Switch and Save at Electricity Marketplace

Switching to better savings in the new liberalised electricity market is as easy as 1, 2, 3. Just pick a plan that suits you, and we’ll take care of the registration details.

Compare different plans

side-by-side

Switch at your fingertips

via digibank

Save up to S$400*

on your electricity bills yearly

*S$400 savings a year is based on the average electricity consumption of a 5-room household in 2018, with electricity tariff as of Q2 2019.

 

What Do I Need to Know Before I Switch?

#1 Which type of price plan is right for me?

Fixed Rate

Pay the same rate throughout the contract duration, regardless how tariffs# change. Choose this if you prefer the certainty of paying a rate that does not change, even when Singapore Power tariffs fluctuate.

Discounted Rate

Enjoy a fixed discount off the tariff set by Singapore Power. The rate you pay may change, depending on tariff fluctuation. If you’re confident tariffs will drop, or are not fussed about minor price fluctuations, this plan would suit you.

#The regulated tariff is the rate at which SP Services charges its customers for electricity usage. It is reviewed every quarter.

#2 What’s the difference between a standard and non-standard plan?

Standard Price Plans

There are no surprises with a standard price plan. What you see is what you get, which gives users peace of mind.

Non-Standard Price Plans

These plans offer greater flexibility in pricing structure, which may be a better fit for you if your usage pattern deviates from the norm. Always check your plan fact sheet for the details, as each plan differs from retailer to retailer.

Here are the key differences between Standard and Non-Standard Price Plans:

  Standard Price Plan Non-Standard Price Plan
Fixed rate
Discounted Rate
Peak/off-peak rate
Same price structure throughout contract
Price structure may vary during contract
All applicable charges included
There may be additional fees and charges
Contract duration 6, 12, 24 months Not limited to 6,12, 24 months

#3 What are the 3Cs of sustainable electricity plans?

Clean Energy

A clean energy source is derived from renewable, low-emission resources such as wind, sun, and hydropower. In Singapore, some retailers offer plans that are a blend of green power and fossil fuel energy sources.

Carbon-Neutral Energy

With a carbon-neutral energy supply, part of your bill is used to offset the environmental cost of producing electricity, via the purchase of carbon credits. These are used to fund projects that reduce greenhouse gases.

Carbon Tax

Introduced in 2019, carbon taxes are intended to curb energy usage and reduce greenhouse gas emissions. The higher your electricity usage, the higher your carbon tax, though some retailers may absorb it.

#4 What are the ‘hidden costs’ I should know about?

Hidden Costs

Always check your plan fact sheet before you select your plan. What appears to be the cheapest plan may have hidden costs such as additional fees and charges for paper bills, meter installation, and early termination to name a few.
 

Eligibility

  1. Have a utilities account with SP Services.
  2. Be a DBS/POSB customer with digibank.
  3. Have a valid email address and contact number.

Switch now

 

Participating Companies

These are the companies currently available on Electricity Marketplace.

Best Electricity

Hotline No.: 6898 2020
Email: sales@bestelectricity.com.sg

Geneco

Hotline No.: +65 6363 6677 
Email: info@geneco.sg

Keppel Electric

Tel: 6803 3000
Email: enquiry@keppelelectric.com

iSwitch

Tel: 1800 505 9900
Email: save@iswitch.com.sg

Sunseap

Hotline No.: 6255 5623
Email: customercare@sunseap.com

Tuas Power

Hotline No.: 6838 6888
Email: cuscare@tuaspower.com.sg

Union Power

Tel: 6858 5555
Email: enquiry@unionpower.com.sg

 

This does not represent the full list of available retailers in the market. For the full list, please refer to the Open Electricity Market website here.

 

Frequently Asked Questions

You will need to be a DBS/POSB customer with digibank (iBanking), a valid email address and contact number. If you are an existing SP services customer, you will also need your SP Services Utility account no. 89XXXXXXXX. This can be found on your top left-hand corner of your SP Services utilities bill.

If you do not have a DBS/ POSB account, please sign up here. Upon completion, you may proceed to start your application via our portal.


Currently this portal is only open to DBS/POSB customers with digibank, a valid email address and contact number. You may use the portal after you have signed up for digibank.

To find out more about digibank, click here.

New to digibank?
Apply now


It depends on the retailer and price plan. Some retailers may offer a smart meter, which you may need to install a new meter. Your new retailer will contact you if it is required.

Your new retailer will work with SP services to ensure a smooth transition during the switching period.

Yes, all households can switch back to buying electricity from SP Group at the regulated tariff. Please check with your retailer if any early termination or other charges that may apply, before making the decision to switch back.


You will continue to receive your water, gas and refuse bill from SP Services. The electricity bill will be sent separately by your new retailer.

Your new retailer will inform you on the transfer date upon confirmation of sign up by the retailer.


For more information, you may refer to the Energy Market Authority at https://www.ema.gov.sg or the Open Electricity Market at https://www.openelectricitymarket.sg

For enquiries on the electricity price plans and retailers, please reach out to the retailer directly.

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