Switch and save over $800 on your electricity bills while working from home

Switch and save over $800 on your electricity bills while working from home

16 July 2020

This article was originally published on The Straits Times on 16 July 2020.

It only takes three simple steps to stack your savings.

The circuit breaker is over and Singapore has entered Phase 2 of its reopening. With the resumption of popular activities such as dining in and retail shopping, many of us are adjusting to life in the new normal.

Covid-19 has fundamentally changed the way we live. In particular, many of us are now staying home more often, whether it is out of necessity (such as working from home arrangements) or protecting ourselves and our loved ones. This change in lifestyle has caused our electricity consumption at home to spike.

How To Save On Electricity Bills While Working From Home

Household electricity consumption has jumped 22% during Singapore's circuit breaker

According to a recent article in The Straits Times, household electricity consumption in the month of May jumped 22 per cent as compared to February, the Energy Market Authority and national grid power operator SP Group reported.

Hotter weather earlier this year resulted in increased use of fans and air-conditioning, and more people were also using electronic devices while staying at or working from home. This further increased power consumption, an EMA spokesperson said.

WHAT YOU CAN DO

As household electricity consumption looks set to remain high in the long term, we can expect more expensive bills. If you are worried about rising household expenses, take these three easy steps to maximise your savings now:

Step 1: Make the switch

Still buying electricity from the SP Group at the regulated tariff of 20.97 cents/kWh? Consider switching to an Open Electricity Market retailer instead. Fixed rates can go as low as 17.18 cents/kWh, which is offered by Senoko Energy’s LifePower12 plan. Here’s a calculation of how you could potentially save over $800 on your bill (over 24 months) by making the switch to Senoko Energy.

Step 2: Stack your savings with a credit card

Senoko Energy has also partnered with UOB credit and debit cards to offer customers extra savings.

From now till Sept 30, enjoy an $80 rebate on any of Senoko Energy’s 24-month plans by applying the promo code UOBMUSIC80 and setting up a recurring electricity bill payment with UOB cards. Alternatively, if you are only looking for a 12-month plan, you can receive a $35 bill rebate by using the promo code UOBMUSIC35 and setting up a recurring bill payment too.

Recurring Senoko bill payment with UOB Cards 

Whichever plan you choose, you can earn an additional $30 rebate by stacking a referral code on top of any plan.

Setting up a recurring bill payment can be easily done on Senoko Energy’s online portal and once completed, saves you the hassle of making monthly electricity bill payments.

If you are looking for even more savings, UOB One credit cardholders can also enjoy an additional rebate of up to five per cent on all spend, including Senoko Energy bills.

Don’t have a UOB credit card? Click here to apply now and enjoy up to $230 cash credit! Terms and conditions apply.

Step 3: Reap all the rewards

Earn rewards with Senoko Mobile App

Senoko Energy also rewards their customers with extra savings via their Senoko Smart Rewards programme. Customers can enjoy monthly giveaways such as $10 GrabFood credits, participate in lucky draws to win prizes, and enjoy other merchant discounts. These rewards can be easily redeemed on the Senoko Energy mobile app.

And don’t forget to keep the referrals coming. Each one for Senoko Energy earns you a rebate of $30 off your electricity bill — one of the highest referral rebates offered among OEM retailers.

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