Cheapest Electricity Plans in Singapore (August 2026) — Every Retailer's Live Rate vs SP's 34.78¢, Ranked

The widest plan menu in the market, and the one to beat if you hate lock-ins. Easy Peasy is a fixed 26.00¢/kWh with no contract at all — that is 25.2% below SP's 34.78¢, and you can walk away whenever you like, which no other retailer on this list offers at a fixed rate. If you will commit, Savvy Saver 36 matches the market's lowest 36-month rate at 27.18¢/kWh, with Savvy Saver 24 at 27.50¢ and Savvy Saver 12 at 29.00¢. There are also two tiered plans with eye-catching headline numbers — Save While Sleeping (24 months) advertises 16.70¢/kWh and 9 To 9 (no contract) advertises 18.50¢/kWh — but read those carefully: PacificLight states these are the LOWEST rate of a tiered plan, meaning that number applies only during the cheap window, with a much higher rate the rest of the day. Sunny Side-Up 12 is the green option at 29.71¢/kWh with renewable energy certificates, and Classic 60 locks 8% off the tariff for five years. On promos, PacificLight is running up to $220 in bill rebates with Maybank cards and up to $220 on its Get Lit offer, plus up to 15,000 yuu points with a $50 bill rebate, or up to 8,000 KrisFlyer miles if you would rather have the miles. Referrals pay $30 to you and $20 to your friend, and the security deposit is waived if you set up recurring payment on Visa, Mastercard or Amex. BEST FOR: renters, anyone moving house within a year, or anyone who simply refuses to sign a 24-month contract.

The rate-plus-freebie play, and the one with a clock on it. LifePower36 is 27.18¢/kWh, tied for the lowest 36-month fixed rate in the market and 21.9% under SP's 34.78¢; LifePower24 is 27.50¢ and LifePower12 is 29.00¢. What sets Senoko apart is the sheer size of the sign-up stack — the campaign is worth up to $359 in gift and rebate, and Senoko's own site says it ends 31 July 2026, so this is a four-day decision at the time of writing. You pick one promo code at checkout: the GIRO route pays up to $170 in bill rebates (GIROFB150 on 36-month, GIROFB100 on 24-month, GIROFB30 on 12-month) or swaps the cash for hardware — a PRISM+ 50L mini bar fridge or a TTRacing portable standing desk, both worth $339, a SMEG KLF05 kettle worth $218, a Shark steam mop worth $208, or a La Gourmet multi-cooker worth $149. Card routes pay up to $200 with a Trust card (TBFC180A), up to $170 with Tiger BOSS debit (TGBGN150 / TGBGN130) and up to $150 with Maybank (MBFC130 / MBFC20). Senoko also has the best answer for night owls — LifeSavvy24 charges 20.05¢/kWh off-peak from 11pm to 7am against 36.95¢ peak — and for people who would rather not gamble on locking a rate, LifeSteady guarantees 1.64¢/kWh off the SP tariff for 24 or 36 months, so you always sit under the regulated price whichever way it moves. Stack the UOB One card for 3.33% cashback or OCBC 365 for 3% on top. BEST FOR: households that want the lowest long rate AND a free appliance — if you can decide before 31 July.

The best total package if you are signing a long contract. PowerFIX 36 is 27.28¢/kWh — a tenth of a cent above the market's joint-lowest 36-month rate, and 21.6% under SP — but Tuas attaches the largest straight cash rebate of the group to it: $200, taken either as a one-time bill rebate or as a $200 grocery e-voucher if you would rather spend it at the supermarket. PowerFIX 24 runs the same structure at 27.50¢/kWh with $120 in bill rebate or grocery vouchers. Short-term options are 29.00¢/kWh on either PowerFIX 6 or PowerFIX 12, which is the same headline rate as most 12-month plans in the market, so the 6-month version is the more interesting of the two if you want a short commitment without paying a premium for it. Every PowerFIX plan also comes with 12 months of free Singlife insurance cover, and you choose the type — Home, Travel or Personal Accident. The green option is PowerFIX 25 G+, a 25-month plan at 32.70¢/kWh with a $100 bill rebate using promo code ONGREEN, available until 31 August 2026; note that going green here costs you about 5.4¢/kWh against their standard 36-month rate. BEST FOR: a long lock-in where the rebate and the free insurance matter as much as the last decimal place on the rate.

