Winner of Superbrands Award since 2010

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Winner of Superbrands Award since 2010

On 5 December 2018, Geneco received the Superbrands Award, offered to brands with outstanding reputation in the industry. This award is given out after a rigorous and comprehensive selection process, based on extensive consumer research conducted by BDRC Asia, an award-winning global consumer insight consultancy and in consultation with an expert brand panel.

Geneco has been a Superbrands Award Winner since 2010. From our first customer in 2001, we have committed ourselves to deliver excellent customer service, innovative array of products, as well as cost-effective energy plans to every of our customer to come. We were the first electricity retailer to offer e-billing and multiple payment options when demand for these services arose, in addition to flexible energy services that addresses business sensitivity to price fluctuations. Till today, change is a constant in Geneco. From time to time, we continue to introduce new product bundles and value add-ons to cater to changing demands.

Beyond supplying electricity, Geneco believes in offering educational value to our community. We conduct regular seminars to educate consumers about the energy market liberalization, latest market trends and capabilities building. It is in our interest to see our commercial customers do well and we hope to be a part of their success and growth.

To our treasured customers, thank you from the bottom of our hearts for your continued support!


Power your business with a customized energy plan today.


SIEW 2018 - Connecting with Energy Industry Delegates and Partners

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SIEW 2018 – Connecting with Energy Industry Delegates and Partners

Geneco’s parent company, YTL PowerSeraya, was one of the Energy Marketplace sponsors for the annual SIEW (Singapore International Energy Week) event held in late October 2018, organised by the Energy Market Authority (EMA). This year, the 10th edition of this event focused on advancing key regional energy initiatives and the strengthening of public-private partnerships.

YTL PowerSeraya’s CEO, Mr Chan Swee Huat, as well as Executive Vice-President of Retail, Mr Low Boon Tong, also had the opportunity to share more on the company’s green initiatives and sustainability efforts with both ministers from the Ministry of Trade and Industry, Minister Chan Chun Sing, as well as Dr Koh Poh Koon; alongside EMA’s Chief Executive, Mr Ngiam Shih Chun.

The event was well attended by global energy policymakers, investors and industry leaders, who gathered to discuss topics related to the event’s key theme of the year: Transforming Energy: Invest, Innovate, Integrate.


Learn more about Geneco and our electricity plans

Geneco is one of Singapore’s top electricity retailer, belonging to a global network of energy and utility companies known as YTL Power International. Geneco’s parent company YTL PowerSeraya is also one of Singapore’s first and largest electricity generators, with a licensed generating capacity of 3,100 MW.


5 Tips to Save Energy and Lower Your Electricity Bills with Geneco

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5 Tips to Save Energy and Lower Your Electricity Bills with Geneco

This post appeared first on the MoneySmart blog at https://blog.moneysmart.sg/budgeting/save-energy-lower-electricity-bills-geneco/

The advent of the full roll out of the Open Energy Market (OEM) is another big step in the right direction of giving consumers more

choice when it comes to managing their finances. In this case, it’s in the area of the cost of energy consumption, and boy do we need it.

If recent data is anything to go by, saving money on your electricity bill is something that Singaporeans need to probably pay a little more attention to. According the National Environment Agency (NEA), Singapore’s household electricity consumption has increased by about 17% over the past decade. Choosing an electricity plan that suits your needs is definitely a good way to start making sure you’re not overpaying, and this goes beyond just looking at the rates advertised by suppliers.

But another big contributing factor to the overall cost of your electricity bill is of course your lifestyle habits as well. Here’s what you should do or look out for in order to save more on your monthly electricity bill.

1. Lock in your savings with the most competitive fixed plan in Singapore

One of the best things to come out of the OEM is the fact that you can now choose a plan that suits your needs, rather than being subjected to whatever electricity tariffs were previously set.

Currently, Geneco offers the best 24-month fixed plan in Singapore, at a price of 17.78 cents per kWh. And given that you’re always going to need power in your home, why not take advantage of this right now? You can read our assessment of what else you need to take note of when choosing a price plan, and Geneco’s site makes it extremely easy for you to sign up for a plan of your choosing.

2. Air-conditioning

You weren’t expecting to see anything else at the number one spot for energy guzzlers right? We get it. Singapore is a sauna of Death Star proportions, and I will be the first to admit that I leave my air-conditioner on for an unreasonably long period of time at home.

