposure to the volatile wholesale electricity prices (visit Energy Market Company website for the prices).

Temporary Electricity Contracting Support Scheme (TRECS) To Be Suspended From 1 May 2023

TRECS was introduced in December 2021 to help large business consumers who faced difficulties renewing or securing electricity contracts due to the global energy crunch. Under TRECS, EMA worked with gencos and electricity retailers to offer monthly fixed price plans or price plans with significant fixed price component for large consumers with an average monthly consumption of at least 4,000 kWh.

Global energy prices have been less volatile in recent months and coupled with EMA's measures to stabilise the market, more longer-term electricity contracts are now available to large consumers. EMA will therefore suspend TRECS from 1 May 2023. TRECS will continue to be offered consumers in April 2023 to facilitate the transition.

Consumers who are on TRECS or Wholesale Electricity Price plans are strongly encouraged to engage licensed electricity retailers to enter into retail electricity contracts for greater price certainty. This is to safeguard yourself/your organisation against potential high and volatile wholesale electricity prices that could occur.

TRECS for April 2023

For the month of April 2023, several electricity retailers are offering price plans with significant price component. Retailers offer more of such plans as it reduces their risk in being exposed to the high wholesale electricity prices in the event of unplanned outages. Consumers can sign up for these plans from now till 24 March 2023.

Below table outlines the key information for the various electricity contracting options.

Contracting Options 
For consumers with average monthly consumption of 4,000kWh - 50,000kWh

The following retailer will offer fixed price plans:
1. Sembcorp Power Pte Ltd
2. Keppel Electric Pte Ltd

Note:
  • Please approach the retailer directly to find out more about these price plans.

For consumers with average monthly consumption of at least 4,000kWh


The following retailers will offer plans with a significant fixed price component for the month of April 2023:
1. Geneco (by Seraya Energy)
2. Keppel Electric Pte Ltd
3. Senoko Energy Supply Pte Ltd

Note:
  • The fixed price component is capped at an electricity rate of 38.558 cents/kWh.
  • Please approach the retailers directly to find out more about their price plans.

For consumers with average monthly consumption of at least 50,000kWh

The following retailers will offer plans with a significant fixed price component for the month of April 2023:
1. Sembcorp Power Pte Ltd

Note:
  • The fixed price component is capped at an electricity rate of 38.558 cents/kWh.
  • Please approach the retailer directly to find out more about their price plans.
Separately, the following retailer offers fixed price plans with contract duration ranging from 6 months to 2 years:
1. Flo Energy

Note
:
  • The fixed electricity rate is determined by the retailer.
  • Please approach the retailer directly to find out more about its price plans.

For Enquiries

Consumers facing difficulty in securing an electricity contract may contact EMA via these channels.

Consumers may also refer to our FAQs for further information on electricity prices.

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