If you searched for a Sunseap electricity plan in Singapore in 2026, here is the short answer: there is no longer one to sign up for. Sunseap was a home electricity retailer that built its pitch on solar-backed green plans, but after EDP Renewables (EDPR) bought a 91% stake in February 2022 for SGD 1.1 billion, the business pivoted to large-scale solar and corporate power deals and exited residential retail. Its consumer solar-energy plans stopped being offered after 2023, and the brand now trades as EDP Renewables APAC. So this is less a 'which Sunseap plan should I pick' guide and more a 'your Sunseap plan is gone, here is exactly what to do next' guide for households in 2026.
Sunseap started in Singapore in 2011 as a solar developer and later became one of the retailers in the Open Electricity Market (OEM), the scheme that lets households buy power from a licensed retailer instead of the default SP Group tariff. Its hook was green: plans backed by solar generation and Renewable Energy Certificates, aimed at buyers who cared about where their electricity came from, not just the cents per kWh.
That changed when EDP Renewables, the Portugal-listed clean-energy giant, completed its acquisition of a 91% stake on 25 February 2022 in a deal worth SGD 1.1 billion (about US$813 million). EDPR was not buying Sunseap to fight over household electricity bills. It wanted the solar pipeline: rooftop systems on more than 3,500 buildings here, the SolarNova government tenders, and commercial-and-industrial (C&I) power purchase agreements. EDPR has since pledged to invest around SGD 10 billion across Asia-Pacific by 2030.
The practical result for ordinary households: the residential retail arm was wound down. Sunseap's consumer clean-energy plans were last offered around 2023, and there is no live home plan to sign up for in 2026. The website now sits under EDP Renewables APAC and points at solar and corporate offerings, not household contracts.
For context, since many people still type the name into Google, here is roughly what Sunseap offered households when it was an active OEM retailer. The pitch was a fixed-rate plan paired with solar-sourced energy, so you locked in a rate per kWh for the contract term and got a 'green' label on top. The exact rate moved with wholesale energy prices over the years, the same way every OEM retailer's pricing does, so any specific figure from a 2022 or 2023 review is now stale.
The thing to take from that history is structural, not the old number. Sunseap was a fixed-rate green retailer. If a green, fixed-price plan is what attracted you to Sunseap, that exact shape still exists in the OEM today from other retailers, often with the solar/REC element as an optional add-on. Our cheapest electricity retailer comparison walks through which providers still sell that structure and how the maths works against the regulated tariff.
With Sunseap out of household retail, you have two paths: stay on the SP Group regulated tariff, or switch to one of the remaining OEM retailers. The OEM has shrunk from a peak of about a dozen retailers to roughly six selling to homes today, and several have trimmed their sign-up perks.
The regulated tariff is set by SP Group every quarter under Energy Market Authority (EMA) guidelines. For 1 April to 30 June 2026 it is 27.27 cents/kWh before GST, or 29.72 cents/kWh with 9% GST, a 2.1% rise over the previous quarter. That GST-inclusive figure is the benchmark every retailer quote should be compared against, because some retailers advertise before-GST rates and some advertise after, which makes a headline number look cheaper than it is. If the GST treatment of a quote is unclear, ask the retailer to confirm the all-in cents per kWh.
| Option | Status | Indicative rate | Notes |
|---|---|---|---|
| Sunseap home plan | Discontinued | n/a | Residential retail exited after EDPR buyout; brand now EDP Renewables APAC |
| SP Group regulated tariff | Default, always available | 29.72c/kWh (incl. GST), Q2 2026 | No contract, no switching; set quarterly by SP under EMA rules |
| OEM fixed-price plan | Available | Around 28.80c/kWh (e.g. Geneco), incl. GST | Lock a rate for 12-24 months; check early-termination charge |
| OEM discount-off-tariff | Available | About 26c/kWh effective at 12% off (e.g. Keppel SURESAVE DOT) | Tracks the regulated tariff; some plans are no-contract |
These are the two plan shapes that matter once Sunseap is off the table. A fixed-price plan locks a flat rate per kWh for the whole term, so you are insulated if the regulated tariff climbs, but you lose out if it falls. A discount-off-tariff plan gives you a fixed percentage off whatever the SP tariff is each quarter, so it always undercuts the default by the same margin but still moves with the tariff.
Sunseap's draw was buying 'solar' electricity, but it helps to understand what that actually meant. No retailer can route physical solar electrons to your specific flat, the grid is one shared pool. 'Green' plans work by buying Renewable Energy Certificates (RECs) equal to your consumption, which fund renewable generation elsewhere. That is what Sunseap did, and what every green plan in the OEM still does today.
If matching your home's footprint with renewables is the goal, you can replicate Sunseap's offer by choosing any current OEM retailer that sells a green add-on or REC-backed plan. The premium over a standard plan is usually small. If you actually want to generate solar at home and own a landed property or strata roof rights, that is a separate decision about installing panels rather than buying a retail plan, and the payback maths depends heavily on your roof, usage, and upfront cost. Run the numbers on your monthly spend first with our budget calculator before committing to either.
Switching is genuinely low-friction in Singapore. You do not change wires, meters, or risk a blackout, SP Group still delivers the power and handles outages regardless of your retailer. You are only changing who bills you.
No. Sunseap stopped offering residential electricity plans, with its consumer clean-energy plans last available around 2023. After EDP Renewables bought a 91% stake in February 2022, the business shifted to large-scale solar and corporate power deals, and the brand now operates as EDP Renewables APAC.
EDP Renewables (EDPR) completed its acquisition of a 91% stake in Sunseap on 25 February 2022 in a deal worth SGD 1.1 billion (about US$813 million). EDPR wanted Sunseap's solar development pipeline and commercial contracts rather than its household retail arm, which was wound down.
Use the SP Group regulated tariff as your benchmark. For 1 April to 30 June 2026 it is 29.72 cents per kWh including 9% GST. Any retailer quote should be converted to a GST-inclusive figure and compared against this number before you decide it is cheaper.
Choose an Open Electricity Market retailer that offers a Renewable Energy Certificate-backed or green add-on plan. That replicates what Sunseap did, since no retailer can deliver physical solar power to a single home; green plans fund renewable generation elsewhere to match your usage.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.