Ohm Energy Review

For those who are still hesitating on whether to switch to Ohm, I have collated all our previous blog posts on why you should choose Ohm, also known as Ohm Energy:

Website: https://ohm.sg/price-plans-select

*Ohm Promo Code: OHMREF25CC5A

  1. Ohm vs Geneco vs Tuas Power vs Keppel
  2. Fixed Ohm vs Ohm Discount
  3. Ohm Electricity Review
  4. Ohm $20 Promo Code: OHMREF25CC5A

The sooner you switch to Ohm, the more money you will save. Do help your older relatives (who may not be computer literate) switch to Ohm as soon as possible. There is literally zero benefit in staying with SP services as it is definitely more expensive.

A typical family would see about 20%-30% monthly savings in electricity bill (see this news article).

*Ohm Promo Code: OHMREF25CC5A

Ohm vs Geneco vs Tuas Power vs Keppel

*Ohm Promo Code: OHMREF25CC5A

Firstly, just a disclosure that I am a happy customer of Ohm since 1 Nov 2018 (see my Ohm review blog post). Everything, from payment to electricity supply, is virtually perfect and hassle-free. It is very easy and quick to sign up online.

The purpose of this blogpost is to compare Ohm vs the other major electricity providers. All conclusions will be supported by factual numbers from the respective official websites, as far as possible. The final decision will be entirely up to you, the reader. If you decide to choose Ohm, do use the below discount coupon code to enjoy $20 savings:

*Ohm Promo Code: OHMREF25CC5A

Note that there are many price plans (fixed, discount off tariff, etc.) hence we will only be comparing discount plans for convenience (very popular and cost-effective plan for most users). Discount plans essentially guarantee that you will be paying less than if you stayed with SP Services. For Fixed Plans there is a small but nonzero risk that the SP Services Tariff may drop so much that your Fixed Plan is more expensive than the SP Service Tariff.

One important thing to note is that:

Ohm absorbs the transmission loss. (Basically electrical energy is lost as heat while traveling through the cable, Ohm absorbs this and charges consumer based on metered usage. This is worth approximately 3.4% savings.)

Source: https://mathtuition88.com/2018/11/01/ohm-20-promo-code-ohmref25cc5a/ which is in turn taken from https://www.ohm.sg/news.

Ohm vs Geneco

For many reasons, Geneco is the number one comparison made to Ohm, due to several similarities (they both have a strong online presence and referral program).

Ohm has an upper hand in the discount-off tariff rate, since the Ohm Discount is 25% off SP (Singapore Power) tariff, while Geneco’s discount is 22% off tariff.

(By the way, we have a detailed analysis of why Ohm Discount is currently better than Fixed Ohm: Fixed Ohm vs Ohm Discount.)

To top it off, there is additional 1.5% discount when you renew your Ohm discount plan:

12-month Ohm Discount – Additional 1.5% discount on prevailing 12-month Ohm Discount rate (at point of renewal) throughout Supply Term

Source: https://ohm.sg/promotions

Ohm Discount off tariff is 25%.
Geneco discount rate is 22%.

Conclusion: Ohm (King of “Discount-off Tariff” Plans) wins!

Ohm vs Tuas Power

Tuas Power, similar to Geneco, has a 22% off tariff plan. To their credit, Tuas does have a 1% cashback plan with POSB Everyday Card.

Simple math will tell you that Discount Ohm (25% + 1.5% upon renewal) is still better in this case.

22% Discount off Tariff for Tuas Power.

Conclusion: Ohm (King of “Discount-off Tariff” Plans) wins!

Ohm vs Keppel

Keppel electric also has 22% off tariff plan.

Keppel Electric 22% off tariff plan.

Conclusion: Ohm (King of “Discount-off Tariff” Plans) wins!

As you can see from the screenshots above (taken from the actual official websites), the Discount Ohm plan is virtually unbeatable in the Singapore market in the “Discount-off Tariff” category.

To be fair, we need to state that the Fixed Ohm plan may not be the very best in Singapore, but is still very competitive nonetheless (just a few cents off the cheapest in Singapore).

Do share this with your relatives/friends who are about to switch electricity providers! It just takes 10 minutes of your time, but can save potentially thousands of dollars.

