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Peak and Off-Peak Plans are non-standard price plans that allow consumers to pay their preferred price for electricity usage depending on the time of day.

We have reviewed over 100 credit cards in Singapore to simplify your card shopping process.Find out which loans offer the best rates and learn how to utilise them correctly.Find out which insurance policies are the best in Singapore.Whether you’re new or a seasoned investor, our research and tools will help you build and manage your portfolio.We'll help you make informed decisions on everything from choosing a job to saving on your family activities.Singapore's Open Electricity Market (OEM) allows households to choose between a range of electricity retailers. These promotions may change; however, they are important to consider as you compare the relative cost of various electricity plans.Advanced metering infrastructure (AMI) meters (also referred to as "smart meters") provide up-to-date and accurate electricity usage data.

The rates offered by these plans fluctuate, but are attractive as they are always set below the tariff rate. Also check for additional charges as mentioned above, like (hidden) administrative fees, auto-renewal clauses, early termination fees, and carbon taxes.Plus enjoy 3 months of free Allianz Online Banking Protection Insurance This can help consumers better manage their energy usage and can even assist them in cutting their utility costs.Some electricity plans require AMI meters, though many will provide full subsidies for the installation cost (S$40 excluding GST). Over the course of a year, this can amount to hundreds of dollars in savings.Electricity providers also offer plans with specified discounts from the regulated tariff. For more information about the cost of AMI meters, contact your preferred retailer.No, it is not compulsory to switch to an electricity retailer. For the end consumer, that means you enjoy more options and flexibility when buying electricity, with the end goal of lowering your monthly electricity bills. Consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Sign in now to redeem your free online banking insurance

Prices and promotions subject to change at any time.Open Electricity Market (OEM) is an initiative by the Energy Market Authority (EMA) to liberalise and open the electricity market to new players. PacificLight, Ohm Energy, Union Power and iSwitch charge the lowest fixed-price electricity rates in Singapore. The post Electricity Retailers in Singapore (2020) — Which Offers the Cheapest Electricity Price Plan? Your billing arrangement depends on your chosen electricity retailer. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. Before choosing an OEM retailer, you need to understand The “best” electricity retailer really depends on your household’s electricity consumption. Valid till 31 March 2020. Sunseap and Geneco each offer electricity plans with electricity that is produced entirely by solar energy. Find the electricity price plan that best meets your business or residential needs.

Although its peak plan of 20.20 cents/kWh (7:00am to 11:00pm) is higher than its fixed price plans of 18.71 cents/kWh (12-month plan), 17.98 cents/kWh (24-month plan), 17.88 cents/kWh (36-month plan), it offers the lowest off-peak plan of 16.16 cents/kWh (11:00pm to 7:00am).PacificLight Energy off-peak plan of 30% off regulated tariff (11:00pm to 7:00am) is the best offer in the market but the discount is based off the regulated tariff rate. Their 12-month fixed rate is higher than their 6-month fixed rate. At this time, the Energy Market Authority of Singapore (EMA) does not require households to switch their meter. Next, the retailer will contact SP Group and facilitate the switch. Over the course of an entire year, consumers can save as much as S$280 compared to SP Group's regulated tariff rate and about S$40 compared to the average discounted rate by choosing one of the cheapest plans.Individuals seeking an electricity plan that offers the most flexibility may be interested in the electricity retailers that offer plans without any contract at all.

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