{"id":11291,"date":"2024-05-13T07:00:17","date_gmt":"2024-05-12T23:00:17","guid":{"rendered":"https:\/\/www.smallcapasia.com\/?p=11291"},"modified":"2026-06-08T22:42:39","modified_gmt":"2026-06-08T14:42:39","slug":"best-cheaper-electricity-retailer-in-singapore-senoko-energy-referral-promo-code","status":"publish","type":"post","link":"https:\/\/www.smallcapasia.com\/zh-hans\/best-cheaper-electricity-retailer-in-singapore-senoko-energy-referral-promo-code\/","title":{"rendered":"Best Cheaper Electricity Retailer in Singapore | Senoko Energy Referral Promo Code"},"content":{"rendered":"<p><strong>May 2024 Update:<\/strong> Looking for a Cheaper Electricity Retailer in Singapore and saving the earth at the same time?<\/p>\n<p>Then you need to opt for <em>Senoko LifeGreen24 plan<\/em> to power your home with 100% solar energy!<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-17150\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/lifegreen24.png\" alt=\"\" width=\"988\" height=\"778\" \/><\/p>\n<p>You not only get to reduce 4,301kg of carbon emissions, you are saving $280.70 compared to getting the same SP Power in 2 years &#8211; cheaper electricity hooray!<\/p>\n<h2>Stack Double Promo Codes from Senoko Energy<\/h2>\n<p>And not sure if you have noticed, we can actually stack the referral code and bank promo codes together when you want to sign up for the plan &#8211; see below:<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-17151\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-promo-code.png\" alt=\"senoko promo code\" width=\"1507\" height=\"877\" \/><\/p>\n<p>Hence, do use my referral code &#8220;<strong>NLX8R6HJ<\/strong>&#8221; and <strong>earn a $20 referral rebate<\/strong> on your electricity bill when you sign up with Senoko Energy. Browse their price plans <a href=\"https:\/\/www.senokoenergy.com\/households\/price-plans\/refer-and-earn?enc=a3Y5Zkc1ckdaRjZtSi9sZmtyaEZ2U3haWjVrNnNpT3VzTVZ3d0orR2UyOWNNRXV6YS84alUwZWVrNlJIRGg0Q2tiNjk3c2dlcCs4R2FqK2VhWXIwYlE9PQ2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here<\/a> and start saving now!<\/p>\n<p><!--more--><\/p>\n<p>The harsh reality is right at our doorstep as this <a href=\"https:\/\/www.channelnewsasia.com\/singapore\/big-read-inflation-cost-living-families-money-finances-income-rising-prices-2617781\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">article<\/a> demonstrates how soaring inflation is hitting the low-middle income families especially hard.<\/p>\n<p>So much so that the interviewees share how they are trying to tighten their belts by &#8216;cutting shower time by half&#8217; or staying cooped up at home&#8230;<\/p>\n<p>In fact, my wife has already been constantly reminding me:<\/p>\n<blockquote><p><em>Turn the lights (+ fan) off if you&#8217;re not in the room! It&#8217;s wasting electricity!<\/em><\/p><\/blockquote>\n<p>Ring a bell?<\/p>\n<p>That would probably come from your mum in the past :p<\/p>\n<p>Anyway, with that in mind, , I intend to re-discover the type of electrical appliances and how much you spend on each of them using the current market rate.<\/p>\n<p>Read also:\u00a0<em><span class=\"thrive-shortcode-content\" data-extra_key=\"\" data-option-inline=\"1\" data-attr-link=\"1\" data-attr-rel=\"0\" data-attr-target=\"0\" data-shortcode=\"tcb_post_title\" data-shortcode-name=\"Post title\" data-attr-static-link=\"{&quot;className&quot;:&quot;&quot;,&quot;href&quot;:&quot;#&quot;,&quot;title&quot;:&quot;Top 4 Singaporean Blue Chip Stocks With the Highest ESG Score&quot;,&quot;data-css&quot;:&quot;tve-u-1853e55f65c&quot;,&quot;class&quot;:&quot;&quot;}\" data-attr-css=\"tve-u-1853e55f65c\"><a class=\"connectButton\" title=\"How To Switch and Save 8% on Your Electricity Bill\" href=\"https:\/\/www.smallcapasia.com\/how-to-switch-and-save-8-on-your-electricity-bill\/#\" data-css=\"tve-u-1853e55f65c\">How To Switch and Save 8% on Your Electricity Bill<\/a><\/span><\/em><\/p>\n<h2>Breakdown of Electricity Bill<\/h2>\n<p>Different households use different appliances for varying lengths of time.<\/p>\n<p>But for illustration stake, we will just do a comparison of a few common electrical appliances namely:<\/p>\n<ul>\n<li>Aircon<\/li>\n<li>Front Load Washing Machine<\/li>\n<li>Microwave<\/li>\n<li>Ceiling Fan<\/li>\n<li>65 Inch LED TV<\/li>\n<li>Shower Heater<\/li>\n<li>LED Light Bulbs<\/li>\n<\/ul>\n<p>And I have tabulated the &#8216;findings&#8217; into a table below&#8230;<\/p>\n<p><a href=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/electricity-kwh-table.