Ohm website: https://www.ohm.sg/price-plans-select

*Ohm Promo Code: OHMREF25CC5A

Ohm vs Other Electricity Providers

As of 3 Oct 2019, there are 12 electricity retailers (https://blog.moneysmart.sg/budgeting/open-electricity-market-singapore/):

  1. Best Electricity Supply Pte Ltd
  2. Diamond Energy Merchants Pte Ltd
  3. Geneco (by Seraya Energy Pte Ltd)
  4. iSwitch Pte Ltd
  5. Keppel Electric Pte Ltd
  6. Ohm Energy Pte Ltd
  7. PacificLight Energy Pte Ltd
  8. Sembcorp Power Pte Ltd
  9. Senoko Energy Supply Pte Ltd
  10. Sunseap Energy Pte Ltd
  11. Tuas Power Supply Pte Ltd
  12. Union Power Pte Ltd

Basically, you will need to check up one by one, to see their updated plans and how they compare to Ohm. Remember to check for the fine print and see if they absorb transmission loss or not (that alone is worth 3.4% savings, which Ohm provides). Ohm is very transparent in their plans, which is another plus for Ohm — they do not hide important details in “fine print”.

Some plans are very fanciful (e.g. free tablet computer, iPad, etc) but do not provide best value for money. It is much better to stick with a plain plan that provides maximum savings (e.g. Discount Ohm), and use the savings to buy the free gift/iPad yourself if you really want it.

Basically, anyone who really sits down and do the number-crunching can tell that Ohm (in particular Discount Ohm) is a very good choice and one of the best in Singapore. How Ohm achieves this is they spend low on advertising (you will never see a Ohm promoter on the streets asking you to sign up). With those savings in advertising costs, they pass it on to the consumer (you) in terms of lower prices.

Ohm website: https://www.ohm.sg/price-plans-select

*Ohm Promo Code: OHMREF25CC5A

Ohm Energy Referral Competition (2 Dec 2019 – 2 Feb 2020)

Just to share this Ohm Energy Referral Competition. If you are not a Ohm electricity user, sign up using the promo code OHMREF25CC5A now to begin the competition!

Also read my blog article explaining why Ohm is the best electricity supplier in Singapore: Ohm $20 Promo Code: OHMREF25CC5A.

We would like to thank you again for giving us the highest rating in the Energy Market Authority’s Customer Satisfy Survey. To show our appreciation, we will be rolling out 3 concurrent competitions from 2nd December 2019 with attractive cash prizes up for grabs.

Your Personal Referral code is: OHMREF25CC5A

Do access our Customer Portal Login to verify your referral code.

1. All-in Referral Competition (“All-in”) – All referral registered from the start of the Open Electricity Market soft launch on 1 April 2018 through 2nd February 2020 will be counted towards the prizes.

2. Fresh Referral Competition (“Fresh”) – All referrals registered between 2nd December 2019 through 2nd February 2020 will be counted towards the prizes.

At the end of the competition, the Top 10 referrers from each category, All-in and Fresh, will win cash prizes from Ohm according to the table below.

“Fresh Competition” Cash Prize “All-in Competition” Cash Prize
Top Referrer S$1000 S$1000
2nd Place S$500 S$500
3rd Place S$300 S$300
4th – 5th Place S$200 S$200
6th – 10th Place S$100 S$100

3. Periodic winners – We will also select a winner for six interval periods. The counter will reset every period and we will pick the customer with most referrals registered in that period. In the event of a tie, the award will be divided equally amongst the winners:

Period 1: 02 Dec 2019 to 15 Dec 2019 – S$40 cash prize

Period 2: 16 Dec 2019 to 29 Dec 2019 – S$50 cash prize

Period 3: 30 Dec 2019 to 12 Jan 2020 – S$60 cash prize

Period 4: 13 Jan 2020 to 19 Jan 2020 – S$80 cash prize

Period 5: 20 Jan 2020 to 26 Jan 2020 – S$90 cash prize

Period 6: 27 Jan 2020 to 02 Feb 2020 – S$100 cash prize

For all 3 competitions, eligible referrals must be keyed into the promotion code field at the point of registration as we are unable to retrospectively change or input referral codes. A referral is only eligible if we can detect that it has been applied in our systems and the customer’s transfer is confirmed by SP Services. Any manual credit to an account will not be counted as a referral.

Do visit our existing Referral Programme Terms and Conditions at Refer Us to A Friend and Ohm Referral Competition Terms and Conditions here for more details.

We wish you the best of luck and a great festive season!

Warm Regards,
Team Ohm

Fixed Ohm vs Ohm Discount

Many people have decided to switch to Ohm electricity, but are still confused which plan to take. The two best plans are Fixed Ohm and Ohm Discount.

Personally, I think Ohm Discount is the better one, with this blog post detailing my calculations: Ohm $20 Promo Code: OHMREF25CC5A.

*Ohm Promo Code: OHMREF25CC5A

After extensive research, I find that Ohm is one of the best alternative electricity suppliers. Choose either Fixed Ohm or Discount Ohm depending on your likings. I chose Discount Ohm as I have a feeling that the tariffs may drop. Fixed Ohm is also very good, and in fact better if tariffs rise.

