Green Instruments (Business)
HOW CAN MY BUSINESS REDUCE GHG EMISSIONS?
Apart from actively eliminating or reducing GHG emissions, depending on your business, your company can elect to purchase various internationally recognised instruments, such as renewable energy certificates or carbon credits, to validate the use of green energy and offset GHG emissions.
Carbon Credits
One of the most widely accepted certification standards for carbon credits is the Voluntary Carbon Standard (VCS).
Under the VCS programme, certified projects where GHG emissions are avoided or reduced are issued unique carbon credits known as Verified Carbon Units (VCU), where each VCU represents one metric tonne (MT) of GHG reduced or removed from the atmosphere. Examples of such projects include, but are not limited to, forestry, renewable energy and biomass-based power generation.
By retiring VCUs, organisations can claim the environmental attributes associated and have the right to report having offsetted their GHG emissions or utilised carbon neutral electricity (provided volume of VCUs retired match the total volume of emissions).
VCUs are valid for all Scope 1, 2 and 3 emissions.
Renewable Energy Certificates
International Renewable Energy Certificates (I-REC) are recognised by the Greenhouse Gas Protocol Scope 2 Guidance as a tool to document electricity consumption from renewable energy sources outside of Europe and North America.
Each I-REC represents proof that 1 megawatt per hour (MWh) of renewable energy has been produced and embodies the environmental benefits that amount of renewable energy has generated. Renewable energy projects include those such as solar, wind and hydro. By redeeming I-RECs, organisations can claim the use of renewable energy or zero-emission electricity (provided volume of I-RECs retired match the total volume of electricity consumed).
Another type of renewable energy certificate is the Tradable Instrument for Global Renewables (TIGR). This is currently issued by various solar projects in Singapore with several other projects under development in various Southeast Asian countries. TIGRs possess similar attributes as I-RECs and work in essentially the same way. I-RECs and TIGRs are valid for Scope 2 emissions.
WHAT ARE GREENHOUSE GASES?
GHG, or greenhouse gases, are gases that trap heat in the atmosphere.
The GHG Protocol Corporate Standard divides a company’s emissions into direct and indirect emissions:
Direct emissions
Are emissions from sources that are owned or controlled by the reporting company.
Indirect emissions
Are emissions that are a consequence of the activities of the reporting company, but these occur at sources owned or controlled by another company.
Emissions are further divided into three scopes:
Scope 1
Emissions from operations that are owned or controlled by the reporting company such as those from combustion in boilers, furnaces, vehicles, or emissions from chemical production process equipment.
Scope 2
Emissions from the generation of purchased or acquired electricity, steam, heating, or cooling consumed by the reporting company.
Scope 3
All indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions such as those from the production of purchased products, transportation of purchased products, or use of sold products.
Our Plans (Business)
Fixed Price Plan
Pool Price Energy Plan
Electricity rate tagged to the wholesale market where rates fluctuate every half an hour depending on market demand and supply equilibrium and are volatile.
Risk Indicator
High
Price Certainty
Low
This plan works for you if you:
Are able to accept high volatility in energy pricing and are willing to manage the risk of exposure in exchange for potentially low energy rates.
Key Benefits
- Flexible contract terms available
- Option to convert electricity rates when oil prices are low
Biz Fixed 24
24 months
¢/kWh (inc. GST)
With a fixed electricity rate for the duration of your contract, you’ll never have to worry about any fluctuations in the electricity market.
Risk Indicator
Low - Medium
Price Certainty
High
This plan works for you if you:
Prefer cost certainty over a fixed length of time
Key Benefits
- Protected against rate volatility
- Improves financial planning and allows for more effective budgeting
Biz Fixed 12
12 months
¢/kWh (inc. GST)
With a fixed electricity rate for the duration of your contract, you’ll never have to worry about any fluctuations in the electricity market.
Risk Indicator
Low - Medium
Price Certainty
High
This plan works for you if you:
Prefer cost certainty over a fixed length of time
Key Benefits
- Protected against rate volatility
- Improves financial planning and allows for more effective budgeting
Price Match Guarantee
We are currently updating our Geneco plans.
