Best Electricity Price Plans in Singapore (2026) — Every 24-Month Plan Is 27.50¢, So Pick the Biggest Rebate

Since every 24-month plan costs the same 27.50¢/kWh, Geneco wins on the only variable left: its Get It Fixed 24 plan is listed on EMA's portal as "Up to $255 rebates + Price Match Guarantee" — the largest sign-up incentive of any retailer. The Price Match Guarantee is the genuinely unusual part: Geneco says that if you find a lower price within seven working days of signing up, it will refund the difference on your bill for the contract duration, which removes most of the regret risk of locking in for two years. Geneco is the retail arm of YTL PowerSeraya, one of Singapore's largest generation companies. Shorter commitments are available at 29.00¢/kWh: Get It Fixed 12 (12 months, up to $60 rebates) and Give Us A Try, the only 6-month plan besides Tuas Power's. There is also a Power Eco add-on from about $1/month if you want carbon credits or RECs layered on top. Note that Geneco's headline rebate is a stacked "up to" figure — the base plan rebate is smaller, and the maximum assumes you also qualify for the bank-card and add-on promotions on its promotions page, so read the breakdown before you count on $255.

Senoko Energy's LifePower24 sits at the same 27.50¢/kWh and carries the second-largest incentive on the portal: "up to $228 in promo gifts & rebates". Senoko leans heavily on physical gifts rather than pure bill credit — its current sign-up promotions have featured kitchen appliances and fans alongside bank-card rebates, so the headline value depends on whether you actually want the item. Two things make Senoko worth a look beyond the rebate. First, even its standard LifePower24 plan includes the #TakeCharge programme at no extra cost, under which Senoko buys and retires Renewable Energy Certificates equal to 3% of your annual consumption. Second, if you want to go all the way green, LifeGreen24 is the cheapest fully-certified green plan in the market at 27.88¢/kWh — just 0.38¢ above the standard rate, and still 6.90¢ below the SP tariff, with RECs covering your entire consumption. A 12-month LifePower option is listed at 29.00¢/kWh with up to $169 in gifts and rebates.

PacificLight's Savvy Saver 24 is listed at 27.50¢/kWh with "up to $140 bill rebate" on EMA's portal, but its own promotions page currently advertises a larger stack: a "Get Lit" in-house offer of up to $220 in bill rebates, and up to $220 when you sign up with Maybank cards. It also runs the most varied non-cash rewards in the market — a KrisFlyer tie-up offering up to 8,000 miles, and a yuu partnership worth up to 15,000 yuu points plus $50 in bill rebates. Its referral scheme pays $30 to you and $20 to the friend you refer. PacificLight is also the retailer to check if you want green power on a shorter leash: Sunny Side-Up 12 is an online-exclusive 12-month plan at 29.71¢/kWh with RECs disbursed annually for the contract duration. Because the portal figure and the website figure differ, confirm which stack you actually qualify for before signing — the $220 versions are conditional on specific cards or channels.

Keppel Electric's FIXED24 is priced at the market-standard 27.50¢/kWh with up to $100 in bill rebate, and FIXED12 at 29.00¢/kWh with up to $10. The rebate is mid-pack, so Keppel's argument is longevity rather than generosity: it says it has more than 25 years powering Singapore, and it is one of the retailers people most often name when they want a large, established parent company behind a two-year contract. Keppel also markets a SURESAVE DOT plan on its own website — a no-contract plan pitched at 15% off the prevailing regulated tariff — but note that no discount-off-tariff plans appear on EMA's comparison portal at the moment, so ask Keppel directly whether it is still open to new sign-ups and on what terms. Because a DOT plan floats with the quarterly tariff, it would be the option to consider if you think the Q3 spike will unwind, whereas the fixed plans lock in today's gap.

Tuas Power's PowerFix 24 matches the market at 27.50¢/kWh with a $100 bill rebate, but its distinguishing feature is administrative rather than financial: both PowerFix plans are marketed as "Same SP Bill", meaning you keep receiving and paying a single consolidated SP Group bill instead of a separate retailer invoice. If the reason you have never switched is that you did not want to deal with a new billing relationship, GIRO changes, or another app, that is the friction this removes. Tuas Power is also one of only two retailers offering a 6-month plan — PowerFix 6 at 29.00¢/kWh, likewise on the same SP bill — which makes it the shortest low-commitment route out of the regulated tariff alongside Geneco's Give Us A Try. Tuas Power is a wholly-owned subsidiary of China Huaneng Group and has operated in Singapore's generation market for decades.

Sembcorp Power's 24M Fixed Price Plan Home is listed at exactly the same 27.50¢/kWh as everyone else, and its 12M plan at 29.00¢ — but EMA's portal shows no sign-up incentive attached to either. On a list where the rebate is the whole game, that is a straightforward disadvantage: you are getting the identical rate as Geneco while leaving up to $255 on the table. The case for Sembcorp is that its plans are also the plainest. No gift catalogue to evaluate, no bank-card qualifying spend, no stacked "up to" figure that turns out to need three conditions — just the rate. Sembcorp Industries is a Singapore-listed energy and urban group and one of the country's largest power generators, so it may still appeal if you value a straightforward contract with a major local operator, or if you find a promotion running directly on its own site that has not been filed to the comparison portal. Otherwise, take the same rate with a rebate attached.

This is the default, and for most households it is still the status quo: as of 1 June 2026, about 62.8% of households were buying at the regulated tariff and only 37.1% were on an Open Electricity Market plan. For 1 July to 30 September 2026 that tariff is 34.78¢/kWh with GST, or 31.91¢ before GST — made up of energy costs (25.50¢), network costs (6.10¢), the market support services fee (0.23¢) and the market admin and power system operation fee (0.08¢), all before GST. Its one real advantage is that there is no contract and no early-termination fee, and the rate is revised every quarter, so it falls when fuel prices fall. Its disadvantage right now is simply that it is 7.28¢/kWh more expensive than every fixed plan in the market. Switching does not change your wiring, your meter or your supply reliability — the electricity is physically identical and SP Group still operates the grid. Nothing gets cut off during the switch.