The 2017 NEA survey of 550 households revealed that air-conditioners accounted for 24% of the energy consumption in a home. Back in 2014, in a bid to help consumers better identify more energy efficient home appliance models, and also to encourage suppliers to offer more efficient products, the NEA revised their energy rating system for air-conditioners, refrigerators and clothes dryers.

Getting an air-conditioner with more ticks in their rating might cost you slightly more, but the savings in the long run are definitely worth it, and buying a 5-tick aircon can save you around $270 a year. But of course you and I both know what the ultimate way to save energy on aircon usage is.

According to the Energy Efficiency Programme Office (E2PO), using a fan instead of an aircon can save you about $400 a year. Of course, I’m not going to preach about switching devices when I am obviously not going to do it myself.

One good compromise that I have started to practice is actually switching my aircon off after the room has cooled, or setting a timer and then using my fan to circulate the air in the room. This way you don’t have a fan just blowing hot air around your room, while also minimizing the use of your air con. This could save you up to $340 a year.

3. Refrigerators

Refrigerators came in a not-so-close second in NEA’s survey, clocking about 17% of total energy consumption. That’s still a pretty significant number. Now you might be thinking “Well I obviously can’t turn off my fridge intermittently right? That’s just ridiculous.”

When it comes to saving energy on refrigerator usage, I’m quite certain nobody in their right mind is going to be cycling their fridge’s power on and off. What can help you to minimize the energy consumption of your refrigerator, however, is efficient usage of your fridge. Here are some quick tips on making sure you don’t overwork your refrigerator:

  • Minimize door openings – every time cool air escapes, the fridge works harder to replace the air, so keep the door open no longer than necessary.
  • Keep the refrigerator full, but don’t overpack it – a full fridge retains cold better than an empty one, but if your fridge is too full, it will obstruct the circulation of cold air inside.
  • Separate your fridge from heat sources – a 10 degree increase in surrounding temperature could result in up to 20% higher energy consumption
  • Allow hot foods to cool before placing them in the fridge – placing hot foods inside immediately causes the temperature to go up temporarily, and makes your unit work harder.

4. Water heaters

This came as a little bit of a surprise to me, but water heaters accounted for about 11% of electricity consumption. That being said, I know quite a number of people who just leave their water heaters on the entire day, even when they out of the house for work!

You could save about $110 a year just by only turning the storage water heater on when you need it, and turning it off after usage. There’s really no good reason at all to leave it on the entire day (unless there’s someone in your house who enjoys bathing continuously the whole day, which would present a whole different problem altogether).

5. Standby Power

You might not realise this, but just because you turn devices off, it doesn’t mean that it isn’t still consuming power. Standby power refers to the way electric power is consumed when appliances are turned off or are in standby mode.

It might seem like a small thing on a per-device level, but if you multiply that by the number of devices that are hooked up to a power source – TVs, computers, fans, kitchen appliances, just to name a few, this can add up to a significant amount. Using something like a power strip that connects multiple devices and allows you to cut the power at one go can help you to reduce this unwanted usage.

Conclusion

Apart from adapting your lifestyle behaviour, there are also many different power-saving innovations that are helping consumers to save on their electricity. Simple things like using LED lights can save you a huge amount of energy. At the end of the day, it’s about being aware of your consumption habits to ensure that you are not using more than you need.


Want to save more on your electricity bill? With the new Open Electricity Market, choosing the right energy provider to suit your needs can help you with significant cost savings. Find out more about what Geneco has to offer.

*Price is correct as of 31 Oct 2018 and is subject to change.


Asian roll-out of integrated brand for both business and consumer energy portfolios

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Asian roll-out of integrated brand for both business and consumer energy portfolios

Asian roll-out of integrated brand for both business and consumer energy portfolios

Singapore, 3 October 2018 – YTL PowerSeraya Pte. Limited (YTLPS) today announced the launch of Geneco, the integrated brand for both its business and consumer energy portfolios. The move comes ahead of the impending nationwide rollout of the Energy Market Authority (EMA)’s Open Electricity Market (OEM) beginning November 1, 2018.

Announcing the integration, Chan Swee Huat, Chief Executive Officer of YTLPS, said “The move to consolidate both our business and consumer portfolios under the Geneco brand signals our intent to be the preferred integrated energy provider for businesses and homes across Singapore.”

“We will do this by having a clear focus on innovation, cost-effectiveness and sustainability, and providing practical energy solutions.  For example, our fully-digital customer journey strips away unnecessary costs, so we can offer the best plans at the best prices, making energy more accessible to the people,” he said.

