Which Electricity Plan Is Best For Your Business In Singapore?
Fixed, Pool & Hybrid Plans
Which Electricity Plan is Best for Your Business in Singapore?
Running a large business comes with enough challenges; from manpower shortage to huge operation costs — but your electricity plan shouldn’t be one of them. At Flo, we get that every business has different energy needs. Here at Flo, we define our large business clients as businesses that consume more than 20,000 kWh of electricity monthly, and we have specially customised plans for these businesses to best cater to your energy needs.
That’s why we offer three different tailored plans to give large businesses in Singapore the flexibility they need: Fixed, Pool, and Hybrid. Whether you want cost predictability, market-driven savings, or a mix of both, we’ve got you covered.
Breaking Down Our Business Plans
"But what's the difference?", you might ask. Here’s a closer look at the three types of energy plans we offer for large businesses, how they work, and which one might be best suited for your business.
Fixed Rate Plan - for those who value Stability & Predictability ⚖️
With a Fixed Rate Plan, you lock in a set electricity rate for the duration of your contract. This means your business is shielded from market fluctuations, making it easier to forecast budgets and control energy costs.
How rates are calculated:
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Businesses are charged a fixed rate per kWh, regardless of the fluctuations in energy price.
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Example: If you lock in $0.25/kWh and consume 10,000 kWh/month, your electricity bill will be $2,500/month, no surprises there. Pretty straightforward, right? 😉
So, why should you choose this plan? This plan is ideal for businesses that need cost certainty. With energy prices constantly changing, businesses that operate on tight budgets or have predictable electricity consumption benefit the most from this stability. Fixed plans are great for businesses with set operational hours and a regular energy consumption pattern (e.g., retail stores, office spaces, and hospitality) as they avoid unexpected price hikes.
✅ Best for: Most large businesses looking for a simple, fuss-free plan, with predictable budgeting
❌ Potential downside: Might not benefit from lower market prices when electricity rates drop
Pool Rate Plan — for those who prefer Riding the Market 🌊
With a Pool Rate Plan, your electricity cost fluctuates based on Singapore’s wholesale electricity market. When demand surges, so do costs—but when prices are low, you save more. Demand and supply, baby~
How rates are calculated:
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Prices are based on real-time market rates, which can change every 30 minutes.
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Example: If the market rate varies between $0.18/kWh to $0.30/kWh, your bill could fluctuate between $1,800 and $3,000/month for 10,000 kWh/month usage.
So, why should you choose this plan? This plan is best suited for businesses that can adapt to fluctuating electricity costs and adjust their energy usage based on pricing trends. For example, businesses with flexible operations can schedule high-energy activities when market rates are low, allowing them to capitalise on potential cost savings.
If you realise this plan is not for you, you can still switch to our fixed or hybrid plan anytime with no penalty. Ultimately, we want our clients to benefit by making an informed comparison of our electricity plans.
✅ Best for: Businesses with low usage during peak hours, and can manage fluctuating costs and take advantage of lower rates
❌ Potential downside: Price volatility could mean higher bills during peak periods
Hybrid Rate Plan — for those who are looking for the Best of Both Worlds 🌍
A Hybrid Plan blends both Fixed and Pool rates, allowing businesses to hedge part of their energy consumption at a fixed rate while leaving the rest to fluctuate with market prices. This plan allows businesses to increase their fixed-rate percentage when the price is low for more savings.
How rates are calculated:
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A portion of your electricity usage is locked in at a fixed rate, while the remaining follows market rates.
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Example: If 50% of your 10,000 kWh/month is fixed at $0.24/kWh, and the rest follows market rates averaging $0.22/kWh, your bill would be around $1,200/month (fixed) + $1,100/month (pool) = $2,300/month.
So, why should you choose this plan? For businesses that want a mix of stability and flexibility, the Hybrid Plan helps manage risk while still allowing opportunities for savings in comparison to other plans. This plan is great for businesses that experience seasonal or fluctuating electricity demand, such as logistics companies, F&B chains, and mixed-use facilities.
✅ Best for: Businesses looking to capitalise on market opportunities
❌ Potential downside: Partial exposure to market fluctuations, resulting in higher prices during peak periods, but still lower than a pure Pool Plan
The Flo Commitment: 100% Renewable Energy for Your Business
No matter which plan you choose, we commit to match every kWh of your electricity usage with regional Renewable Energy Certificates (RECs) and redeem them on your behalf—at no extra cost. Signing up with Flo means that your business is actively supporting the transition to clean energy while keeping costs competitive, so you will always win regardless of wh plan you pick.
This commitment helps businesses in Singapore meet their sustainability goals without the hassle. You get to make a renewable energy claim in line with Singapore Standards 673 while showing customers and stakeholders that your business is part of the green energy movement.
So, Which Plan Should You Choose?
The best plan for your business depends on your budget, risk tolerance, and energy consumption patterns. At Flo, we know that no two businesses are the same—your energy needs depend on how you operate. That’s why we don’t believe in a one-size-fits-all approach.
Instead, we customise our plans so that every business benefits the most from a solution tailored to match their needs. Need help deciding what's best for you? Our team is here to guide you through the options and find the best fit for your business!