Open Electricity Market or OEM in short, gives households and businesses in Singapore the freedom to purchase electricity from a retailer of their choice. This provides consumers with more options and increased flexibility in picking a price plan that best suits their electricity needs. A bigger market will also lead to greater competition, which, in turn, brings about better electricity prices and more attractive plans for homes and businesses.
In short, you’ll get better choices and bigger savings.
We’re everything you need to power your home.
Browse our wide range of plans for one that best suits your needs.
Take five minutes (or less) to fill in your details.
Hassle-free account transfer from SP. We’ll take care of everything else from here. And don’t worry – switching won’t cause any disruption to your electricity supply.
With over years of experience in the energy business, you could say that we know a thing or two about power. Because we don’t just sell it, we also generate approximately 25% of the electricity in Singapore. So you can trust us to keep your homes and businesses running.
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Manage your Geneco account with ease, right at your fingertips!
by Alvin Chong
Geneco is an electricity retailer and we belong 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.
In Singapore, we were previously retailing electricity under Seraya Energy, which was established in 2001. Through the years, Seraya Energy earned a reputation for its cost-effective and value-added energy plans for both commercial and industrial customers. We also received numerous awards for outstanding customer service.
In 2018, with the liberalisation of the Singapore electricity market, YTL PowerSeraya re-established its retail brand in Singapore as Geneco. Besides Seraya Energy’s commercial and industrial customers, we now also cater to households and small and medium enterprises. This unification of the retail brand in Singapore allows us to provide customers with a seamless and more efficient service experience.
At Geneco, we believe that we have the responsibility to do what’s right for the environment and for future generations. That is why we are constantly looking to explore and develop energy-centred projects to build a sustainable energy future for Singapore and, on a larger scale, to save our planet.
Additionally, Geneco is also committed to improving the community in which we operate. We regularly participate in social initiatives and organise various social activities for the community.
Geneco has officially become the leading residential electricity retailer in the nation. This would not have been possible without the trust and support from our customers that have helped us to grow our family to be the biggest in the country with over 160,000 homes. This milestone further motivates Geneco to push forward and Power The Change for a better, brighter and greener tomorrow.
On March 2022, Geneco not only celebrated its 4th Anniversary but also the significant milestone of having over 150,000 homes who have chosen Geneco to be their preferred electricity retailer. This milestone was made possible by the continuous support from our customers who have welcomed us into their homes and helped us grow the Geneco family day by day.
Along with the unveiling of the Singapore Green Plan 2030 by the multi-agencies, Geneco is even more motivated to encourage and ease Singaporeans in embarking on a journey towards building a greener home for all with the launch of Power Eco Add-on – Singapore’s FIRST and ONLY customisable green add-on for an electricity plan.
With the Open Electricity Market initiative rolled out nationwide to all consumers, many Singaporeans have placed their trust in Geneco. Within the first year, more than 100,000 households in Singapore have chosen Geneco as their preferred electricity supplier.
Geneco by Seraya Energy was launched in response to the liberalisation of the Singapore electricity market. In the same year, Seraya Energy was renamed to Geneco to build a single retail brand. The re-branding seeks to strengthen the company’s position as a total energy solutions provider, as well as facilitate a more efficient and effortless experience for customers.
Seraya Energy was ranked Singapore’s 3rd fastest growing company under The Fastest Growing 50 (FG50) Certification.
Seraya Energy Pte Ltd was formed and granted license as a private electricity retailer, to serve the electricity needs of corporate and industrial customers.
PowerSeraya's Pulau Seraya Power Station at Jurong Island was fully completed.
Stage 1 of PowerSeraya's first power station in Jurong was completed - firing up Singapore's drive for economic expansion and technology.
Geneco is Seraya Energy’s retail energy brand. Our “Power The Change” manifesto stems from the United Kingdom, where Geneco UK – part of the wider YTL Group of companies – has been acclaimed for its work in recycling and renewable energy.
years of experience in power generation since 1971
years of award-winning customer service in electricity retailing since 2001
years of international energy expertise
Find the best ways of buying electricity that allow you to choose what you need. Through our parent company YTL PowerSeraya, we are exploring different ways to bring clean energy to more homes across the island.
