Buy Electricity | Requirements:
1. Meet EMA’s contestability criteria
2. You currently pay your bills directly to SP Services or an electricity retailer
3. Search for a suitable plan for your business here
Buy Electricity | Points to note:
1. Billing period
Do find out from your retailer which day of the month will you be billed. Some retailers impose a late-payment fee.
2. Security Deposit
Most retailers require you to place a deposit before you start your contract. This is usually expressed in number of months’ worth of your electricity bills.
3. Payment methods
Common payment modes include credit card, cheque, and bank transfer.
4. Length of contract
Contract lengths are usually 1-year or 2-year long.
5. Early Termination Penalty
Similar to telcos, it is common for retailers impose a penalty if you decide to terminate your contract prematurely.
6. Relocation of premises
Some retailers are able to waive the early termination penalties in event of business relocation, on condition that you sign up with the same retailer for your new business premises.
Electricity Retailers in Singapore:
|Keppel Electric||Sembcorp Power||Tuas Power||Senoko Energy||Seraya Energy||PacificLight Energy|
|Diamond Energy||Hyflux Energy||Red Dot Power||Sun Electric||Sunseap Energy||Buri Energy|
|Best Electricity||I Switch||Virtuse Group||Environmental Solutions||Charis Electric||Union Power|
|Energy Supply Solutions||Just Electric||SmartCity Energy||MyElectricity||ValuEnergy||SilverCloud Energy|