At a Glance
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.
Save up to S$400 a year*
on your electricity bills
No forms to fill
Just login to digibank
Auto bill payments
when you switch with DBS/POSB
*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.
How to Switch
Login to digibank
Your registration details will be filled in automatically.
Just review and confirm your details.
Switch and set up automatic payment
You can choose to set up GIRO payments right away.
Switch your electricity company conveniently and save on bills.
What I need to know
From SP Group, you can switch to any of 13 different companies for your electricity needs.
When can I switch?
Why should I switch?
Which plan suits me best?
Choose this if you prefer to lock in a stable tariff for more peace of mind.
Choose this if you feel the regulated tariff# will stay or go lower, for more savings.
#The regulated tariff is the rate at which SP Services charges its customers for electricity usage. It is reviewed every 3 months.
These are the companies currently available on Electricity Marketplace.
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.
Starting 1 May 2019, all households in Singapore is eligible to switch on Electricity Marketplace as long as:
- Is a DBS/POSB customer with digibank
- Have a valid email address and contact number
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.
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.
My SP bill consists of Electricity, Gas, Water and Refuse. What will happen after I switch retailers?
Your new retailer will inform you on the transfer date upon confirmation of sign up by the retailer.