Electricity

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    Enjoy higher savings on your electricity bills with UOB Cards

     

About Open Electricity Market

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Since 2001, the Energy Market Authority (EMA) has progressively opened up the retail electricity market to competition, for the benefit of consumers.

Starting April 2018, the households in Jurong (Residents with postal codes starting with 60 to 64 only) can choose to buy electricity from a retailer with a price plan that best meets their needs.

There are 3 types of plans available:

a) Fixed price

Pay a fixed rate (e.g. 20 cents/ kWh) for electricity throughout your contract duration.

b) Discount off the regulated tariff

Enjoy a discount off the prevailing regulated tariff (e.g. 5% off) throughout your contract duration. The regulated tariff is reviewed by SP Group quarterly, with the approval of EMA.

c) Peak and Off-peak

Enjoy different rates during different periods (e.g. 25 cents/ kWh for peak period, from 8am to 8pm; 15 cents/ kWh for off-peak period, from 8pm to 8am).

Save more on your electricity bills today when you sign-up for recurring payments on your UOB Cards with any of our selected electricity retailers.

Save more with UOB Cards

Enjoy lower electricity bills, higher savings today.

Here’s the breakdown of estimated savings1 over 12 months based on S$100 monthly electricity bill:

Featured retailers

Geneco

Additional 1%4 savings for 12 months

 

Find out more

 

 

 

Keppel Electric

S$50 rebate2
Promo code: UOBKE025

 

Find out more

 

PacificLight Energy

S$585 rebate plus enjoy Security Deposit waiver
Promo code: PLEUOB58

 

Find out more

 

Senoko Energy

S$306 rebate plus enjoy 1 LinkPoint for every S$1 spend on bill
Promo code: UOBSE30

 

Find out more

 

1Savings of up to S$428.28 (35%) savings per year is calculated based on: S$100 monthly average household electricity bill (excluding GST) on Keppel Electric’s Fixed 24 plan at S$0.165 per kWh measured against the same usage at the prevailing Singapore Power regulated tariff for period of July to September 2018; (a) Upfront discount of 30% from Keppel Electric; (b) One-time S$50 rebate for recurring payments on UOB Cards on top of upfront discount; and (c) Further 5% cash rebate for recurring payments on UOB One Card on top of upfront discount and one-time S$50 rebate.

2One-time rebate for UOB Cards is valid till 31 December 2018 for all new sign-up of recurring payment plans for Keppel Electric electricity bills. Terms and conditions apply. Visit uob.com.sg/ke for full details.

3 Enjoy up to 5% cash rebate based on a spend of S$2,000 monthly for each qualifying quarter with min. 5 purchases monthly to earn the quarterly cash rebate of S$300. Enjoy up to 3.33% cash rebate based on a spend of S$500 or S$1,000 monthly for each qualifying quarter with min. 5 purchases monthly to earn the quarterly cash rebate of S$50 or S$100 respectively. Each qualifying quarter consists of 3 consecutive statement periods. Please refer to full set of UOB One Visa Credit Card Terms and Conditions on uob.com.sg/one.

4Additional discount for UOB Cards is valid till 31 December 2018 for all new recurring payment plans for Geneco electricity bills. Terms and conditions apply. Visit uob.com.sg/geneco for full details.

5One-time rebate and Security Deposit waiver for UOB Cards is valid till 30 November 2018 for all new sign-up of recurring payment plans for PacificLight Energy bills. Terms and conditions apply. Visit uob.com.sg/ple for full details.

6One-time rebate for UOB Cards is valid till 31 December 2018 for all new recurring payment plans on Senoko Energy electricity bills. Terms and conditions apply. Visit uob.com.sg/senoko for full details.

