(Save up to $175) Geneco Referral Code : 98750699

Use referral code 98750699, and get a S$20 bill rebate when you sign up for a Geneco electricity plan online in Singapore. Stack with POWER100 for up to S$155 off. Sign up now.

What Is Geneco and Why Use It

Geneco is a licensed electricity retailer under Singapore’s Open Electricity Market (OEM), run by Seraya Energy — a subsidiary of YTL PowerSeraya with decades of power-generation heritage here.

Under the OEM, you can buy electricity from a retailer of your choice instead of paying the regulated SP tariff. The important part: your supply does not change. The same SP Group grid carries your power, with the same reliability — only the rate you pay and who bills you change.

So why switch to Geneco?

• Lower rate. The flagship Get It Fixed 24 plan is 28.30¢/kWh (incl. GST), which Geneco markets as the lowest fixed rate in town — below the current regulated tariff of roughly 29.7¢/kWh.
• Price certainty. The rate is fixed for 24 months, so market swings don’t hit your bill.
• No hidden costs. No transmission loss charges and no monthly administration fees.

If you’re already paying the SP tariff, switching is the part that saves you money over time. The referral code is the bonus on top.

Geneco Referral Code: 98750699 — What You Get

Enter referral code 98750699 during online sign-up and you receive a S$20 bill rebate.

The S$20 lands as a rebate on your electricity bill — it offsets what you owe rather than arriving as cash.

How to Use the Geneco Referral Code (Step-by-Step)

1. Go to geneco.sg and choose a plan. Get It Fixed 24 is the most popular and carries the best current promo.
2. Have your details ready. You’ll need your SP account number, NRIC and premise address. Singpass may be used to verify your identity.
3. Apply the promo code. Enter POWER100 in the promo code field for a S$100 bill rebate (valid till 20 July 2026, online sign-ups only).
4. Enter the referral code. Type 98750699 into the “Referral Code” field for the extra S$20 rebate.
5. Set up recurring card payment. Pay by an eligible credit or debit card (see below) to unlock an additional rebate.
6. Submit online. Both rebates are credited to your bill once your contract commences — not instantly, and not as withdrawable cash.

Stack It: Promo Code + Credit Card Rebates

This is where Geneco rewards a bit of homework. The referral code alone is S$20, but it’s designed to stack — Geneco’s own promo page even lists “use your friend’s referral code” as step 3 of the deal. Here’s the full picture for Get It Fixed 24 as of July 2026:

Other card options: the Tiger BOSS debit card gives up to S$30 and Citi credit cards give S$20 as one-off rebates, while the OCBC 365 credit card gives 3% ongoing cashback on your Geneco bills instead.

My take after looking at the structure: the sharpest play is to use whichever card gives the largest one-time rebate at sign-up (Maybank, currently S$35), then keep paying with a strong cashback card long-term. The sign-up rebates are once-off; the per-kWh saving and any ongoing cashback are what keep paying you across the 24 months.

Eligibility & Terms You Should Know

Be clear on the limits before you sign up — it saves disappointment later:

• New online sign-ups only. The referral code works online and cannot be used at a Geneco roadshow.
• Plan restrictions. The referral bonus does not apply to the Give Us A Try or Get It Fixed 7 To 7 plans.
• Promo code expiry. POWER100 is valid till 20 July 2026. Geneco refreshes its codes regularly, so if it has lapsed, check the official promotions page for the current one — the referral bonus itself is ongoing.
• It’s a bill rebate, not cash. Rebates offset future electricity bills; you can’t withdraw them.
• Contract length. Get It Fixed 24 runs for 24 months. As with most fixed OEM plans, early termination charges may apply, so read the plan T&Cs before switching.
• Account holder. You generally need to be the premise account holder, with a Singapore address on the SP grid.

Is the Geneco Referral Bonus Worth It?

Honestly, S$20 on its own is modest. But it’s free, it stacks, and it takes ten seconds to enter — so if you’re switching to Geneco anyway, skipping the code means leaving money on the table for no reason.

The bigger value sits in two places. First, the full sign-up stack of up to ~S$155 is genuinely substantial. Second, and more durable, is the rate: paying around 27.50¢/kWh instead of the ~34.8¢ regulated tariff across 24 months adds up far beyond any one-off rebate, especially for larger households running aircon in a condo or landed home. With the SP tariff having jumped this quarter, the per-kWh saving alone can outweigh the entire rebate stack within a few months for a typical household.

So the referral code isn’t the reason to choose Geneco — the rate is. The code just makes a good switch slightly better.