The headline-grabber, with a hard cap on it. Get It Fixed 24 is 27.50¢/kWh, which Geneco markets as the lowest rate in town against SP's 34.78¢ — that is 20.9% off — and the catch is stated plainly on their own page: it is an exclusive rate for the first 3,800 sign-ups, after which it goes. The rebates are the largest single figures in this roundup: existing SP customers use promo code POWER200 for a $200 bill rebate, and everyone else uses POWER100 for $100, with Geneco advertising up to $255 in total rebates once the other components are stacked. Get It Fixed 12 is 29.00¢/kWh with code POWER15 for a $15 rebate, and Give Us A Try is a 6-month plan at 29.00¢/kWh, though Geneco states promotion and referral codes do not apply to that one. There is also a time-of-use option, Get It 7 To 7, running 27.28¢/kWh from 7pm to 7am against 32.50¢ from 7am to 7pm over 24 months — worth a look if your washing and aircon load genuinely sits in the evening, though note the peak rate here is only 2.3¢ below the SP tariff. Geneco is also the only retailer here with a customisable green add-on, Power Eco, from $1 more per month. BEST FOR: SP customers switching for the first time, where the $200 POWER200 rebate does most of the work in year one — assuming the 3,800 slots have not gone.

The one we could not price for you, and we would rather say so than guess. Keppel Electric has been retailing electricity here for over 25 years and offers the usual three families of plan — fixed-rate, time-of-use, and ecoGreen for renewable energy — plus no-contract options. The problem is that, unlike every other retailer in this roundup, Keppel does not publish its residential rates on a public page you can read; the numbers only appear once you go through the plan calculator or start the sign-up flow. Its SURESAVE DOT plan, a discount-off-the-regulated-tariff product with no lock-in, has been promoted at different discount levels during 2026 and we could not confirm on Keppel's own site that it is still open, so we are not quoting a figure for it. That is not a knock on the company — a discount-off-tariff structure is genuinely useful, because it tracks the tariff down as well as up, and Keppel lets you move between its plans with one month's notice and no penalty. It just means you will need to run their calculator or call sales on 6803 3888 to see whether they beat the 27.18¢ floor set by Senoko and PacificLight. BEST FOR: anyone who wants a discount-off-tariff plan rather than a locked rate, and does not mind making one phone call to find out the number.

Not a deal, but the number every offer above is quoting against — so it belongs on the list. If you have never switched, you are on SP Group's regulated tariff, which the Energy Market Authority reviews every quarter. For 1 July to 30 September 2026 it is 34.78¢/kWh with GST, or 31.91¢/kWh before GST. That is the figure Geneco, Senoko, Tuas and PacificLight all print on their own pages when they advertise how much cheaper they are, and it is why the gap looks so wide right now: the tariff rose at the start of July. Run the arithmetic on a household using 400 kWh a month and staying on SP costs about $139.12 a month; the same usage on a 27.18¢ plan costs about $108.72, so switching saves roughly $30 a month or about $365 over a year. What you get for that premium is genuine flexibility — no contract, no early-termination fee, and no sign-up paperwork — plus a rate that will fall automatically if energy costs drop, which a locked 36-month plan will not. Two things people worry about that do not apply: switching retailer does not interrupt your supply (SP still owns and maintains the wires and still reads your meter), and your U-Save rebates are credited exactly the same way whichever retailer you buy from. BEST FOR: households moving out within months, or anyone who genuinely values zero commitment over roughly $365 a year.