Notes on choosing electricity retailers in Singapore
Table of Contents
My notes on choosing residential electricity retailers in Singapore.
Check whether current contract is auto-renewal
Electricity retailers are obligated to inform the customer before contract expiry, even if the current plan is under auto-renewal terms.
If interested to switch provider to benefit from referrals or other promotions, do not procrastinate and miss the recontract period. The new provider taking over might require a couple of weeks to complete the process. The process might take even longer if there is a need to install a smart meter.
Compare price plans
Free price plan comparison tool from openelectricitymarket.sg
Check whether published rate includes GST
When comparing plans, check if the published rates includes or excludes GST
Check for eco-friendly plan options
Check for eco-friendly options like 100% solar energy or carbon neutral plans; even though these might cost slightly more. For a typical family, the difference monthly usually works out to a few dollars only.
Check for promotions
Check if there are any promotions and referral benefits. Some retailers offer stacking promotion codes with referral codes.