YTLPS is the second largest power generation company in Singapore with a licensed capacity of 3,100MW. Part of the global YTL Power energy network, YTLPS has been generating power for Singapore for 47 years and has been in business-to-business energy retail for close to 17 years.

Geneco draws its ethos from GENeco UK, a pioneer in sustainable energy solutions which has earned multiple awards for its work in recycling and renewable energy. GENeco UK is also owned by YTL Power International.

Commenting on the launch of Geneco in Singapore, Yeoh Keong Hann, Executive Director of YTL Power said, “At YTL Power, we recognise that energy is the driving force of development. The move to launch Geneco, with its eco-friendly ethos, is in line with YTLPS’ aim of building a sustainable energy future for Singapore. It is the first step in Geneco’s international expansion as an integrated sustainable energy solutions provider.”

He added, “By harnessing the knowledge of our international energy network, investing in more energy-efficient power generating assets, switching to less carbon intensive fuels and driving innovation, we are well-positioned to meet the energy needs of markets across Asia.”

EV Charging Infrastructure As a Platform for Growth

According to Mr. Yeoh, Geneco has earmarked the local electric vehicle (EV) sector as one that holds massive potential for growth and provides them with an opportunity to contribute to Singapore’s clean energy agenda.

“The newly rebranded entity will work with commercial fleets as well as building owners to roll out an electric vehicle charging network consisting of 1,000 charging points by 2025. By offering bundled electricity and EV charging solutions to customers, this network will serve the needs of a new generation of electric vehicles and cement Geneco’s position as owner and operator of the largest electric vehicle charging network by an energy retailer in Singapore,” he added.

Geneco’s integrated business offering is reflected in its new website (https://geneco.sg), which allows both business and residential customers a portal that tracks their energy consumption, offers a variety of plans and packages, and facilitates e-payments.


You have the power to make a change with Geneco, a top electricity retailer with 52 years of experience.

Geneco is one of Singapore’s top electricity retailer, belonging to a global network of energy and utility companies known as YTL Power International, which is a subsidiary of the YTL Group. Geneco’s parent company YTL PowerSeraya is also one of Singapore’s first and largest electricity generators, with a licensed generating capacity of 3,100 MW.


ENTER: GENECO - Power to Empower

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ENTER: GENECO – Power to Empower

A fresh, eco-friendly energy choice for Singapore’s newly liberalised retail energy market

Singapore, 16 March 2018 – Come mid-2018, Singaporeans will welcome a fully-liberalised electricity market, putting the choice of how to buy electricity firmly in the hands of the consumer. Enter: Geneco. With its promise of “Power to Empower”, the new retail energy brand is backed by Seraya Energy, the retail arm of the YTL PowerSeraya Group. This eco-friendly energy brand’s ethos stems from the United Kingdom, where Geneco UK – part of the wider YTL Group of companies – has been widely recognised and lauded for its work in recycling and renewable energy.

Announcing the launch of Geneco in Singapore, Hann Yeoh, Director of YTL PowerSeraya Group and Business Development Director of its parent company, YTL Power International, said,

“Seraya Energy has built a strong reputation in Singapore over the last 17 years as a reliable and customer-focused energy services provider. The introduction of Geneco in Singapore allows us to bring these values to the retail energy market, complemented by Geneco UK’s strong focus on innovation and sustainability.”

Geneco’s rallying call at launch will be “Power to Empower”, reflecting a customer-centric approach in its energy price plans. Customers will be empowered to achieve more out of their daily activities through a range of price plans suited to their household and lifestyle needs. At the same time, Geneco commits to building a sustainable energy future. The result: An eco-system of mutual empowerment between Geneco and its customers.

Yeoh added that the launch of Geneco would extend Seraya Energy’s existing B2B retail activities, making the company a full-spectrum energy provider, with the aim of bringing greater value to consumers. The company has built a reputation for excellent customer service with numerous industry call-centre awards under its belt, while YTL PowerSeraya is currently the second largest electricity generation company in Singapore.


You have the power to make a change with Geneco, a top electricity retailer with 52 years of experience.

Geneco is one of Singapore’s top electricity retailer, belonging to a global network of energy and utility companies known as YTL Power International, which is a subsidiary of the YTL Group. Geneco’s parent company YTL PowerSeraya is also one of Singapore’s first and largest electricity generators, with a licensed generating capacity of 3,100 MW.