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 (with average monthly consumption of at least 4,000 kilowatt-hours (kWh)) who want to reduce their exposure to the volatile wholesale electricity prices (visit Energy Market Company website for the prices).

A)   Temporary Electricity Contracting Support Scheme (TRECS)

Under this scheme, participating gencos are able to draw on EMA's Standby LNG Facility (SLF) which is replenished with gas purchased from the spot LNG market. This means the plans need to be re-priced every month to reflect the prevailing global gas prices. With monthly plans, consumers can also avoid being locked into long-term contracts, allowing them to consider other offers if global gas prices fall upon the expiry of the contracts.

For the month of June 2022, the fixed electricity rate is capped at 37.561 cents/kWh. It does not include third-party charges such as transmission charges by SP Group and market charges by the Energy Market Company. Consumers can sign up for these monthly fixed price plans from 17 May 2022 to 25 May 2022. 

B)   Other Contracting Options

EMA has worked with Sembcorp Power Pte Ltd to offer longer-term fixed price plans for consumers with average monthly consumption of 4,000kWh to 50,000kWh. These plans come with a longer contract duration ranging from 6 months to 3 years, with the electricity rate for the 2- and 3-year contracts priced at 25 cents/kWh, which does not include third-party charges such as transmission charges and market charges. The contracting window for these plans is now open.

Several retailers are also offering price plans with a significant fixed price component for larger consumers. Retailers offer more of such plans as it reduces their risk in being exposed to high wholesale electricity prices in the event of unplanned outages. Consumers can sign up for these plans from 17 May 2022 to 25 May 2022.

Separately, consumers with an average monthly consumption of 4,000kWh and above can also approach Flo Energy for fixed price plans with contract duration ranging from 6 months to 2 years. The contracting window for these plans is now open.

The table below outlines the key information for these electricity contracting options.

Monthly Fixed Price Contracts  (June 2022) Other Commercial Contracts
For consumers with average monthly consumption of at least 4,000kWh

The following retailer will offer a fixed electricity rate capped at 37.561 cents/kWh:
1. PacificLight Energy Pte Ltd

Note:
  • The fixed electricity rate is the maximum fixed price for the month. It does not include third-party charges such as transmission charges and market charges.
  • Consumers should engage the participating retailer to negotiate pricing and non-pricing terms.
  • Participating retailer's offer is subject to availability and consumers will be contracted on a first-come-first-served basis. 
For consumers with average monthly consumption of 4,000kWh - 50,000kWh

The following retailer will offer fixed price plans with contract duration ranging from 6 months to 3 years, with the electricity rate for the 2- and 3-year contracts priced at 25 cents/kWh:
1. Sembcorp Power Pte Ltd

Note:
  • The rate stated above does not include third-party charges such as transmission charges and market charges.
  • 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:
1. Geneco (by Seraya Energy)
2. Senoko Energy Supply Pte Ltd

Note:
  • The fixed electricity rate is determined by the retailers.
  • Please approach the retailers 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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