Why Pay Extra for electricity?
With the launch of the Open Electricity Market in 2018, gone are the days when you’d only get your electricity from SP Group. Now, you have the flexibility of choosing a retailer that offers the most attractive plans that best suit your lifestyle, while also helping to help lower your household bills.
Here’s why you should consider Senoko Energy’s plans, which offer wallet-friendly rates from as low as 20.05¢/kWh*, compared to the Q3 2024 SP Group tariff at 32.57¢/kWh *!
(Yes, they’re the people who brought BB Ong Lai and BB Ong Li to you.)
Did we mention that besides the lowest rates, you can also enjoy gifts worth up to $299, like a Tefal Ultra Air Fryer or a Dreame Hair Gleam High-speed Hair Dryer?
*Rates include GST.
But first, what is the Open Electricity Market?
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An initiative by the Energy Market Authority, the Open Electricity Market (OEM) allows for multiple retailers to come up with different plans (and offers!), in turn giving homeowners like you more flexibility when buying electricity.
The bottom line: you benefit from the competitive pricing.
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Senoko Energy is one such retailer you can switch over to if you’re currently with SP Group. The process is quick, easy and hassle-free without any service disruption.
In just five minutes, you can enjoy their lower rates alongside U-Save rebates and perks like the Smart Rewards Programme (more on this later)!
Rest assured that there’s no security deposit and no hidden fees either.
Electricity rates for as low as 20.05¢/kWh*, so you get the most bang for your buck depending on your usage
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Senoko Energy understands that different households have different utility needs; that’s why they have a flexible peak/off-peak plan for those of you who are only home late at night and use the power more heavily then.
Compared to the SP Group tariff at 32.57¢/kWh, Senoko Energy’s wallet-friendly rates for off-peak periods – from 11pm to 7am – start from as low as 20.05¢/kWh (including GST)!
While this number might seem like a mere difference in cents, it actually adds up to approximately $768.84 in savings over 24 months** – the cost of a return flight to Seoul!
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Source: Senoko Energy
They have all-day low fixed-rate plans for 12 and 24 months too, which are suitable for households with varying lifestyles and energy needs throughout the day.
This’ll make it easier for you to budget for your monthly bill, since you can make an estimate based on your average consumption. A great option if you work from home most of the time!
For a rough estimate of how much you can save based on your household’s energy consumption, try Senoko Energy’s savings calculator here.
*Rates include GST.
**Based on the national average use for a 5-bedroom flat.
For new homeowners only: lowest rates on the market AND housewarming gifts worth up to $10,000!
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If you’re a new or recent* home buyer, here’s some great news: register your interest to unlock Senoko Energy’s special secret rates, which are lower than all retailers’ published rates!
What’s more, stand a chance to win up to $10,000 worth of housewarming gifts such as a PRISM+ TV, a De’Longhi coffee machine, a Steigen clothes drying rack, or shopping vouchers from COURTS/Castlery.
*Applicable to new homeowners who have opened their SP accounts over the last 12 months.
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Source: Senoko Energy
Plus, Senoko Energy customers get to enjoy exclusive offers under their Smart Rewards Programme, ranging from home living to shopping and entertainment deals.
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For peace of mind, there is no security deposit or any other hidden costs when you switch from SP Group to Senoko Energy. You can continue using your GST U-Save rebates too!
Here’s a handy summary of all the good deals they have:
For new homeowners | For other homeowners |
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All prices are accurate at the time of publishing on 26 July 2024.