📊 4-Room HDB Electricity Plans — Retailers vs SP Regulated Tariff (Latest)
| Provider & Plan | Contract Duration | Rate (¢/kWh incl. GST) | Est. Monthly Bill (~360 kWh) | Notes / Perks |
|---|---|---|---|---|
| Geneco – Get It Fixed 24 | 24 months | 27.68¢ | ~$99.65/mo | Solid long-term fixed rate + rebates offered |
| Tuas Power – PowerFix 24 | 24 months | 27.68¢ | ~$99.65/mo | Grocery voucher promo & bundled billing with SP possible |
| PacificLight – Savvy Saver 24 | 24 months | 27.68¢ | ~$99.65/mo | Similar price tier + rebates |
| Senoko – LifePower 24m | 24 months | 27.68¢ | ~$99.65/mo | Comes with promo perks like appliances or bill rebates |
| Senoko – LifeGreen 24m | 24 months | 28.06¢ | ~$101.02/mo | Slightly higher, green-focused plan |
| Geneco – Get It Fixed 12 | 12 months | 28.67¢ | ~$103.21/mo | Shorter contract option |
| SP Group – Regulated Tariff | No lock-in | ~30.65–30.1¢ | ~$110–112/mo | Default supply without switching |
What This Means in Simple Terms
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Retailer fixed price plans around 27.68–28.67¢/kWh are currently the most competitive for a 4-room HDB, potentially saving you ~$10–$12/month compared with SP’s regulated tariff at today’s rates.
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Many retailers offer promotions (e-vouchers, bill rebates, small gifts), which can sweeten the deal beyond just a lower rate.
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Shorter contracts (like 12 months) cost a bit more per kWh but give you flexibility if prices change.
🔎 Notes on How These Plans Work
📉 Fixed Price Plans
These are currently the most popular and easiest to compare:
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You pay a fixed electricity rate per kWh throughout the contract.
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No surprises even if SP’s regulated tariff fluctuates up or down.
💡 Discount Off Regulated Tariff Plans
Less common right now. Instead of a fixed number, you get a set discount off SP’s regulated tariff every quarter. If SP’s tariff drops, your bill drops too — but if it rises, your rate increases (just less than it would otherwise).
💡 Other Retailer Options You Might See (Non-Standard)
Retailers sometimes offer non-standard plans — e.g., time-of-use or usage tiered pricing — that don’t fit neatly into “simple fixed.” One example:
📌 PacificLight “9 to 9” Plan
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Peak price (~37.50¢/kWh during 9am–9pm)
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Off-peak price (~16.08¢/kWh during 9pm–9am)
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Daily fee (~$1.01/day)
This type can save you money if your usage is mostly late at night, but the pricing is more complicated and you have to understand your household’s pattern well.
🧠 How Much You Could Save Annually
If you switch from SP’s regulated tariff to a 24-month fixed plan at 27.68¢/kWh:
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Assuming ~360 kWh/month:
SP: ~30.1–30.65¢ → ~$110–112/month
Retailer: 27.68¢ → ~ $99.65/month -
You save roughly $10–$12/month, or $120–$144/year — without changing your usage habits.
📌 Practical Tips Before You Switch
✅ Check Estimated Monthly Bills
Most comparisons assume ~360 kWh consumption. If your household uses more or less, your savings will scale up or down.
🧾 Watch Out for Promotions vs. True Plan Value
Deals like rebates or vouchers can boost the effective savings, but ensure you read when those promos are paid and whether there are conditions.
📅 Mind Contract Length
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Longer contracts often have lower per-kWh rates.
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But if electricity prices drop significantly, a long-term locked price may end up higher than SP’s tariff later.
📱 Use the Official OEM Price Comparison Tool
For real-time rates tailored to your exact flat type and usage, EMA’s Open Electricity Market comparison page is the most accurate: visit compare.openelectricitymarket.sg.
📌 Summary — What I’d Consider for a 4-Room HDB
✔️ If you just want simple budgeting and lowest stable rate, a fixed price plan ~27.68¢/kWh for 24 months is hard to beat right now (Geneco, Tuas, PacificLight, Senoko all competitive).
✔️ If you like flexibility and think rates might fall, a 12-month plan could be better.
✔️ For creative scheduling and night-time use patterns, non-standard plans might save even more — but require careful monitoring.
🔌 1) Your Current Electricity Usage in Singapore Context
According to Singapore Power’s latest tariff revision for January–March 2026, the regulated household tariff is:
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26.71 ¢/kWh before GST
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~29.11 ¢/kWh including 9 % GST
This puts a typical 4-room HDB bill at roughly:
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~$105/month at 360 kWh × 29.11 ¢ = ~$105
That aligns well with your actual bill range around $110–$125/month.
