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Anonymous

05 Jan 2022

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Saving Hacks

Are there any recommended utilities company to subscribe to? (e.g. SP Power, Geneco)

Our 4-room HDB unit is currently using SP Power and Gas (yes). People have recommended switching to Tuas power or Geneco before as SP Power seems to be on the pricier end. Currently, the average monthly bill is about $135 excluding the months with subsidies/vouchers. Would like to know if anyone is able to shed some light! Thanks!

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Referral code: 97679963 (both of us will get $20 rebate)

Updated Promo code 25 MAR 2022!!!
1) promo code = GENECO50 for $50 off bill rebate for Get It Fixed 24 plan.
2) Up to S$40 rebate for recurring payment with a Citibank Card.
3) Up to S$35 rebate for recurring payment with a HSBC Card.

Review: I have been using Geneco since January 2019. The reasons why I chose Geneco:
1) They are very transparent in terms of price, no transmission loss charges, carbon tax absorbed, no hidden cost, no deposit required
2) They do a price match if you signed up for their 2 yrs plan. I emailed them to price match, and they responded fast- good after sales customer service
3) The bill is easy to read, simple, straightforward. My usual electricity bill is around $70. My current bill (based on entire cycle with Geneco) comes up to $44. This is 37% less than the average of $70. The bill has been quite stable as well, $40+ for the past few months.
4) They are one of the main providers and thus reliable. I would personally recommend the 2 years plan!
Total possible rebate= $50 (GENECO50) + $20 (Referral 97679963) + $40 (Citi credit card) = $110. A really good deal! :)

Quick and easy signup process for Sembcorp Power, and the best 12 month fixed price plan i could find (due to $60 signup bonus with ocbc card - as of 23 mar 2022- while other retailers only giving $10 for 12 month plan). Only thing i disliked was need for deposit (Senoko and Genoco whom i used before did not require that) Remember to sse referral code 2HM3WXYF for $20 bonus when u sign up!

A good place to begin with comparisons for the best choice is here: https://blog.moneysmart.sg/budge...

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