Open Electricity Market (OEM)

Power up your savings on electricity bills with your HSBC Credit Card

Thinking of switching your electricity retailer to get more bang for your buck? Wait no longer, because you can save up to S$120 when you charge your recurring electricity bill payments to your HSBC Credit Card! Choose from a range of electrifying deals with our partnering retailers that is best suited to your needs below.

Illustration of Savings

To calculate your savings when you switch from Singapore Power (SP) to an OEM retailer, you may find a sample illustration* based on:

  • Average OEM retailer's pricing for a 24‑month plan: 17.8 cents/kWh
  • SP's electricity tariff for Q1'2021: 22.1 cents/kWh
  • Average OEM retailer sign-up rebate: S$60 (equivalent to S$2.50 per month over 24 months)
  • An average monthly consumption of 412 kWh for a 5-room HDB flat in 2021

S$17.71

Monthly cost savings when you switch from SP to an OEM retailer

[(S$0.221-S$0.178)*412]

+

S$2.50

Retailer rebate upon sign-up or renewal

=

S$20.21

monthly savings

or

S$485.04

total savings over 24‑month plan

Electrifying deals just for you

The deals just get better and better. We've got you covered across multiple electricity retailers, giving you the freedom and flexibility to save no matter which one you choose. Simply use your HSBC Credit Card to pay for your monthly electricity bills, and get started today!

Senoko Energy

Senoko Energy

Up to S$120 bill rebate when you sign up for a Senoko Energy Electricity Plan.

Find out more
Geneco

Geneco

Grab up to S$110 electricity bill rebates and vouchers when you switch to Geneco!

Find out more
Union Power

Union Power

Up to S$115 bill rebate when you sign up for or renew a Union Power Electricity Plan.

Find out more
Sembcorp Power

Sembcorp Power

Enjoy up to S$120 bill rebates with Sembcorp Power Electricity Plan.

Find out more
PacificLight Energy

PacificLight Energy

Enjoy up to S$100 bill rebates with PacificLight Energy Electricity Plan.

Find out more

Not an HSBC credit cardholder?

Apply now and use it within minutes with the HSBC Singapore app. Plus, receive up to S$200 cashback as a sign-up gift.

Frequently Asked Questions

Yes, all Credit Cards except HSBC Debit cards and HSBC Corporate cards are eligible for the promotions.

No, only customers who pay recurring bill payments via HSBC Credit Cards are eligible.

Please refer to the respective terms and conditions for the individual merchants, which will state the fulfilment period of the bill rebates.

Disclaimer:

*Sample illustrations were derived based on (a) prevailing prices and promotions by open electricity market retailers, (b) tariffs by Singapore Power regulated tariff for the period of January to March 2021, (c) average retailer rebate of S$60 for new sign-ups or renewal contracts.

HSBC is not the supplier of and accepts no liability for the goods and/or services provided by the merchant(s) involved in the promotions and offers set out above. These promotions and offers are subject to the terms and conditions of the merchant(s) providing the relevant goods and/or services; please refer to the respective merchant(s) for details. HSBC reserves the right to vary the terms of, or withdraw, these promotions and offers at any time without prior notice. All information is correct at the time of posting online.



Terms and Conditions

Terms and conditions apply for all offers. Please click on the relevant merchant links for more details.