In the UK, nothing keeps us going like clean, green energy. We start with landfills of junk and sewage,
and use that to power homes, buses, cars and more. If fact, the magic starts when waste comes to us.
When refuse comes to our facility in the Bio Bee, our biomethane-powered truck.
These buses run 300km on a single tank of biogas.
You could travel from Tuas to Changi, more than 6 times on a tank of gas!
The bio beetle runs on bio methane.
The waste from 70 homes can provide its fuel for a year.
From bio-methane that has a similar makeup to natural gas, we supply energy to thousands of homes.
Farmers love our end product. It’s like good nutritious food, but for soil.
Geneco treats arable land the size of Singapore with 220,000 tonnes of organic fertiliser.
Safe-to-use grey water is pumped into factories for use as coolant.
Hard waste that doesn’t get converted to fuel is safe enough to be used in land reclamation projects.
Organic Resource Award
Outstanding Recognition Award
Environmental Business of the Year
Team of the Year – Private Sector
Sir Peter Parker Award for Business Leadership
Low Carbon Road Transport Initiative of the Year
Best Operational Team
Geneco is all about building a sustainable energy future.
As part of the global YTL Group, we are committed to building the right thing, because it’s the right thing to do. Through YTL Power International, we own a global energy network that includes power generation plants in Malaysia, Singapore and Indonesia; Wessex Water Services Limited, UK, a water & sewerage services company as well as part ownership of ElectraNet S.A. which owns and operates the electricity transmission network in South Australia.
We are known for reliability and excellent customer service, as well as a focus on innovation, cost-effectiveness and sustainability. The result: A brand committed to building a sustainable energy future for Singapore, and an eco-system of mutual empowerment between Geneco and its customers.
We are committed to offering you the most competitive rates in town.
If you see a price lower than ours within 7 working days of signing up, Geneco will refund you the difference for your contracted period.
Terms & Conditions
Switch to super low fixed rate now!
No hidden charges or monthly administration fees!
Plus, kick-start your eco-journey with Singapore’s FIRST and Only customisable green add-on - Power Eco Add-on from just $1 more per month^.
Kindly note that if you are an existing Geneco customer, you can renew easily through the Self-Service Portal.
per kWh (inc. GST)
Promo code: PROMOCODE($50 off bill rebate)
Add on Power Eco
With a fixed electricity rate for the duration of your contract, you’ll never have to worry about any fluctuations in the electricity market.
Please check back in a moment for more exciting plan with no hidden charges or monthly administration fees!
^Based on Carbon Credits (CCs) of 25% at 0.25¢/kWh (before GST). Calculated based on a household consumption of 400 kWh/month and grid emission factor from EMA Statistics, Singapore Grid Emission Factor (GEF), 2021.
Find out more here for homes with solar panel installations.
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!
Maximise savings on your electricity bill with these exclusive offers!
Get up to $1,000 bill rebate with our Power Eco Total Home Solution
★ ★ ★ ★ ★
Many good reviews and explanation is detailed enough before i sign up the contract with Geneco. Rate is competitive with other electric provider in the market too, finally choose Geneco because your staff positive attitude. Look forward
to your service rendered in future! 😊
It's been 3 months and so far the bills have shown significant savings. No hiccups in the switch and the rebates were useful. Strongly consider this as your option when deciding on your electricity provider.
Have walked through roadshows and read many online reviews; Geneco seems to be of best value and reliability among all the companies.
EDIT: no disruption to switch and it's been 2 months since switching and the savings on electricity per month are a whopping ~30%.
*Certain credit cards also offer rebates.
*10 Aug* I cannot emphasise any furthur how easy it is to switch, and that the amount of value and savings from switching to Geneco seems almost ridiculous. You can continue researching all you want, but I believe this has the best value and also the most reliable amongst all the companies.
You literally will pay nothing for the first few months.
I've picked to use the fixed 24 mth contract (due to rising tariffs). Don't end up paying more if tariffs keep increasing!
Switched and already Signed up with Geneco. By far the best and the lowest yet reasonable tariffs OEM providers in town. Was introduced by a fellow colleague about Geneco and the explanation about the process was also done by him. Grateful for the help and my family is definitely happy that we decided to switch to Geneco.
Sign up process was easy online. Bill comes on time into my email and company provides gppd rates and discounts for my bill.
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