With unfavorable market conditions caused by surging wholesale electricity price (This is caused by several factors – a significant rise in global spot liquefied natural gas (LNG) prices due to higher demand and lower production; higher-than-usual electricity demand domestically; and a reduction in the supply of piped natural gas from Indonesia), 3 electricity retailers have exited Singapore Open Electricity Market, and 1 have let go about 800 accounts. Unfortunately, the vendor I have signed my contract with is also hit by these market condition. In an email sent to me before the news broke, they announced they will be ceasing operation, with my account transferred back to SP Services on 20-Oct-21.
Well, it has been a good 3 years of journey with you.
Well, with such unfavorable market conditions, naturally, the plans available currently on market is not as good as before. With some research, I finally landed on Senoko Energy with their 2 years discount off tariff at 3%, mainly to take advantage of their current promotion of $60 bill rebate for any 2 years plan (Promo Code: TAKE60) and a referral bill rebate at $30. What I like about this company is that even for contract renewal, you can also apply their bill rebate promotion, which is rarely seen in other retailers.
Anyway, for others who are thinking of switching to Senoko Energy, here is my referral code for you to use to obtain a $30 rebate for you and for me!
Refer a friend to sign up for an electricity plan with Senoko Energy and both of you will earn a $30 bill rebate each to offset your electricity bill. The more successful referrals, the more you earn!
Use your referral code!
713E8QCU
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