Union Energy’s early termination charges are terribly excessive. So this isn’t an organization you need to join on a whim.
Be sure you evaluate electrical energy expenses between completely different retailers, and solely enroll in the event you’ve carried out your homework and are positive you wish to stick with Union Energy for a full six months.
Here is a deeper take a look at Union Energy’s solely residential plan.
|Union Energy Electrical energy Plan||Worth||Period of the contract|
|Union Saver 6 (Residential)||$zero.4815/kWh||Six months|
So how does the Union Energy 6 residential plan evaluate to different main electrical energy plans?
Effectively, contemplating that everybody will get the identical electrical energy from the Singapore energy grid, Union Energy’s plan is extremely costly in comparison with the cheaper electrical energy charges of $zero.2880/kWh from Geneco and Senoko.
ALSO READ: Methods to save lots of on electrical energy now that vitality costs are rising
5. Union Energy Photo voltaic Panels
Union Energy additionally has a photo voltaic arm, Union Photo voltaic, that provides and installs photo voltaic panels in your constructing or rooftop.
In the mean time, they solely have enterprise plans, so individuals who reside on land should look elsewhere to put in their photo voltaic panels.
Panel set up by means of Union Energy is free and they’ll handle all upkeep. It is possible for you to to eat inexperienced vitality straight on the location of the photo voltaic panels.
Nevertheless, you will nonetheless want to join a plan, however you will nonetheless get monetary savings as you will be provided a low long-term charge for the photo voltaic vitality you eat.
6. Union Energy inexperienced electrical energy
Though Union Energy presents photo voltaic plans and set up for companies, it doesn’t at the moment supply residential photo voltaic electrical energy plans.
As a family, the one electrical energy you will get from Union Energy comes from the identical Singapore energy grid that just about everybody else makes use of. That’s, most of it comes from burning pure gasoline, which whereas not as unhealthy as most different fossil fuels, is not precisely inexperienced.
If that offers you local weather change nightmares, there are a number of inexperienced electrical energy retailers that supply 100% photo voltaic and carbon-neutral electrical energy plans, together with Senoko, Sembcorp Energy, Sunseap, Keppel Electrical and Pacific Mild.
7. Union Energy low cost on charge plans
Sadly, Union Energy doesn’t at the moment supply any charge plan reductions.
Such plans was everywhere in the vary when the Open Electrical energy Market was a brand new factor and all of the retailers have been making an attempt to steer individuals to change from Singapore Energy. In 2019, you possibly can get reductions of 20% to 25% by means of low cost charge plans.
In the event you actually need a charge plan low cost, you will should go for Senoko LifeSaver, a 12-month contract that will get you three % off the SP charge of $zero.2990/kWh.
Union Energy used to supply many promotions. However unhealthy luck, they’re all expired.
These are 5 of the latest Union Energy promotions, all expired.
|Union Energy Promo Code||Promotion||Expiration|
|CITIUP15 or CITIUP30||Invoice reimbursement as much as $40 with Citi bank card||December 31, 2021|
|HSBC20 or HSBC35||Invoice reimbursement of as much as $45 with HSBC bank card||December 31, 2021|
|REJOICE20||$20 money again on electrical energy invoice||December 31, 2021|
|ENJOY10||$10 money again on electrical energy invoice||December 31, 2021|
|ENJOY20||$20 money again on electrical energy invoice||October 31, 2021|
So what occurs now? Sorry, there are not any present promotions for Union Energy. Wow.
In the event you actually need a deal, Pacific Mild has a number of the greatest retail electrical energy offers proper now, with as much as $80 in reductions out there.
READ ALSO: I attempted to go with out electrical energy for 24 hours; that is how i survived
9. Union Energy Reference Code
Most electrical energy retailers have referral packages that run indefinitely, however Union Energy’s referral program expired on November 14, 2021.
Whereas activated, you’ll get a referral code while you signed up. You possibly can then have your mates enroll together with your code, and you may each earn three,000 rewards factors, equal to $30.
Hopefully Union Energy decides to deliver again the referral program. In any other case, as a consequence of their excessive charges, we won’t consider a great motive to rent them proper now.
This text was first printed on MoneySmart.