Retailers in the Open Electricity Market often price their fixed price plans quite close to this range — meaning your current bill is representative of today’s market conditions.
⚡ 2) Retailer Plans — What You Might Pay Instead of SP’s Tariff
Here’s a summary of representative fixed price plans currently competitive for a 4-room HDB:
📊 Fixed Price Plans (Standard & Simple)
| Plan / Retailer | Typical Rate (incl. GST) | Estimated Bill (~360kWh/month) | Contract Terms / Notes |
|---|---|---|---|
| Geneco – Get It Fixed (e.g., 24m) | ~28.87 ¢/kWh | ~$104 | Common competitive plan with promotions available locally. |
| Tuas Power – PowerFix (12/24m) | ~28.87 ¢/kWh | ~$104 | Often available with vouchers/bill rebates. |
| PacificLight – Savvy Saver (24m) | ~28.87 ¢/kWh | ~$104 | Same band as others — uniform pricing. |
| Senoko – LifePower (24m) | ~28.87 ¢/kWh | ~$104 | Often bundled with added perks. |
| SP Regulated Tariff | ~29.11 ¢/kWh | ~$105 | Default tariff if you stay with SP Group. |
📌 As of the latest comparisons, multiple retailers share almost the same fixed price level (around 28.8–29 ¢/kWh incl. GST), which translates to an estimated monthly bill very close to what you’re already paying (~$104–$105/mo on ~360 kWh).
Key takeaway:
👉 If you switched to one of these retailer plans today, your bill would likely be in line with what you’re already paying — maybe a dollar or two lower per month, or about ~5–10 % savings if promotions (e-vouchers, rebates) are included.
🔍 3) Optional Non-Standard or Creative Plans
Besides simple fixed rates, some retailers offer plans that might save more if your usage pattern fits:
🕐 Time-of-Use / Peak-Off-Peak Plans
These charge lower rates during off-peak hours and higher rates during peak times.
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Great if your family runs most electricity usage (washing machine, EV charger, heavy appliances) in off-peak periods.
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But if your consumption remains consistent throughout the day (e.g., aircon on in afternoon/evening), the overall bill could be higher.
Example (illustrative):
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Peak: ~36 ¢/kWh
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Off-peak: ~20 ¢/kWh
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Daily fee: ~$1.00
Your bill depends heavily on hourly usage.
📈 Wholesale or Short-Term Plans
Some retailers let you opt for no-contract wholesale pricing where the price floats with demand — risky but can be cheaper or more expensive depending on market swings.
These non-standard plans usually require more design and computation before you sign up; for most households with steady usage, fixed price plans remain easiest and safest.
💡 4) Practical Savings You Can Expect
Let’s break down savings based on your current ~$117 average monthly bill:
| Scenario | Monthly Bill (est.) | Difference vs Your $117 |
|---|---|---|
| Stay on SP Regulated Tariff | ~$105–110 | ~$7–$12 less than $117 |
| Switch to Retailer Fixed Plan (~28.8¢) | ~$104 | ~$13 less than $117 |
| Promo Boost (rebates / vouchers) | ~$90–$100* | ~$17–$27 savings |
| Depending on offers not reflected in basic kWh tariff. |
Insight:
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Your current bill range is very normal given the regulated tariffs and retailer plans.
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The main savings come from contract promotions (e.g., rebates, referral bonuses) rather than the plain per-kWh rate itself, because everyone’s base pricing is quite tightly clustered right now.
🧠 5) Tips Before You Switch
If you do consider a retail plan, here’s how to approach it carefully so you actually save money:
✔ Identify Your Priority
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Lower bills now: look for promos or shorter contracts (12 months).
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Budget certainty: choose fixed price with longer contract (24 months).
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Complex patterns & flexibility: consider peak/off-peak (only if usage is predominantly off-peak) or wholesale.
✔ Use the Official OEM Comparison Tool
Before signing anything, input your exact flat type and usage on compare.openelectricitymarket.sg to see real, live prices customised to you.
✔ Watch Out for Extra Fees
Some retailers may have:
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Paper billing fees
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security deposits
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early termination charges (e.g., ~$320 for 4-room HDB if you cancel early)
✔ Consider Rebates and Promotions
Promotions like bill rebates, e-vouchers or bundled perks can make a big difference — often more than a tiny difference in the per-kWh rate itself.
📌 6) Bottom Line for You
Since your average bill is ~$117/month, staying with SP’s regulated tariff would put you around $105–110/month based on current tariffs.
Switching to an OEM retailer’s fixed price plan typically puts you around $104/month on average — the real extra savings usually come from one-off promotions or rebates, not massive differences in the base rate.
So what I’d suggest is:
Use the official OEM comparison pricing tool right now, plug in your usage and flat type, and check if any retailer promotions available today improve your effective savings. That’s where the real immediate value lies.
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