Open Market Electricity – Q2 2023

I compare all retailers for you so you won’t need to waste time


From 1 April to 30 June 2023, the electricity tariff (before GST) will decrease by an average of 5.4% or 1.51 cents per kWh compared with the previous quarter. This is due to lower energy costs compared with last quarter.

For households, the electricity tariff (before GST) will decrease from 28.95 to 27.43 cents per kWh from 1 April to 30 June 2023.


RetailersWithout Contract6 Months12 Months24 MonthsGreen EnergyPromo Code
SP Group29.62 c/kWh
Geneco29.30 c/kWh28.98 c/kWh28.98 c/kWhFIVESTA50 – $50 
FIVESTA25 – $25
Keppel Electric28.98 c/kWh28.98 c/kWh34.98 c/kWhCITI30 – $30
UOB20  – $20
Pacific Light28.98 c/kWh28.98 c/kWh29.30 c/kWhUOB100 – $100
DBS68 – $68
NTUCFAM75 – $75
Sembcorp29.61 c/kWh39.33 c/kWh
Senoko29.30 c/kWh28.98 c/kWh28.98 c/kWh29.44 c/kWhLIVE20 – $20
LIVE60 – $60
Sunseap39.00 c/kWh
Tuas Power29.52 c/kWh29.52 c/kWh
Union Power45.00 c/kWh


Pacific Light came in first with the lowest rate for 12 and 24 months. It is also the lowest for Green Energy at 29.30 c/kWh. It is also offering the simplest and high promotion code from $68 to $100.

Senoko and Geneco are second in place with reasonable rates for 6 months contract and a decent signup promotion code.

SunSeap and Union Power are offering rates which are chasing customers away. With that, both companies are not worth to signup.

If you like this post and happen to sign up with Senoko, You may like to use my referral code NXVMTC2I for an additional $20 bill rebate credit.

Author: Ieatandsleep

2 thoughts on “Open Market Electricity – Q2 2023

    1. Pacific light is my top choice. If you are referring to my Referral code from Senoko, it is due to the contract period.
      On a side note, i am waiting to see if the price will drop at Q3 or not

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