Before You Switch: A Quick Geneco Checklist

A rebate is only worth it if the switch makes sense for your household. Run through this first:

• Check your renewal window. If you’re already with a retailer, you can usually sign your next Geneco contract up to 90 days before your current one ends — so you lock in the rate without paying early-termination penalties on the old plan.
• Know the lock-in. Get It Fixed 24 is a 24-month contract. Leaving early typically triggers an early-termination charge, so pick a tenure you’re comfortable holding.
• No security deposit, no disruption. Most residential sign-ups don’t require a deposit, and your supply never cuts out during the switch — the physical grid stays SP Group’s.
• Set up GIRO or recurring card payment. The credit card rebate only applies if you set up recurring payment at sign-up, so decide your payment method before you start.
• Consider the Power Eco Add-on. For around S$1 more a month you can offset your usage with Renewable Energy Certificates — optional, but worth a look if going green matters to you. Promotions sometimes waive the add-on fee for an introductory period.
• Match the plan to your usage. Get It Fixed 24/12 suit most homes. If your household runs heavy at night, the time-of-use Get It 7 To 7 plan can be cheaper — but remember the referral and promo codes don’t apply to it.

Power-Saving Tips to Shrink Your Geneco Bill

The rebate is a one-off; your habits compound every month. In Singapore, air-conditioning is by far the biggest driver of a household bill, so most of the savings live there:

• Set your aircon to 25°C. Every degree lower meaningfully raises consumption. Pair it with a ceiling or standing fan and you’ll feel just as cool at a higher set temperature.
• Clean your aircon filters monthly and service the unit regularly. A clogged filter forces the compressor to work harder for the same cooling.
• Use the aircon timer. Setting it to switch off a couple of hours after you fall asleep avoids cooling an empty-conscious room all night.
• Kill standby power. Switch off appliances at the wall socket — set-top boxes, chargers, the bedroom TV. “Vampire” standby load runs silently 24/7.
• Check the energy label before you buy. More ticks on the NEA energy-efficiency label means lower running cost. Fridges and aircon units are where this matters most over their lifespan.
• Run full loads and air-dry. Wash clothes in full loads and skip the tumble dryer — Singapore’s climate dries laundry quickly, and dryers are power-hungry.
• Switch to LED lighting throughout the home if you haven’t already; it draws a fraction of the power of older bulbs.
• Use the Geneco app to spot spikes. Tracking your daily usage in the app helps you catch an unusually high day — often a sign of an aircon left running or a faulty appliance.

None of these are dramatic on their own, but together they can trim a noticeable slice off each bill — which outlasts any sign-up rebate.

FAQ

FAQ

What is the Geneco referral code? The referral code is 98750699. Enter it in the “Referral Code” field when you sign up for a Geneco plan online.

Does the Geneco referral code still work in 2026? Yes. The referral programme is ongoing, and 98750699 is valid for new online sign-ups in 2026.

How much is the Geneco sign-up bonus with a referral code? You get a S$20 bill rebate from the referral code. Stacked with promo code POWER100 and an eligible card, the total can reach up to about S$155.

Can I use the referral code if I already have a Geneco account? No. The referral bonus is for new sign-ups only. Existing customers renewing their contract aren’t eligible for the referral rebate.

How long does the bonus take to credit? The S$20 rebate is credited upon the commencement of your contract and appears on your electricity bill rather than as cash.

Can I stack the referral code with a promo code? Yes. The referral code is designed to stack with a promo code (currently POWER100, valid till 20 July 2026) and a credit card rebate on the same sign-up.

Which credit cards give extra Geneco rebates? Maybank credit cards (up to S$35), the Tiger BOSS debit card (up to S$30) and Citi credit cards (S$20) give one-off sign-up rebates, while the OCBC 365 credit card gives 3% ongoing cashback on Geneco bills.

Is the rebate cash or bill credit? It’s a bill rebate. It reduces your future electricity bills and cannot be withdrawn as cash.

Does the referral code work for all Geneco plans? No. It does not apply to the Give Us A Try or Get It Fixed 7 To 7 plans. It works on standard plans like Get It Fixed 24.

Can I use the referral code at a Geneco roadshow? No. The referral code is exclusive to online sign-ups.

What’s the difference between the promo code and the referral code? The promo code (POWER100) is a Geneco campaign offer for a bill rebate and changes every few weeks. The referral code (98750699) is a friend’s mobile number that gives both of you an extra S$20. You can use both together.

Will my electricity supply change if I switch to Geneco? No. Your power still flows through the same SP Group grid with the same reliability. Only your rate and billing change.

Do I need to pay a security deposit to sign up? Most residential sign-ups don’t require a deposit. Geneco confirms this during the online sign-up flow.

Is there an early-termination charge? Yes. Get It Fixed plans are fixed-term contracts, so leaving before the end date usually incurs an early-termination charge. Pick a tenure you’re happy to hold.

Can I switch to Geneco before my current contract ends? Generally yes — you can typically sign your Geneco contract up to 90 days before your existing one expires, locking in the rate without breaking the old plan early.

What’s the single biggest way to lower my electricity bill? Air-conditioning. Setting it to 25°C, pairing it with a fan, and cleaning the filters monthly usually delivers the largest, most consistent savings for a Singapore home.