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-11626\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/electricity-kwh-table.jpg\" alt=\"electricity kwh table\" width=\"1552\" height=\"613\" \/><\/a><\/p>\n<p>*If you want to download the excel file, just enter your email and click the <strong>Download<\/strong> button.<\/p>\n<p>[thrive_leads id=&#8217;11630&#8242;]<\/p>\n<p>Anyway, so my few observations include:<\/p>\n<ol>\n<li>Those that help to heat up or cool you down will take up much higher kilowatts (kWh). I just realized that shower heater takes up more power than the Aircon and Microwave!<\/li>\n<li>And yes! I can tell my wife switching on the lights only take up 10 watts (0.01 kW) and costs $1.80 even if I on it 24 hours\/7 for whole month! BUT.. of course i wont do that lah.. need to save the earth \ud83d\ude42<\/li>\n<li>Although the kwh cost range is $0.18 to $0.25, the total amount went from $142 to $197, a good $50 monthly difference.<\/li>\n<\/ol>\n<p>So then, the next question is&#8230; how can we save on the electricity bill?<\/p>\n<h2>Current State of Electricity Bill<\/h2>\n<p>As a precursor, electricity prices have increased worldwide after gas prices hit record levels due to soaring demand for gas from pandemic-recovery and shortage of global gas supply (hello Russia!).<\/p>\n<p>Hence, grid operator SP Group has announced that the electricity tariff for the period April 1 to June 30 will be <strong>27.94 cents per kilowatt-hour (kWh)<\/strong> excluding GST, up almost 10% from the current 25.44 cents per kWh.<\/p>\n<p>For some perspective, the <em>average<\/em> monthly electricity bill for a 4-Room HDB will go up by $8.73, almost double the increase in the previous quarter.<\/p>\n<h2>When will Electricity Costs stop going up?<\/h2>\n<p>Energy costs make up approximately 76% of the Tariff rates and 22% goes to SP Power as Network costs (they provide the power grid).<\/p>\n<p>In order to know when I need to renew my plan (and for those who want to sign up with discounted electricity retailers); we need to guess-timate where the peak will be and avoid that.<\/p>\n<p>With that in mind and to satisfy my curiosity, I went to dig into the history of the tariffs from SP group from 2014 onwards.<\/p>\n<p><a href=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/electricity-tariffs.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11292\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/electricity-tariffs.png\" alt=\"\" width=\"3367\" height=\"1482\" \/><\/a><\/p>\n<p>Apparently, we are at the highest point now compared to 2014 until 2022.<\/p>\n<p>While many are terrified that oil prices may continue to escalate higher amid the geopolitics and economic re-opening, sometimes the cure for high oil prices is higher oil prices itself.<\/p>\n<p>Sounds contradictory?<\/p>\n<p>This is because higher oil prices could incentivize upstream investments and help push more supply into the market. In turn, it would &#8216;kick back&#8217; the demand-supply curve to less than US$100 per barrel in the medium term.<\/p>\n<p>With that in mind, let&#8217;s look at what we should do as a consumer instead.<\/p>\n<h2>Smart way to save on Electricity Bill<\/h2>\n<p>Instead of trying to scrimp and reduce your air-con\/water heater usage, a smart way is to switch to a discounted electricity retailer.<\/p>\n<p><a href=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-retailer.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11648\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-retailer.jpg\" alt=\"senoko energy retailer\" width=\"1180\" height=\"583\" \/><\/a><\/p>\n<p>An important thing to note: <strong>Changing to a retailer will not affect your electricity supply.<\/strong>\u00a0SP Group will continue to operate the national power grid and deliver electricity to you.<\/p>\n<p>However, it can be <strong>confusing to choose from a total of 9 retailers<\/strong> (<a href=\"https:\/\/compare.openelectricitymarket.sg\/#\/pricePlans\/list\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">website<\/a> as of April 2022) and also <strong>select the kind of plan to maximize your savings.<\/strong><\/p>\n<p>And for this, I intend to share how you can save on your electricity bill by using Senoko Energy (my electricity retailer).<\/p>\n<h2>How to save on Electricity Bill<\/h2>\n<p>With energy prices likely to stay elevated until mid 2023, it makes sense to just <strong>opt for the 12 months variable plan <\/strong>to get a <strong>3% discount<\/strong> off the usual SP Power&#8217;s kwh rate.<\/p>\n<p><a href=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-12months-plan-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11651\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-12months-plan-1.jpg\" alt=\"senoko energy 12months plan\" width=\"1275\" height=\"846\" \/><\/a><\/p>\n<p>Right now, the Electricity Tariff by <strong>SP Power<\/strong> is at <strong>S$0.2794\/kwh<\/strong>, so you may be paying $0.27\/kwh from May 2022 onwards.<\/p>\n<p>As for me, I have managed to lock it in for 2 years at a cheap rate of <strong>$0.1648\/kwh<\/strong>\u00a0with Senoko Energy that in Jan 2021 (see my bill below) &#8211; a whooping 41% savings!<\/p>\n<p><a href=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-promo-code.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11650\" src=\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2022\/04\/senoko-energy-promo-code.jpg\" alt=\"senoko energy promo code\" width=\"1193\" height=\"387\" \/><\/a><\/p>\n<p>With my contract ending soon in Jan 2023, I may monitor and do up another similar post again&#8230;<\/p>\n<h2>Senoko Energy&#8217;s Referral Promo Code &#8211; NLX8R6HJ<\/h2>\n<p>If you notice, I am actually paying zero dollars for my bill due to the referral credits I obtain since sharing about this to people.<\/p>\n<p>I am very grateful for those who have benefitted from joining Senoko Energy through me &#8211; thanks a lot!<\/p>\n<p>If you want to also save on your electricity bill, <a href=\"https:\/\/www.senokoenergy.com\/households\/price-plans\/refer-and-earn?enc=a3Y5Zkc1ckdaRjZtSi9sZmtyaEZ2U3haWjVrNnNpT3VzTVZ3d0orR2UyOWNNRXV6YS84alUwZWVrNlJIRGg0Q2tiNjk3c2dlcCs4R2FqK2VhWXIwYlE9PQ2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">click on the link here<\/a> to sign up today!<\/p>\n<p>&nbsp;<\/p>\n<p>Remember: use my referral code &#8220;<strong>NLX8R6HJ<\/strong>&#8221; and earn a $20* referral rebate on your electricity bill when you sign up with Senoko Energy. Browse their price plans <a href=\"https:\/\/www.senokoenergy.com\/households\/price-plans\/refer-and-earn?enc=a3Y5Zkc1ckdaRjZtSi9sZmtyaEZ2U3haWjVrNnNpT3VzTVZ3d0orR2UyOWNNRXV6YS84alUwZWVrNlJIRGg0Q2tiNjk3c2dlcCs4R2FqK2VhWXIwYlE9PQ2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here<\/a> and start saving now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 2024 Update: Looking for a Cheaper Electricity Retailer in Singapore and saving the earth at the same time? Then you need to opt for Senoko LifeGreen24 plan to power your home with 100% solar energy! You not only get to reduce 4,301kg of carbon emissions, you are saving $280.70 compared to getting the same [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[3051,3059],"tags":[1795,1796,1797,1798,1793,1794],"class_list":["post-11291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-singapore","category-investor-education-singapore","tag-senoko-energy-promo","tag-senoko-energy-good","tag-senoko-energy-save-costs","tag-senoko-energys-referral-promo-code","tag-senoko-energy-referral","tag-senoko-energy-promo-code"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/posts\/11291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=11291"}],"version-history":[{"count":5,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/posts\/11291\/revisions"}],"predecessor-version":[{"id":17152,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/posts\/11291\/revisions\/17152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/media\/11653"}],"wp:attachment":[{"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=11291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=11291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smallcapasia.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=11291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}