Quick recap
Why switching to Tuas Power makes sense
Tariff rate
Regulated tariff rates set by SP Group are both higher and adjusted quarterly to main their profitability
Fixed rate
Tuas Power rates are both cheaper and fixed and remain so for the duration of the contract
Benefit
Cheaper fixed rates stay predictable and lower month after month improving business efficiency and your profitability
F.A.Q.
Frequently Asked Questions
Tuas Power offers 12, 24 and 36 months contract terms.
Depending on your usage and contract term, up to $700.
If you decide to switch, we will manage the paperwork for you, all you really need to do is to initial the pre-filled documents.
Unfortunately, we are not allowed by our company to be inaccurate. Besides the rate, we also offer generous rebates depending on usage and length of contract. Without your billing data, we will not be able to give you an accurate quote.
Absolutely. Tuas Power is one of Singapore’s established power generators, and your bill details are kept strictly confidential under PDPA — used only to calculate your potential savings.
That’s a fair question. Tuas Power has been generating electricity for Singapore since 1999, and is the current market leader in the commercial industry and holds the largest market share in electricity generation as of 1H 2024.
Yes, unlike SP Group, who manages the national grid — the distribution network, Tuas Power is a power generation company with its own power plant in Tuas, Singapore.
The key difference is, with a tariff-pegged plan, your electricity price changes every quarter. When tariffs rise, you pay more, your costs increase, making bills harder to predict and long-term budgeting difficult.
With a fixed rate plan, your electricity price stays the same throughout the term of the contract. You’re protected from rising tariffs, so your bills are predictable, which simplifies budgeting, forecasting and overall financial planning.
So a fixed-rate plan not only lowers your monthly electricity bill but should also improve business efficiency.
The 3 Steps to get started
The process
Eligibility
On the first page of your electricity bill, under electricity services, check to see if your usage reads 1000 kWh or more. If so, you qualify.
Bills
Send us a photo of the first page of your latest 3 electricity bills.
Quote
We will send you a customised quote within 24 hours and you can decide if switching is a good option for you.
Are you ready to start saving?
Click on the button below to find out how much you can save.