[LOL] Sinkie stir on FB that SP Group lying about energy cost of 9.3% electricity tariff

[toolbox03]

CCS can explain?

He tell chiu cotton cum from sheep

 

[maniamcool]

this what happen when people with zero experience in the relevant industry are parachuted into top management positions

 

[wokhei]

those on electricity retailer not affected right?

 

[SBC]

This will bring the downfall of ...

 

[Pueh Kee]

who are to blame here?
singaporeans

it is because singaporeans wanted competition thus all the other brands came in to snatch sp group's already thin profit margins. just like how singaporeans wanted competition in cable tv space then epl prices got jacked up because singtel and starhub fought over rights.
same thing is happening here. singaporeans don't understand that our economy is too small for competition. a monopoly will help keep prices lower and be more competitive. same as in our political sphere.

now who ends up paying the bill? singaporeans
we dug the mess, we should clean up the mess.
instead of supporting other electricity providers, we should let them all die a quiet death and go back to supporting sp group
only that way will we be able to keep prices low and affordable

What an argument LOL.
First time i hear monopoly keep price low.

Prices are determined by how much consumers are wiling to pay for goods, so you are saying if sgean willing to pay for epl, they will charge cheaper if they can charge more? They have already done their homework on how far and much sgean are willing to pay for epl, why u think they dare to bid? As long as consumer are willing to pay, their guideline is to maximize the profits.

Btw, a monopoly will never keep price low, only government intervention can. monopoly only breed complacency, Someone already state to you the example on grab comfort uber case. Then u bring in politics, but its also funny government started listening after they lost 2 grc, which weirdly sounds like a bad thing to u?

 

[hmsweethm]

inflation in sg is created for profits..... to some people’s pocket so that they can enjoy the Swiss standard of living at the expense of the rest of the population.

 

[Laneige]

Wa I like to see data n statistics
Our media do what one
Why never question
1 billion still increase tariffs
Seriously because of what
Can say n can show historical index n up n low too compared to prices n tariff? Else only say reason but who knows n confirm?

 

[sanzhu]

Why so much argument here? Just compare the numbers.

SG electricity tariff vs natural gas price. See how they diverge over the years.

So what costs in between has risen to cause the widening gap? Senior management salary?

And for those who claim that transport cost is the culprit, here's a similar comparison against Japan spot LNG price.

Source of data quoted in the pics.

Fat cat Liew shared his hedging strategy

Oil prices plunged again

 

[Laneige]

Why so much argument here? Just compare the numbers.

SG electricity tariff vs natural gas price. See how they diverge over the years.

So what costs in between has risen to cause the widening gap? Senior management salary?

And for those who claim that transport cost is the culprit, here's a similar comparison against Japan spot LNG price.

Source of data quoted in the pics.

Why go down but prices go up

 

[nymous]

I suspect
Power charges dont follow natural gas spot prices much
Why?
In commodities world
Buy and selling of commodities are contracted
Its fixed price mechanism.
Say now LNG is $2
I contract for LNG now at $2.
1 year later LNG price fell to $1. I’ll still be paying $2 for the LNG i take delivery next year.
Then i pass on this “loss” to my customers

By the way.
Tiagong its industry norm for LNG contracts to be contracted anywhere between 5-15 years
Dont be surprised that the LNG they take delivery now is based on market prices 10 years ago
Tiagong nia

Wow thats moron startegy.. moron sia strategy

 

[coern]

Basket, people like you are the type to ask why Yakun charges so much for half boiled eggs. NTUC is $4.50 for a tray of 30 so Yakun should just sell for $0.15 each right...

'Energy Cost (paid to the generation companies).

This component is adjusted quarterly to reflect changes in the cost of fuel and power generation. The fuel cost is the cost of imported natural gas, which is tied to oil prices by commercial contracts. The cost of power generation covers mainly the costs of operating the power stations, such as the manpower and maintenance costs, as well as the capital cost of the stations.'

https://www.spgroup.com.sg/what-we-do/billing

Why so much argument here? Just compare the numbers.

SG electricity tariff vs natural gas price. See how they diverge over the years.

So what costs in between has risen to cause the widening gap? Senior management salary?

And for those who claim that transport cost is the culprit, here's a similar comparison against Japan spot LNG price.

Source of data quoted in the pics.

 

[coern]

your CSB is damn lousy can.

who the hell sells commodities on 5 to 15 yr fixed price contract??

can't believe there are kumgongs here that believe you...

I suspect
Power charges dont follow natural gas spot prices much
Why?
In commodities world
Buy and selling of commodities are contracted
Its fixed price mechanism.
Say now LNG is $2
I contract for LNG now at $2.
1 year later LNG price fell to $1. I’ll still be paying $2 for the LNG i take delivery next year.
Then i pass on this “loss” to my customers

By the way.
Tiagong its industry norm for LNG contracts to be contracted anywhere between 5-15 years
Dont be surprised that the LNG they take delivery now is based on market prices 10 years ago
Tiagong nia

 

[topiari]

this what happen when people with zero experience in the relevant industry are parachuted into top management positions

Like seekar VP in sinkie banks?

 

[rampage333]

I mean, if they dare to announce the price hike, they should dare to take criticism

 

[whatheheck]

 

[lingalong]

Hedge ah hedge

 

[Discarded]

Even if it's hedged, then 6 months later electric tariff should fall? But 6 months later they will magically follow the higher price.

Just like those coffee stall. Raise price cause coffee powder price increase that quarter.

The next quarter coffee powder price drop, they happily pocket the extra money.

Really all robbing citizens at its finest during covid.

Electricity up, insurance up, new ERP. What else they forget? PUB bills?

Why rob citizens and lose money to shithole India?

 

[ridiculous?]

JSKM
ish tis huat they call bao jiak?

 

[plmokn]

Need to stir until opp bring this up in paliment

 

[whatheheck]

JSKM
ish tis huat they call bao jiak?