Budgeting

Singtel Power – How This New Reseller Can Help You Save On More Than Just Your Electricity Bill

singtel power geneco electricity provider

Joanne Poh

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This post was written in collaboration with Singtel. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective lens. We are committed to providing the best recommendations and advice in order for you to make personal financial decisions with confidence. You can view our Editorial Guidelines here.

Paying bills is an unavoidable part of life. In the spirit of making lemonade when life gives you lemons, it pays to find ways to lower your bills.

That’s where Singtel Power and Geneco comes in.

Geneco’s parent company is YTL PowerSeraya, who is one of the first and largest power generating companies in Singapore.

Unlike other electricity retailers, having its own power plant gives Geneco the ability to keep your electricity bills low for you each and every month. Their Get It Fixed 36 3-year plan is one of the most competitive 36-month electricity plans on the market in Singapore now.

But what’s even better, Singtel and Geneco have now teamed up to enable you to not only enjoy lower electricity bills but also receive exclusive Singtel discounts.

The electricity retailer scene being quite volatile means there may be a risk of going with smaller known retailers that may exit the market any time.

With established companies like Singtel Power and Geneco, you won’t be caught in a situation with having your chosen electricity provider closing down and leaving you in the lurch.

 

How much do Singtel Power’s electricity plans cost?

Here’s a rundown of the Geneco electricity plans available through Singtel Power.

Name Get It Fixed 36 Get It Fixed 24 Get It Less 24
Duration 36 months 24 months 24 months
Type Fixed rate Fixed rate Percentage discount off regulated tariff
Price (including GST) $17.78 per kWh $17.78 per kWh 22% off regulated tariff
Other perks Price match guarantee
Security Deposit No No No

For fixed rate plans, you pay the same price regardless of fluctuations in the energy market. You can thus lock in a favourable rate for the duration of your contract.

With both the 24 month and 36 month plan, you can save 30% against the regulated tariff rate of 25.52 cents per kWh.

 

What further discounts and rebates do Singtel Power customers enjoy?

By signing up for Geneco electricity plans through Singtel Power, you’ll get to enjoy exclusive promotions on Singtel products and services.

Here are some of the deals you can already enjoy:

 

Geneco Anniversary Deal

Geneco is celebrating their anniversary in March by giving up to $60 rebate, which is a one-time deal you can use to offset your first bill. It’s dished out on a first-come-first-served basis, and limited to the first 5,000 sign-ups.

 

Additional Singtel promotions for Singtel Power

As a Singtel Power customer, there are attractive bundles that you stand to benefit from.

If you buy a Geneco Plan with Singtel Power and any Combo 2 mobile plan and above, you get $100 off any phone.

Looking to add on a fibre broadband deal? If you get the Geneco Plan with Singtel Power and combine this with any Combo 2 mobile plan and 1 Gbps Fibre Broadband, you get $199.90 in savings:

  • $150 off any phone
  • 1 free month of 1Gbps Fibre Broadband worth $49.90

With the Geneco Anniversary deal, that adds up to be $259.90 in one-off savings on top of the 30% savings against the regulated tariff rate when you sign up with Singtel Power.

 

Switching electricity providers is easy as pie

So long as the Open Electricity Market has already been rolled out in your area, you no longer need to stick with SP Group as your electricity provider. The option to switch is now open for residents with postal codes starting with 34 to 83.

Switching electricity providers does not interrupt your electricity supply. The transition is designed to be quick and totally seamless. Your household will not even know you’ve made a switch if you don’t tell them.

All you have to do is sign up and then sit back while Singtel Power handles the transfer on their end. This process typically takes 2 to 4 weeks.

Sign up for Singtel Power here and take advantage of their latest promo.

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Joanne Poh

In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.