The blog MoneySmart have also made their calculations and concluded that at this point in time, Discount Ohm is superior to Fixed Ohm.

Ohm Energy’s discount of 25% off is the best in the market, compared to other retailers who are offering only 22% or 23%. Yup, this means your bill will always be 25% less than whatever SP charges, which sounds awesome.

Right now, the tariff is 25.07¢ for Oct to Dec 2019, which actually makes the Ohm Discount plans cheaper than their fixed price plans, quite the anomaly in the electricity market.

Source: https://blog.moneysmart.sg/budgeting/ohm-energy-review/

Simply Ohm vs Market Ohm review

Other than Ohm Discount and Fixed Ohm, there are actually two other plans Simply Ohm and Market Ohm. Without going into too much details, we may just say that these two plans are not nearly as good as Ohm Discount or Fixed Ohm. You may read the MoneySmart article above for more details, basically they are more expensive in most cases for the average consumer.

Conclusion: Ohm Discount is Clear Winner, followed by Fixed Ohm

For the average consumer, it is safe to say that Ohm Discount is the plan you should go for. Both my blog article on Ohm, and MoneySmart comes to this exact same conclusion.

Fixed Ohm may be actually better in the event that tariffs start to rise significantly, but in the near future that does not seem to be happening (based on the trends). Simply Ohm and Market Ohm are very specialized plans targeted at very special cases, currently they are no match for Ohm Discount nor Fixed Ohm.

Do sign up for Ohm now using the promo code below!

*Ohm Promo Code: OHMREF25CC5A

Ohm Electricity Review

I have been using Ohm as my electricity supplier since 01 Nov 2018. So far everything has been going 100% super smoothly. Cheaper electricity bills, and integrated billing system with SP services. Ohm has been processing everything efficiently in the background.

Their website design is super sleek and modern. Very easy to use.

*Ohm Promo Code: OHMREF25CC5A

Highly recommend everyone to go with Ohm as their electricity provider. Just spend 10 minutes of your time to switch now, the potential savings in the long run can add up to hundreds if not thousands of dollars. Good thing is everything is online, there is no need to go down to any location nor any physical paper work. It is also applicable to citizens, foreigners, PR, basically anyone who lives in Singapore.

If you have an extensive network of friends/relatives, their referral network is also amazing for you. You will get $20 off your electricity bill (and your friend too), with no upper limit and no expiry date. Imagine, if you have 500 loyal facebook friends who sign up through you, you will get $10k off your electricity bill, which may be enough to last your entire lifetime in most cases.

See my detailed review and also promo code here: Ohm $20 Promo Code: OHMREF25CC5A

*Ohm Promo Code: OHMREF25CC5A

After extensive research, I find that Ohm is one of the best alternative electricity suppliers. Choose either Fixed Ohm or Discount Ohm depending on your likings. I chose Discount Ohm as I have a feeling that the tariffs may drop. Fixed Ohm is also very good, and in fact better if tariffs rise.

Ohm $20 Referral Code: OHMREF25CC5A

*Ohm Referral Code: OHMREF25CC5A

Ohm has just improved their discount off tariff rate to 25%! Their fixed rate is also improved! Previously Ohm was good, now it is fantastic!

Read my previous review of Ohm at: Ohm $20 Promo Code: OHMREF25CC5A

Dear Customer,

Thank you for trying us out. We are glad that you have chosen Ohm as your preferred electricity retailer.

Our mantra is to keep prices competitive and not disadvantage customers who have signed up earlier. We still maintain the same view. Since the start of the Open Electricity Market (OEM) on 19 March 2018, we have kept our prices consistent in spite of the increase in Brent prices. After consideration, we realised that we are able to introduce additional savings to our customers and so, from 1st January 2019, we will be updating various Price Plans. The intention of this email is to inform you that although we are updating our prices, if you are still on our 3-month trial, you would be eligible to switch to any of our other price plans, you can choose to do so on our customer portal. at www.ohm.sg.

Our Fixed Ohm Price Plans will be lowered to the following prices (inclusive of GST):

6-Months Fixed Ohm: From 20.01 cents/kWh to 18.35 cents/kWh
12-Months Fixed Ohm: From 19.58 cents/kWh to 18.03 cents/kWh
24-Months Fixed Ohm: From 18.14 cents/kWh to 17.98 cents/kWh

Our Ohm Discount Price Plans will be updated to the following prices:

6-Months Ohm Discount: From 20% discount off Regulated Tariff to 25% discount off Regulated Tariff
12-Months Ohm Discount: From 22% discount off Regulated Tariff to 25% discount off Regulated Tariff

Below is a Quick Guide on the price plan change process:

1. Go to our website at www.ohm.sg and click on Login at the top right-hand corner. If you have forgotten your password, you can reset your password through the “Can’t remember your password” link.

