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3 Further Methods You Save Cash & Get Extra Worth on Your Electrical energy Invoice
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3 Further Methods You Save Cash & Get Extra Worth on Your Electrical energy Invoice 

This put up was written in collaboration with Singtel. Whereas we’re financially compensated by them, we nonetheless try to keep up our editorial integrity and overview merchandise with the identical goal lens. We’re dedicated to offering the most effective suggestions and recommendation so as so that you can make private monetary selections with confidence. You’ll be able to view our Editorial Tips right here.


Sure, sure — you already know the drill.

Those that change to an electrical energy retailer from SP Group can get anyplace from 20% to 30% off the regulated electrical energy tariff. And also you already know the standard perks that electrical energy retailers provide to get you to enroll, akin to rebates in your electrical energy invoice, financial institution rebates and so forth.

So that you’re kinda desensitised to all of those “regular” perks. Or, you’ve already switched to an electrical energy retailer and also you’re bored of all these “regular” promos you’ve been listening to because the full nationwide roll-out of the Open Electrical energy Market from 1 Might 2019.

It’s about time for some additional perks.

Do you know that Singtel Energy has teamed up with Tuas Energy? Past these “usuals”, this new A-team is providing 3 additional methods that may allow you to lower your expenses/time and stretch your greenback in your electrical energy invoice.

 

THE EXTRAS

 

1. Simply obtain a single consolidated Singapore Energy invoice

Singtel Energy – Tuas Energy is offering this association of a single consolidated Singapore Energy (SP) invoice. This implies you’ll obtain the SP invoice with all of your utilities expenses, detailing your expenses to each SP Group and Singtel Energy – Tuas Energy.

Consolidated payments make it simple for patrons to see their expenses at a look. For those who’re by some means nonetheless receiving paper payments (do take into account going inexperienced and switching to paperless payments, okay?), having a single invoice despatched to your property is healthier for the atmosphere — much less paper used, fewer bushes minimize down, much less power/gasoline wanted to ship the one invoice to your property, and many others.

Having a consolidated invoice saves time additionally. If you might want to examine something, simply seize that ONE invoice to examine, not undergo a bigger stack of payments to “match” the non-electricity utility payments and electrical energy payments of the identical months to one another. Ugh. Or when you’re paperless, keep away from the effort of a number of logins simply to examine how a lot you’re paying on your utilities as a complete every month.

 

No delays on U-Save GST Vouchers

Having a delay of any type might be an annoyance for some, or a gentle inconvenience for many. Nevertheless, for some, it may be essential. For instance, to assist Singaporeans tide over powerful instances when the Covid-19 disaster was at its peak, the federal government doled out GST Voucher – U-Save rebates to assist us offset our utility payments when cash was tight.

The standard course of for these billed immediately by their electrical energy retailer, based on the Power Market Authority (EMA) in a reply to a discussion board letter, are for these U-Save rebates to first be used to offset their non-electricity expenses (water, fuel and refuse assortment) with SP Group. Solely afterwards will the remaining rebates be used to offset their electrical energy expenses.

Relying on the client’s billing cycle/fee association and many others with the electrical energy retailer, rebates from the U-Save voucher may lag behind. This implies the client might need paid the complete quantity earlier than the rebate is out there for use. Fairly sian, if the moolah was wanted for meals or medication.

As your Singtel Energy – Tuas Energy electrical energy invoice can be consolidated along with your SP Group invoice, there are not any delays on the usage of your U-Save GST Vouchers. Hurrah!

 

Get extra $50 invoice rebate

I do know we talked about above that invoice rebates are most likely the oldest promo tactic within the OEM e-book, however Singtel clients can get an extra invoice rebate so we’re cool. They’ll simply want to enroll with or recontract their present Singtel Fibre Broadband to get pleasure from this extra $50 Singtel invoice rebate.

Professional tip: In case your fibre broadband is due for a recontract, why not time your sign-ups with each Singtel Broadband and Singtel Energy – Tuas Energy for this additional perk?

 

 

THE USUALS

Listed below are the continued worth plans for Singtel Energy – Tuas Energy (as of 23 Feb 2021):

Supply

 

And right here’s the present electrical energy tariff:

Supply

 

As you’ll be able to see, Singtel Energy – Tuas Energy costs per kWh are about 20-25% decrease than the regulated tariff for Q1 2021, relying on what plan you select.

It might not seem like a lot at face worth (pfft 4.23cents to five.5cents solely?) however once you consider month-to-month and yearly electrical energy consumption, this may run as much as a whole lot of {dollars}.

Based on EMA statistics, the common month-to-month consumption of a 4-room HDB family in 2020 (primarily based on the common quantity calculated from Jan to July 2020) was 395.6 kWh (supply).

Let’s do the maths to determine the family’s invoice measurement:

PowerFIX 6 Care  PowerFIX 24/36 Regulated tariff
1 month $66.10 $71.13 $87.86
1 12 months $793.26 $853.55 $1,054.35
Financial savings/12 months (VS Regulated Tariff) $261.09 $200.80 N/A

There’s additionally a base $78 invoice rebate (this turns into $128 when you add the Singtel Fibre Broadband enroll/recontract bonus rebate). And when you time this juuuuust proper along with your 2021 GST Voucher – U-Save rebates, you may simply pay nothing for electrical energy for a number of months.

Feeling like you could possibly use somewhat extra “extras” now? Discover out extra about Singtel Energy – Tuas Energy right here.

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