• Sun. Apr 14th, 2024

Sembcorp Power – Comparison & Review of Sembcorp Electricity Plans

Samuel Hall

BySamuel Hall

Apr 28, 2022
Sembcorp Power

Singapore’s open electricity market is dominated by Sembcorp Power, one of the country’s most well-known and respected companies. They have a strong enough brand name and enough muscle to bring us decent sign-up promotions, which makes them seem more reliable than the other electricity startups.

For a long time, it was difficult to choose a Sembcorp Power electricity plan because they had 12 different options (including some very strange plans that aren’t widely offered by other retailers) at the OEM’s peak in 2019. There are currently only two options for electricity. Sembcorp Power is currently offering two electricity plans: $0.2988/kWh (with GST) for a 12-month fixed-price plan and $0.3388/kWh (with GST) for the Sunshine Plan, which is a 100% solar energy plan. To avoid transmission losses, Sembcorp charges by the meter and the carbon tax is included in their fees. There is a $1.07 per paper bill (e-bills are free), $1.07 for GIRO rejection, $5.35 for credit or debit card rejection, late payment charges of $5.35 per bill, and a security deposit of $50 to $200 depending on the type of property you have.

Sembcorp Power
Sembcorp Power

Sembcorp Power Fixed Price Plan – 12 month

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When you choose a fixed price plan, you know exactly how much your electricity will cost for the entire year ahead of time. In the past, Sembcorp offered a 12- and 24-month version of the Fixed Price Plan, with the latter offering a lower rate for the longer term. It’s a pattern we’ve seen before with all of their major plans. However, if you’re signing up for a 24-month contract, you’ll want to read up on early termination fees a few times over. Slightly less expensive than SP Group’s current rate of $0.2988 per kWh is Sembcorp’s 12-month Fixed Price Plan. In spite of this, it isn’t the cheapest on the market. Currently, Senoko’s LifePower24 is selling for $0.2680/kWh, Keppel Electric’s Fixed24 is selling for $0.2890/kWh, and Geneco’s Give Us A Try is selling for $0.2900/kWh, and so on.

Sembcorp Power Sunshine Plan – green electricity plan

Due to Sembcorp utilising solar energy from 7 am to 7 pm, the Sunshine Plan was originally called the “Sunshine Plan” back in 2019. When it’s dark, you all use the same amount of SP electricity. In contrast, today, Sembcorp’s Sunshine Plan is completely solar. This plan used to come with a free AMI metre and installation from Sembcorp, but that perk has since been discontinued. You must now pay the standard AMI installation fee of $42.80.

Additionally, if your home or business can benefit from solar panel installation, they can take care of that as well. However, you’ll be able to save some money if you take advantage of this. Sunseap, a company that specialises in solar energy, is another option for “green energy.”

Sembcorp Power provides Flat Fee plans in addition to the typical fixed-rate, discount off tariff, and green power plans that are offered by electricity providers. Instead of being charged based on how much electricity you use, with a Flat Fee plan, you pay a predetermined amount for an electrical “bundle,” similar to how telco data contracts work.

Avoid signing up for a Sembcorp Power plan unless you have one of the following promo codes or promotions. Check out the fine print, though, because different credit card companies have different requirements for claiming rebates. Sembcorp has the most extensive promotional programme of all the electricity retailers.

Samuel Hall

Samuel Hall

Samuel Hall, a renowned name in the world of finance and wealth management, has devoted more than two decades to understanding the intricacies of the financial realm. As the chief contributor to WealthServing, Samuel has enlightened thousands with his insights on wealth accumulation, risk management, and smart investment strategies.