The Open Electricity Market (OEM) has allowed households to switch from SP Group to other retailers to trim their electricity bills. While this has been a fantastic ride so far, it would be even better if households can make the switch with certainty on the following:
- Knowing the unit rate to be paid across the entire duration of the contract
- Enjoying the highest saving rate across the type of plans available
With so many fixed rate plans being offered in the market, consumers actually need to look no further than Senoko Energy LifePower24 Fixed Rate Plan to get the most bang for their buck. It offers one of the highest cost savings for a fixed price 24-month contract.
Senoko Energy LifePower24 Fixed Rate Plan
Senoko Energy LifePower24 Fixed Rate Plan is a 24-month fixed price contract where consumers pay only 17.78₵/kWh (price includes GST) instead of SP Group’s current regulated tariff of 24.39₵/kWh. This extremely low unit price is fixed for the entire duration of the contract. Furthermore, additional savings are thrown in as well:
- $60 bill rebate;
- Up to $50 one-time cash rebate for recurring payments made at Senoko Energy’s partner banks;
- Up to 5% monthly bill rebate for recurring payments made with OCBC, Standard Chartered or UOB. Find out more about their bank partners here.
With such a low unit rate fixed across the duration of the entire contract, coupled with the excellent freebies thrown in, this makes Senoko Energy LifePower24 Fixed Rate Plan one of the lowest cost 24 months fixed rate plan in the market.
Highest savings amongst OEM Retailers for HDB 3/4/5 rooms, Condos and Landed properties
To illustrate why Senoko Energy LifePower24 Fixed Rate Plan is the lowest in town, let’s make a comparison across OEM retailers offering 24-month fixed rate plans based on SP’s average household electrical consumption.
Click on image to enlarge
Rates above are accurate as of 22nd May 2019.
Comparison are based on 24-month fixed rate plans with bill rebates factored, applied on national consumption patterns by dwelling types. Bank rebates are not yet included.
As seen in the above table, a comparable household staying in a 4-room HDB will enjoy 30.3% savings in electrical bills by switching from SP Group to Senoko Energy LifePower24 Fixed Rate Plan. The most important conclusion is that whether you are staying in a HDB 3-room or a condo apartment or even a landed house, Senoko Energy LifePower24 offers the highest savings rate amongst the OEM retailers compared. More importantly, Senoko Energy does not collect a security deposit when you make the switch.
Sign Up Now for up to $110 Bill Rebate
To milk the most out of this opportunity, consumers should quickly sign up for this limited-time promotion to enjoy up to $110 rebate. Hurry to lock in both the unit rate of your electricity bill and the greatest possible costs savings available in the market. Give your household the peace of mind and sign up with Senoko Energy LifePower24 Fixed Rate Plan now!
Legal Disclaimer: It is still important to exercise due diligence when choosing your retailer, so be sure to read the fact sheets and fine print.