Disclaimer: 
United Overseas Bank Limited ("UOB") assumes no liability or responsibility for the acts or defaults of the merchant or defects in the goods and services offered in this promotion. UOB is not an agent of the merchant. Any dispute about the quality or service standard must be resolved directly with the merchant. The merchant may impose conditions for the redemption of the goods or services. UOB will not be responsible for any injury, loss or damage suffered as a result of the redemption or usage of the goods and services. While the information provide herein is believed to be reliable as at the date of printing, UOB makes no representation or warranty whether expressed or implied, and accepts no responsibility or liability for its completeness or accuracy. UOB and the participating merchants reserve the right to vary/amend the privileges and/or terms and conditions without prior notice.

FAQ

  • Existing UOB customers can just simply provide the following information:
    • Name
    • NRIC Number
    • Copy of NRIC
    • Address
    • 10 digit SingPower Account Number eg. 89xxxxxxxx (top right hand corner of your SP Services Utilities Bill)


  • If you do not have a UOB card, click here to sign up now.

Yes, if your postal code of your residential/ business premise starts with 60, 61, 62, 63 or 64.

All UOB debit and credit cards are eligible for the promotion with the exception of any UOB American Express Cards, JCB Cards, UnionPay Cards, Travel Account, Corporate (on corporate liability), Purchasing, Business, Multicurrency Corporate and Private Label cards.

Visit “Featured retailers” tab for more details.

No, you can continue to buy electricity from SP Group at the regulated tariff as you do today

You can choose to buy electricity from 14 different retailers based on a price plan that best suits your needs. Click here for the full list of electricity retailers.

Retailers on our portal are currently offering standard price plans with the following pricing structure with different contract periods:

Fixed Price: Pay a fixed rate per kWh (eg. $0.20/ kWh) for electricity for the entire duration of your contract. This allows for greater certainty in monthly electricity costs.

Discount off the regulated tariff: Enjoy a guaranteed discount off regulated SP tariff (reviewed quarterly) during your contract duration. This allows for more predictable quarterly electricity bills.

Peak and off-peak: Electricity costs per KWh vary at different times of the day (eg. $0.25/ kWh for peak hours, 8am to 8pm, and $0.15/ kWh for off-peak hours, from 8pm to 8am). This allows for greater savings for those who consume more electricity during off-peak periods.

You can either keep your current meter or install a smart meter.

If you decide to keep your current meter, it will continue to be read once every two months. Changing to a smart meter will allow you to measure your half-hourly electricity consumption. A charge will apply.

For more details, please click here to visit the OEM website

Yes, the new retailer’s electricity supply will be reliable as the SP Group will still be operating the national power grid and supplying electricity to everyone.

Electricity supply will not be disrupted during the switch. The switch is a seamless process and purely administrative for residential premises/ home consumers.

Yes, home consumers can change over to buying electricity from SP Group at a regulated tariff or to other electricity retailers at the new price plan.

Switches before the end date of the contract might come with an early termination fee. Please check with your existing electricity retailer.

SP Services will continue to bill your water, gas and refuse removal charges. Your new electricity retailer will mail your electricity bill separately.

You can download a copy of “Introduction to the National Electricity Market of Singapore” here.

To participate in this promotion and the recurring payment service, your UOB Card account must be in good standing and remain valid for the monthly bills to be debited successfully. Promotion is open to all cardholders of United Overseas Bank Limited (“UOB”) debit and credit cards issued in Singapore (“UOB Card”) with the exception of any UOB JCB Cards, Travel Account, Corporate (on corporate liability), Purchasing, Business, Multicurrency Corporate and Private Label cards. Please continue to pay to the relevant merchants until you see the amount reflected on your monthly UOB Card statement. All applications are subject to approval from the relevant merchants. Should you cancel or replace your UOB Card, please make alternative payment arrangements with your relevant merchants. If your existing account is paid by GIRO, the GIRO payment arrangement will be terminated.  Please contact the relevant merchant(s) to make alternative payment arrangements should you wish to terminate this payment arrangement. If any payment charged to your UOB Card is unsuccessful for any reason whatsoever, you will be responsible for arranging payment to that merchant by other means. UOB shall not be liable for any loss, expenses delays, mistakes, neglect or omission in the transmission of payment under this facility or for any unsuccessful payment. UOB reserves the right to amend these terms and conditions in its sole discretion without giving any reasons.