How do I know if I’m eligible to switch to an electricity retailer?
The liberalisation of the Open Electricity Market allows all commercial consumers, with a monthly electricity consumption above 2,000kWh, the opportunity to switch electricity retailer.
For more information, please contact us here. We will be happy to assist with your queries.
Does the reliability and quality of electricity supply depend on my choice of retailer?
No, the electricity market in Singapore is designed and regulated by the Energy Market Authority. This means the reliability and quality of electricity supply is the same regardless of the retailer you choose.
Will there be any disruption to my electricity supply during my transfer to iSwitch?
Certainly not. Your electricity supply will not be affected by the transfer as the transfer process is purely administrative and will be performed electronically by the iSwitch team. It is a seamless transfer of account executed in the system that is managed and operated by the Market Support Services Licensee (‘MSSL’), SP Services Ltd.
How long will it take to do the transfer?
The transfer takes up to 30 calendar days upon successful application if transferring from SP Group. If you are transferring from another retailer the transfer takes up to 7 business days.
Can I transfer the security deposit from SP Group to iSwitch?
Your security deposit cannot be transferred. It will be refunded by SP Services upon transfer.
Billing & Payment
How can I pay my iSwitch bill?
For your convenience, you can choose to apply for GIRO payment with your bank, via AXS machines, AXS Portal and mobile app, cheque or bank transfer.
How often will I be billed?
As an iSwitch customer, you will be billed on a monthly basis with the applications third part charges as stated in your Electricity Agreement with us. You have the option of settling payment via GIRO, AXS or cheque within 14 days.
How can I pay the security deposit?
The deposit amount will be billed in your first month bill.
I have submitted GIRO form, what is the status?
GIRO application takes 2-6 weeks to process after submission. Customers are advised to make payments manually until you receive a confirmation email from iSwitch.
If I terminate the contract, when can I receive the security deposit?
Refund of the security deposit takes up to 1 month to process after a full settlement of the outstanding balance under the terminated account.
How do I know when my contract ends?
Our price plans offer a variety of contract durations depending on your preference. Your contract end date will be clearly stated in your contract upon successful transfer.
How far in advanced may I renew my contract?
iSwitch will contact you directly 1 at least a month before your contract end date to see what plans you wish to renew with.
How do I renew?
If the iSwitch team did not contact you and your contract has ended, non-domestic accounts can renew with iSwitch online. For high tension accounts, please send us an enquiry.
After the switch, who does my meter reading?
Market Support Services Licensee (‘MSSL’), SP Services Ltd is the sole regulated entity that is responsible for collecting and collating all meter readings for contestable consumers. Your electricity usage is read automatically through electronic meters at half-hourly intervals.
Are master-metered accounts eligible for contestability?
A landlord with a master-sub metering arrangement can be contestable either under the En-Bloc Contestability Scheme or Demand Aggregation Scheme. To learn more about the two schemes please contact us here.
What are the charges for Advanced Metering Infrastructure (AMI) meters?
For all commercial accounts, Advanced Metering Infrastructure (AMI) meters will be used to measure electricity consumption remotely at half-hourly intervals and SP PowerGrid will impose a one-time installation fee of $40 per AMI meter (exclusive of GST).
If the meter is faulty, how will iSwitch bill for my consumption?
Report any meter faults immediately to SP PowerGrid at 1800-778 8888 and they will investigate and replace it. SP Services will determine the meter reading to be billed during the irregularity period, based on the Metering Code approved by EMA.
What is Carbon Tax?
During the Singapore Budget 2018, it was announced that a Carbon Tax charge of S$5/tCO2e carbon emissions will be introduced from 2019 to 2023. This to support Singapore’s commitment to the Paris Agreement to reduce emission intensity by 36 % from 2005 levels by 2030.
• Mainstream Media Link:
• Carbon Pricing Bill link:
When will Carbon Tax be in operation?
The Permanent Secretary, for the Ministry of Environment and Water Resources, has recently announced that Carbon Tax will come into operation on 01 Jan 2019.
How is the Carbon Tax Rate in $/kWh derived?
The Carbon Tax charge of $5/tCO2e is converted to an equivalent $/kWh unit measurement using the Grid Emission factor of 0.4192 as published by the Energy Market Authority (EMA). Hence, the unit Carbon Tax rate will be $ 0.002096 /kWh (i.e 5 x 0.419).
Carbon Tax Grid Emission factor link:
How will Carbon Tax charge be reflected in my electricity bill?
The Carbon Tax Charge will be a separate line item in your electricity bill. This will apply your electricity usage consumed from 01 Jan 2019.
Was your question not answered?
Please feel free to contact us and a member of our team will get back as soon as possible.