Please check back in a moment for more exciting plan with no hidden charges or monthly administration fees!
Go Green with Power Eco
Simply choose Carbon Credits (CC) or Renewable Energy Certificates (REC) and the level of % that you are comfortable with to add on to your Base Price Plan and you're off to a great start on your eco-lifestyle!
Home (Business)
POWERING YOUR BUSINESS TOGETHER
For the right plans to fit your business, start by telling us more.
Monthly Usage below 20,000kWh
( Single Premises )
Monthly Usage below 20,000kWh
( Multi Premises )
Monthly Usage above 20,000kWh
( Single & Multi Premises )
Fixed Price Plan
Pool Price Energy Plan
Electricity rate tagged to the wholesale market where rates fluctuate every half an hour depending on market demand and supply equilibrium and are volatile.
Risk Indicator
High
Price Certainty
Low
This plan works for you if you:
Are able to accept high volatility in energy pricing and are willing to manage the risk of exposure in exchange for potentially low energy rates.
Key Benefits
- Flexible contract terms available
- Option to convert electricity rates when oil prices are low
Biz Fixed 24
24 months
¢/kWh (inc. GST)
With a fixed electricity rate for the duration of your contract, you’ll never have to worry about any fluctuations in the electricity market.
Risk Indicator
Low - Medium
Price Certainty
High
This plan works for you if you:
Prefer cost certainty over a fixed length of time
Key Benefits
- Protected against rate volatility
- Improves financial planning and allows for more effective budgeting
Biz Fixed 12
12 months
¢/kWh (inc. GST)
With a fixed electricity rate for the duration of your contract, you’ll never have to worry about any fluctuations in the electricity market.
Risk Indicator
Low - Medium
Price Certainty
High
This plan works for you if you:
Prefer cost certainty over a fixed length of time
Key Benefits
- Protected against rate volatility
- Improves financial planning and allows for more effective budgeting
We are currently updating our Geneco plans.
Please check back in a moment for more exciting plan with no hidden charges or monthly administration fees!
Go Green with Power Eco
Simply choose Carbon Credits (CC) or Renewable Energy Certificates (REC) and the level of % that you are comfortable with to add on to your Base Price Plan and you're off to a great start on your eco-lifestyle!
WHY GENECO
Smart savings start here
With one of the lowest electricity rates in town, you can get savings of up to 15% every month. And lower overheads mean bigger profits. Every business runs differently, so why shouldn’t your energy plan be tailored to suit your company’s needs?
Energy you can trust
With over 50 years of power generation, award-winning customer service and innovative green initiatives, we know all about keeping your world powered. Log into your customer account at any time to view your bills, monitor your energy usage and get regular updates about the electricity market.
HERE’S WHAT PEOPLE ARE SAYING ABOUT US
Keeping operating costs low has always been a top priority for a small local business like ours. With the opening up of the electricity market, it spells good news for us as we are now given a choice to sign up for an electricity plan that best suits our business needs. I signed up with Geneco's fixed price plan for 24 months as their rates are one of the most competitive in the market. With a fixed price plan, it means that I can focus on my core business and need not worry about surges in my electricity bill as long my electricity consumption pattern remains about the same. I had switched to since February 2019 and it has helped me saved about 17% each month. There were minimal adjustments and it only took about a month for our contract to commence with Geneco.
Simply Hamper Singapore Pte Ltd - Alexis Tan, Managing Director
Geneco has been a part of the Aalst Chocolate Family since the company started in 2003 and it has been a pleasant journey. We are glad that Geneco constantly delivers reliable and good power rate options with excellent customer service. Their patience and dedication in understanding our business has provided us both short and long term flexible options that is key in today’s bottom-line driven business climate. They have also eased our payment lead time through their customised and innovative payment methods. With their professionalism and deep market insights, Geneco has certainly evolved from being a supplier to our long-term business partner.
Aalst Chocolate Pte Ltd - Connie Kwan, Co-founder & COO