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$165 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

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

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Geneco

Grab up to S$165 electricity bill rebates when you switch to Geneco!

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Union Power

Up to S$135 bill rebate when you sign up for or renew a Union Power Electricity Plan.

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Sembcorp Power

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

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Not an HSBC credit cardholder?

Apply now and use it within minutes with the HSBC Singapore app. Plus, receive up to SGD200 cashback as a sign-up gift.

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Frequently Asked Questions

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.