17 Jan 2020
The Open Electricity Market – or OEM – empowers consumers in Singapore to have financial control of their energy needs and enjoy greater savings over the regulated electricity tariff. As the largest energy generator in Singapore, Senoko Energy plays an instrumental role in powering the nation. With various price plans catered for different consumption habits, consumers have greater choice and can power up their homes with an appropriate electricity plan that is suitable to their consumption patterns and budget.
Our power generation plant has supplied energy to the electricity market in Singapore for over 40 years, strengthening our expertise in this field. This allows us to provide intelligent and innovative solutions for energy with the consumer in mind. Alongside new technologies, we continue to supply cleaner and high-quality energy to support global sustainability efforts.
Our energy plans in the Open Electricity Market offer competitive rates among the retailers in Singapore. We understand the consumer’s daily energy needs and help to meet them with the best cost-saving deals while bringing value to customers through Senoko Smart Rewards and promotions. Power up with Senoko Energy and enjoy great returns!
The current regulated electricity tariff by SP Group is 25.02 cents/kWh for Q3 2021. Take advantage of the Open Electricity Market in Singapore and save more than 30% each month with our electricity plans.
"We chose Senoko Energy because they have a flexible 12-months plan. The sign-up experience was pretty easy. and everything was up and running almost immediately!"
- Milly, Senoko Energy customer
With the Open Electricity Market, you can enjoy straightforward pricing plans that are far lower in comparison to the current regulated tariff. Among the electricity retailers in Singapore, our competitive prices reflect current consumer needs and ensure stability against future market conditions and demands.
Since the launch of the Open Electricity Market in May 2019, 49% of households have made the switch to their preferred OEM retailer^ and have enjoyed satisfying results on their monthly bills.
Make the switch and save up with Senoko Energy today!
^ As of 7 May 2021 according to the Energy Market Authority
12 months plan
Lock in our low 12-month fixed rate
24 months plan
Lock in our low 24-month fixed rate
12 months plan
Enjoy rates as low as 19.52¢/kWh (based on Q3 tariff)
You can save approximately 30% of your electricity bill when you make the switch from SP Group to any Senoko Energy price plans.
To give an example: with an average monthly electricity bill of $100, you can save around $30 by switching to Senoko Energy.
Maximise your savings now with our exclusive offers and promotions.
Senoko Energy offers a variety of fixed rate and discount-off tariff (DOT) standard electricity price plans. Fixed rate plans require that you pay a fixed rate throughout the duration of your contract. While the rate is not subjected to fluctuations during your contract, it may be higher or lower than the SP’s regulated tariff which fluctuates every quarter. Discount-off tariff plans offer a discount off the prevailing SP’s regulated tariff price, which is revised every quarter. This means that your electricity rate is a floating rate and you are assured guaranteed savings off the quarterly regulated tariff.
Switching to Senoko Energy is easy and can be done in various ways:
Best of all, no registration fees are required to switch.
The transfer process will take us 6 working days upon receiving your application and supporting documents. Learn more on the switching process.