Find Your Lowest Business Electricity Rate in Just 15 Minutes
Watch licensed retailers compete to offer you the best rates on our zero-fee, live reverse-auction platform. Just register, send us your latest bill, review and sign the winning offer once the auction is over!
Find Your Lowest Business Electricity Rate in Just 15 Minutes
Watch licensed retailers compete to offer you the best rates on our zero-fee, live reverse-auction platform. Just register, send us your latest bill, review and sign the winning offer once the auction is over!
Check if your business qualifies for an Electricity Auction
Just answer a few quick questions, and we will recommend the best next steps.
A Partner You Can Trust
Operated by Energy Market Company, an SGX subsidiary licensed by the Energy Market Authority.
20 years
The number of years we have been in the electricity business
$10+ Billion
The value of electricity products we transact on average annually
2014
The year we became a wholly-owned subsidiary of SGX
Is PowerSelect Right for You?
Our live electricity plan auction is ideal for firms seeking market-wide competition without the hassle of manual sourcing
Commercial Landlords & REITs
Combine meters from multiple buildings to win lower bulk rates and reduce operational costs.
Hotels & Hospitality Groups
Lower utility spend without affecting guest comfort; every bid is time-stamped and stored, giving you transparent documentation for internal reviews and external audits.
Data Centres & Technology Parks
Lock in competitive rates quickly. Secure round-the-clock power for high-density server operations in a single 15-minute auction.
Manufacturing Plants & Cold-Storage Facilities
Turn high baseload consumption into a cost advantage while shielding against fuel-price volatility.
Wholesale Food Importers
Stabilise refrigeration costs and protect per-kilo margins—even during price spikes.
Property Developers & Institutional Investors
Secure bulk rates early to offer lower running costs to future tenants or buyers.
Licensed Electricity Retailers Competing for Your Business
Start Saving in 3
Simple Steps
PowerSelect’s Streamlined Activation Process
01
Register an Account
Create your account by clicking the ‘Register’ button and completing the online form.
02
Submit you Request
Sign in to PowerSelect and submit a request to start a Live Auction or Invitation to Tender.
03
Complete the Purchase
After the auction or tender, complete the purchase by signing a contract with the winning electricity retailer.
Watch Prices Fall in Real Time
*Subject to each auction
Watch Singapore’s Only Multi-Retailer Reverse Auction in Action
Secure Your Best Possible Energy Rate in Just 5 Days
Day 1
Account Setup
- Register securely using your company UEN and work email.
- We will guide you through uploading your recent electricity bills to establish your consumption pattern.
- You will then specify your desired contract terms and select which retailers you would like to participate in your auction.
Day 2 - 3
Auction Preparation
- Our expert team analyses your energy consumption profile to optimise auction parameters.
- We will review contract specifications to ensure they match your needs, set competitive reserve prices, and verify all participating retailers meet qualification requirements.
Day 4
Live Auction Event
- Watch as retailers compete in real-time during our 15-minute reverse auction.
- Monitor live bids as they come in, ensuring you get the best possible price.
- Once complete, You will receive instant notification of your results.
Day 5
Contract Finalisation
- We will help coordinate your supply commencement date and contract signing, ensuring a smooth transition to your new rates.
- If desired, you can include Renewable Energy Certificates in your contract.
Why Industry Leaders Choose PowerSelect
Traditional Procurement vs. PowerSelect’s Auction Platform
| Procurement Aspect | Traditional Method | PowerSelect Advantage |
|---|---|---|
| 📊 Time Investment | 🗓️ 4–6 weeks | ⏰ 15 minutes |
| 🫲🏼 Retailer Participation | 🛒 Commonly relies on a “best-of-3-quotes” approach to procurement | 🛒 Real-time bidding with multiple licensed electricity retailers |
| 🔥 Price Discovery | ⚡️ Static quotes | 📈 Dynamic live bidding |
| 📝 Contract Terms | 🤝🏻 Individual negotiation | 📋 Customised to your requirements |
| 📈 Market Insights | ⌛ Limited visibility | ⏱️ Real-time data access |
| ♻️ Sustainability Options | 🔄 Separate process | ☰ Integrated REC options |
4 Core Benefits of
PowerSelect
01
Market-Wide Competition
- All 8 licensed retailers
- Real-time price discovery
- Automated bid extensions
- Maximum market exposure
02
Enterprise-Grade Security
- Developed by Energy Market Company (EMC), a wholly-owned subsidiary of Singapore Exchange.
03
Operational Excellence
- Automated workflows
- Expert support team
- 5-day average completion
04
Zero Platform Costs
- No registration fees
- No success fees
- No hidden charges
- No long-term commitments
- 100% free for buyers
Power Your Business Sustainably
Tap into our integrated Renewable Energy Certificates (RECs) offering and prove every megawatt you buy comes from a verified green source.
See How Other Businesses Cut Their Electricity Costs
See How Businesses Like Yours Save on Energy
We like the fact that we didn’t have to pay any fee or deposit to use PowerSelect. We were also able to set our contract parameters based on our business needs – like the reserve price, duration of contract, and electricity retailers we wish to invite to participate in our Live Auction.
We are impressed with the savings that PowerSelect live auction has helped us achieve. We are happy with the PowerSelect team who understood our needs and worked closely with us to meet our requirements.
We are very pleased with the results of the PowerSelect Live Auction. It not only helped us secure a better electricity package, it also shortened our electricity procurement process significantly.
Start Your Live Auction Now
Register with PowerSelect, operated by Energy Market Company, an SGX subsidiary, and use the platform free of charge.
Get in Touch with Us
Office Hours
Monday to Friday - 8:30 a.m. to 6 pm
Saturday & Sunday - Closed