The OEM is an initiative by the Energy Market Authority (EMA) to enable households and businesses to buy electricity from a retailer with a price plan that best meet their needs.
The launch of the OEM will provide consumers with more choices and flexibility in their electricity purchase.
Consumers stand to benefit from the OEM from competitive price plans, enhanced customer service standards and innovative promotions from electricity retailers.
With the soft launch of the OEM from 1 April 2018, households and businesses in Jurong whose premises have postal codes starting with 60, 61, 62, 63 or 64 can choose who they wish to buy electricity from.
In the second half of 2018, the OEM will be extended to the rest of Singapore, allowing the remaining 1.3 million accounts (mainly households) to choose the retailer they wish to buy electricity from.
Consumers who wish to continue buying electricity from SP Group at the regulated tariff can choose to do so.
Households will continue to receive the same reliable electricity supply regardless of the electricity retailer you choose to buy electricity from. SP Group will continue to operate the national power grid and deliver electricity to everyone.
Advisory for Residential Consumers in Jurong
You can continue to buy electricity from SP Group at the regulated tariff. It is not compulsory for you to buy electricity from a retailer.
There are 3 standard price plans:
Fixed Price Plans are more suitable for consumers who prefer a constant electricity rate throughout the contract duration. However, the electricity rate may be higher or lower than the regulated tariff during the contract duration, as the regulated tariff is reviewed every quarter.
Discount-off-the-tariff Plans provide a fixed discount off the regulated tariff, but the electricity rates may change each quarter.
Peak and Off Peak Plans may be suitable for consumers who use more electricity during off-peak hours.
Before you sign up with a retailer:
Ask the retailer for a Fact Sheet which summarises the key terms and conditions including contract price, contract duration, security deposit and early termination charges.
Ask for the terms and conditions associated with any bundled products or services.
Read through the contract, and ask the retailer to explain the terms and conditions if you do not understand them.
You can continue to buy electricity from SP Group at the regulated tariff. It is not compulsory for you to buy electricity from a retailer.
There are 3 standard price plans:
Fixed Price Plans are more suitable for consumers who prefer a constant electricity rate throughout the contract duration. However, the electricity rate may be higher or lower than the regulated tariff during the contract duration, as the regulated tariff is reviewed every quarter.
Discount-off-the-tariff Plans provide a fixed discount off the regulated tariff, but the electricity rates may change each quarter.
Peak and Off Peak Plans may be suitable for consumers who use more electricity during off-peak hours.
Before you sign up with a retailer:
Ask the retailer for a Fact Sheet which summarises the key terms and conditions including contract price, contract duration, security deposit and early termination charges.
Ask for the terms and conditions associated with any bundled products or services.
Read through the contract, and ask the retailer to explain the terms and conditions if you do not understand them.