2. When you have logged into Customer Portal, Go to the “Electricity Price Plan” tab.

3. Select “Change my Price Plan”.

4. You will be redirected to our webpage by clicking on the “leave” button.

5. Select the Price Plan of your choice on the left top corner on the price plan page (e.g. 24-months Fixed Ohm). Click on “Change Ohm Now”, your current information will be auto-populated.

6. You will then reach the confirmation page, click “confirm & verify” to accept.

7. If you face any issues or you are required to re-enter the information, you can refresh the screen by clicking on your account name on the top right-hand corner.

Should you have any questions during the change process or have other general questions about the electricity market, please do let us know and we will be happy to assist you.

#TeamOhm would like to thank you for a great 2018 and an even better one in 2019. Happy New Year!

Team Ohm

Price Plan Change Summary for Fixed Ohm and Ohm Discount

Fixed Ohm Price Plan (Inclusive of GST)

Current Price (cents/kWh) NEW Price (cents/kWh)
6 Months Contract 20.01 18.35
12 Months Contract 19.58 18.03
24 Months Contract 18.14 17.98

Ohm Discount Price Plan

Discount off Regulated Tariff Discount off Regulated Tariff)
6 Months Contract 20% 25%
12 Months Contract 22% 25%

Ohm Electricity Review

Do check out our Ohm Electricity Review at: Ohm $20 Promo Code: OHMREF25CC5A.

It includes 5 strong reasons to choose Ohm as your electricity provider!

*Use my Ohm Referral Code to get $20 off: OHMREF25CC5A

Ohm Website “Flickering” or Refreshing?

Official Solution: Hi, the cause is most likely due to a cache and time-out issue. You could clear the cookies and cache, close off all the browsers and open that up again. Alternatively, you can also use a private “incognito browser” if you are using Chrome as your browser. Let us know if you still face issues and we will be happy to assist. Thank you, Team Ohm.

Ohm Energy: Free second electricity bill

Dear customer,

Thank you for choosing Ohm and successfully signing up with us from 1 November 2018. To show our appreciation, your second electricity bill for the premises you registered with us is free.

You will also find more information on the Terms and Conditions of this Promotion (OhmNow and Save) on our website. If you have any questions or concerns, please contact our friendly Customer Care at 1800-835-6463 or customer-care@ohm.sg for further assistance.


Team Ohm

Ohm $20 Promo Code: OHMREF25CC5A

*Ohm Promo Code: OHMREF25CC5A

After extensive research, I find that Ohm is one of the best alternative electricity suppliers. Choose either Fixed Ohm or Discount Ohm depending on your likings. I chose Discount Ohm as I have a feeling that the tariffs may drop. Fixed Ohm is also very good, and in fact better if tariffs rise.

Benefits of Ohm:

  1. Their discount off tariff rate is currently the best at 22% (Update: discount is now 25%)!
  2. Very smooth transition as they are partners with SP group. For instance, there is no need for any paper work nor additional payment of deposit.
  3. Very nicely done website. Signing up is immediate, just fill in some personal details online and you will get the Welcome Email in less than 15 minutes.
  4. Ohm absorbs the transmission loss. (Basically electrical energy is lost as heat while travelling through the cable, Ohm absorbs this and charges consumer based on metered usage. This is worth approximately 3.4% savings.)
  5. 3-month trial period. If within 3 months you decide to change plans, there is no penalty. Hence, you are not locked in to a fixed price which may turn out to be undesirable.

Use my Ohm Referral Code to get $20 off: OHMREF25CC5A

Fixed Rate vs Discount off Tariff

Currently (1st November 2018), Ohm fixed rate is 18.14 cents/kWh (incl. GST) while the Discount off Tariff (22%) is effectively 20.14 cents/kWh (incl. GST).

However, it is not impossible for the SP Tariff to drop (see graph below). If the SP Tariff drops, say to 20.20 (excl. GST) which is the Jan 2017 price, then 22% Discount off Tariff would be effectively 16.86 cents/kWh (incl. GST) which beats the fixed rate! (Working: 20.20 x 1.07 x 0.78=16.86)

Nobody knows for sure whether the SP Tariff will drop as it depends on a lot of complex factors including oil price, etc. However, currently with 12 electricity providers in a small country like Singapore, there is a great deal of competition, and SP is likely to lower its price to remain competitive.

Historical SP Tariff (excluding GST). Source: SP Group

Conclusion: Choose Ohm

Everyone should change a supplier in the open electricity market for savings. There are no drawbacks of doing so. In particular, there is no such worry of “blackouts” or “unreliable electricity supply” as SP group is still operating the national power grid.