Households nationwide could save up to 30% on power bills

SINGAPORE, April 16, 2019 — Singtel and Geneco announced a partnership to offer Geneco electricity plans. Singtel has released these plans through Singtel Power already at the start of the year.

Residential consumers can select from a range of electricity plans that offer monthly electricity bill savings of up to 30% on prevailing regulated tariffs. Customers who switch from their current provider will experience a smooth transition with an uninterrupted electricity supply.

This partnership merges Singtel’s extensive customer reach as the leading consumer services provider in Singapore, with Geneco’s experience as the retail arm of YTL PowerSeraya, Singapore’s second largest power generation company.

With Singtel Power, Singtel aims to provide Singapore households with greater value, choice and flexibility. In addition to savings on power bills, customers can also expect discounts on fibre broadband subscription and mobile handset purchase.

“We are excited to be a convenient one-stop shop for their power and communication needs,” said Mr Yuen Kuan Moon, Chief Executive Office, Consumer Singapore, Singtel.

Geneco recognises that with great partnerships, good energy becomes even better. By working with Singtel, they aim to offer Singaporeans easy access to better energy plans, with the option of value-added services from Singtel.

“The partnership allows us to tap into Singtel’s extensive customer reach as part of our “Power the Change” vision to build a sustainable energy future for Singapore,” said Mr Yeoh Keong Hann, Executive Director of YTL Power.

Households can choose from three Geneco plans, Get it Fixed 24, Get it Fixed 36 and Get it Less 24, and enjoy exclusive Singtel promotions. To start, new Singtel Power customers who also sign up or re-contract on a Singtel 1Gbps fibre broadband plan will receive 1 month free broadband and a mobile handset discount worth S$80.

For more information about Singapore’s Open Electricity Market visit Geneco’s site.

Geneco is Seraya Energy’s retail energy brand. It’s “Power to Empower” manifesto stems from the United Kingdom, where Geneco UK – part of the wider YTL Group of companies – has been acclaimed for its work in recycling and renewable energy.