This forum from reviewers has been helpful during the comparison of operators.
Decided with the Fixed 24 months plan @17.98c per kWh package which is standard across some of the operators
Why Geneco ?
- no security deposit required
- there is a $25 bill rebate with online signup now during this xmas promo
- I'm using UOB One card for the recurring bill payment to enjoy additional rebate
check out their website https://www.geneco.sg/residential/promotions/ for more details
- The sign up process was fuss-free and quick. Now am pending for the start date to be on 12 Dec.
- I hope the above info has been helpful during your selection process and if you have decided to sign up at https://www.geneco.sg/residential/electricity-plans/
Please use my referral code 91732487 for us to earn $20 for the next bill
After going through a review on various providers below are my personal findings:
Between discount tariff and fixed rate, I chose fixed rate as the tariffs have been increasing since the beginning of the year and I forsee it will continue to rise. The current best fixed rate plan is at 17.98 which is lower than the discount tariff in the market. Current tariff is at 25.82 which SP charges and the most consistent discount tariff plan is at 21.8% lower which will set the tariff at 20.19.
For fixed rate, Geneco / Keppel / Sembcorp have the lowest rate at 17.98 (includes gst).
I ultimately chose Geneco 2 years fixed rate because it does not require security deposit and they absorbed the carbon tax of 1% which will take effect from next year. Sembcorp requires secuity deposit whereas Keppel does not absorb the carbon tax so the choices is quite clear for me.
On top of this, Geneco has a price match gurantee if other retailers offer lower rate and there is $20 Grab Voucher. You can use my referral code mobile 96616871 if you are keen and we both will enjoy $20 dollars off for the next bill!
ps: other retailers are offering different incentives but ultimately I chose one that is consistent in addressing the big chunk of our monthly household bills.
I had accidentally signed up online as I had been trying out the referral code and immediately informed Geneco to cancel my application. I received a confirmation from Geneco within the same day.
However, 7 days later, I received a letter from SP informing that the switch will take place 2 days later.
Geneco's unfair and coercive tactics are unacceptable and should not be allowed to continue as the opening of the electricity market involves a massive number of consumers.
I am warning consumers to be careful when signing up.
My electricity bill is cheaper now. It is also easier to check my bill because every month, geneco will send me email. I used to have issues tracking my SP bills and always end up paying late charges. Overall, I’m satisfied and happy!
Took the 12 months discounted plan. Selected Geneco because their website was clean, informative, cancellation penalty etc is reasonable and they gave good signup freebies. Coupled with additional rebate for UOB One card, I decided to sign with them. Also faced an issue because my card expired and auto deduction failed. Got through their cust service and issue was resolved quickly and painlessly. I'm very pleased with Geneco!
Cheapest in town. Signed fix rate of 15.99 cent. I hope can re-contract at this rate after 24months for loyalty customers. Referral program was gd too! Enjoy many 20 dollars vouchers for giant/coldstorage use!
Recently switch to Geneco fixed rate 16.20cents with 24 months contract, the lowest rate in the town.
Sign up with 15% off on first bill, $20 referral promotion and lucky draw spin up to $20 dairy farm voucher. Please PM me for referral code if interested to sign up. It is a hefty sum of money to save.
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