Electricity tariffs up 6.5% from April

[kiasu_pig]

Price for natural gas is pegged to crude oil’s. Therefore when the latter fluatrate, the former will move in tandem with it. Burning of natural gas is supposedly a better green option, considering that it’s carbon emission / footprint is lower than diesel’s.


Whichever the case, utilities would definitely increase in time. Any reduction in tariff, would however be short-lived and unsuntainable.

[Way2GO]

I believe SG LNG is currently mainly supplied from Indonesian n Malaysian gas fields.

It is naïve to presumed dat going green was d reason to switch to LNG,
d main consideration was certainly dat LNG is cheaper than Diesel Oil (DO).
Whilst I would agree dat NG is more environmentally friendly than other fossil fuels,
however, d production, transportation n utilization of LNG is a major source of greenhouse gases.
NG is not greener than DO when its life cycle is taken in total.
Whilst LNG price is pegged to crude oil price, in LNG Price Agreements, d oil indexed portion is only a part of the price formula used.
D base price is constant. D prices r either review n revise periodically at agreed time intervals or trigger by some ‘special’ events.
Hv tariffs come down when oil prices dropped from >$100 to <$40 a barrel?

As showed by ANobleNerd’s stats, why d electricity tariffs keep going up (with d exception of one quarter)
despite SP increasing shifting to a cheaper fuel from year 2000 and also improved on efficiency with combined cycle technology?
A comparison with Hong Kong which is often used an economic benchmark vs SG, shows dat HKG’s electricity tariffs were > 40% less than SG in 2010.
My query n point is dat SP shd be more transparent n forthcoming than simply saying all d time dat d price hikes r due to oil price increases.
Who provides d check n balance in a monopoly?

[baong]

I was browsing some election news and read that TH sold Spore's energy providers to foreigners... :shock:


Mar 2008 – Tuas Power was sold to China Huaneng Group for $4.235 bil

Sep 2008 – Senoko Power was sold to Lion Power Holdings (comprsing Japanese Consortium) for $4 bil

Dec 2008 – PowerSeraya was sold to Sabre Energy (subsidiary of YTL Power International Berhad) for $3.8 bil

Is that true?! Pardon my ignorance ... but i dun remember reading this 2 years back.

No wonder prices keep going up up n up...

[Daddy D]

Currently, 1.00 unit of US Dollar will convert to 1.2475 units of Singapore Dollar.


All time low...

Why no reduction to our bills instead?

:? :? :?

[pinky]

baong:

I was browsing some election news and read that TH sold Spore's energy providers to foreigners... :shock:


Mar 2008 – Tuas Power was sold to China Huaneng Group for $4.235 bil

Sep 2008 – Senoko Power was sold to Lion Power Holdings (comprsing Japanese Consortium) for $4 bil

Dec 2008 – PowerSeraya was sold to Sabre Energy (subsidiary of YTL Power International Berhad) for $3.8 bil

Is that true?! Pardon my ignorance ... but i dun remember reading this 2 years back.

No wonder prices keep going up up n up...

:!: :!: :!: :!: :!: :!: very unwise move

[kwokwc]

My hubby used to work in Power Senoko as an electrical engineer. According to him, the power station are supposed to always buy at least 3 months more of fuel for power generation. However, due to govt privatisation of power station, they sell the electricity generated to PUB then PUB charge us. So he also doesn’t understand why everytime when announced oil price go up, electricity price goes up almost immediately too.

To him, he felt that, power generation should be in govt hand to ensure that electricity pricing is affordable and doesn’t keep going up. He left Senoko power station before it is bought over by oversea company. He thinks that after Temasek sell away all power stations, it is a bad bad move.

[hypergatak]

baong:

I was browsing some election news and read that TH sold Spore's energy providers to foreigners... :shock:


Mar 2008 – Tuas Power was sold to China Huaneng Group for $4.235 bil

Sep 2008 – Senoko Power was sold to Lion Power Holdings (comprsing Japanese Consortium) for $4 bil

Dec 2008 – PowerSeraya was sold to Sabre Energy (subsidiary of YTL Power International Berhad) for $3.8 bil

Is that true?! Pardon my ignorance ... but i dun remember reading this 2 years back.

No wonder prices keep going up up n up...

You hit the nail on the head! DH used to work in the energy industry, this is what he has been saying for years...to borrow his words \"SINGAPOREANS ARE BEING SCREWED BY FOREIGNERS\" These foreign companies are \"co-operating\" to charge high prices. According to him, if anyone cares to chart the relationship between oil prices and electricity tariffs, one would realise that the increase in our tariffs is much more than the increase in oil prices!!! Maybe someone should question the EMA chief, Lawrence Wong, who is joining politics, what has he been doing when he was EMA Chief???? Hope he is not one of those identified by our PM to be of ministerial quality.

[baong]

kwokwc:

To him, he felt that, power generation should be in govt hand to ensure that electricity pricing is affordable and doesn't keep going up. He left Senoko power station before it is bought over by oversea company. He thinks that after Temasek sell away all power stations, it is a bad bad move.

Agreed. I just can't understand why TH can sell this kind of key strategic asset of Singapore to foreigners?!

hypergatak:

You hit the nail on the head! DH used to work in the energy industry, this is what he has been saying for years...to borrow his words \"SINGAPOREANS ARE BEING SCREWED BY FOREIGNERS\" These foreign companies are \"co-operating\" to charge high prices. According to him, if anyone cares to chart the relationship between oil prices and electricity tariffs, one would realise that the increase in our tariffs is much more than the increase in oil prices!!! Maybe someone should question the EMA chief, Lawrence Wong, who is joining politics, what has he been doing when he was EMA Chief???? Hope he is not one of those identified by our PM to be of ministerial quality.

So now in Spore, the price of energy is at the mercy of these foreign companies... Sad

[kwokwc]

baong:

kwokwc:

To him, he felt that, power generation should be in govt hand to ensure that electricity pricing is affordable and doesn't keep going up. He left Senoko power station before it is bought over by oversea company. He thinks that after Temasek sell away all power stations, it is a bad bad move.

Agreed. I just can't understand why TH can sell this kind of key strategic asset of Singapore to foreigners?!

hypergatak:

You hit the nail on the head! DH used to work in the energy industry, this is what he has been saying for years...to borrow his words \"SINGAPOREANS ARE BEING SCREWED BY FOREIGNERS\" These foreign companies are \"co-operating\" to charge high prices. According to him, if anyone cares to chart the relationship between oil prices and electricity tariffs, one would realise that the increase in our tariffs is much more than the increase in oil prices!!! Maybe someone should question the EMA chief, Lawrence Wong, who is joining politics, what has he been doing when he was EMA Chief???? Hope he is not one of those identified by our PM to be of ministerial quality.

So now in Spore, the price of energy is at the mercy of these foreign companies... Sad

Come to think about it, maybe TH is earning even more by selling away. When they sell, they earn a huge sum already. Then when these power station sells electricity to EMA which in turns charges to us, we are just paying whatever is the increase. They are still earning the difference.
Not to forget, when power stations can't start a generator by the designated time, they are being fined. So they are still earning no matter what. But it is we, the citizens, that are poor thing now. Because EMA need to profit, we have to pay more.
Really Rubbish! :stupid:

[Nebbermind]

from what I see, since they sold the operations, EMA can now fine them if they fall below the required service level. If TH owns them, then it's like left pocket into right pocket...where got meaning? :lol: