About Singapore’s Open Electricity Market

What is the Open Electricity Market Initiative

On 21 September this year, the Energy Market Authority announced the Open Electricity Market initiative. This means that from November this year, all 1.4 million electricity consumers in Singapore will have the option of choosing their preferred electricity price plans from as many as 12 retailers. You no longer have to buy electricity solely from Singapore Power (SP) Group at their regulated tariff.

You can benefit from competitive pricing, enhanced service standards and innovative offers from retailers.

What Will Happen Moving Forward

What this means for you, the consumer, is:

How to Switch

Making the switch to Best Electricity is easy and hassle-free! All you need to do is to just select your preferred price plan and we will work directly with SP Group to perform the switch for you.

Nevertheless, if you would like to switch back to SP Group, do notify us at least 10 business days before the contractual end date and we will take care of the rest.

Check out our price plans