Open Electricity Market (OEM) [NO SHARING/REQUEST OF CODES] - Part 5

[Broadwalk]

Ok I just check the website, I am confuse with Tuas power. After refresh I am seeing 22.5 rate again.

 

[Broadwalk]

The current rate for fixed 24 mth is the same as yrs rate in sept.See photo.

Yah I just checked, funny I was seeing other thing. So better grab as the rate is attractive.

 

[Broadwalk]

The current rate for fixed 24 mth is the same as yrs rate in sept.See photo.
DOT is good only if oil price is declining or stable whereas fixed is hitch against rising oil prices.

Just now I saw Tuas power listing price as 24.4 then after I do check with you and others, the website revert back to 22.5.

I am puzzle why do I see the price plan of 24.4 then?

Maybe its a hint that they are adjusting it soon?

 

[Foxy_85]

Just now I saw Tuas power listing price as 24.4 then after I do check with you and others, the website revert back to 22.5.

I am puzzle why do I see the price plan of 24.4 then?

Maybe its a hint that they are adjusting it soon?

sorry comparing this vs geneco 22.20 cents .. I tot the later is more competitive?

 

[Skoda29]

sorry comparing this vs geneco 22.20 cents .. I tot the later is more competitive?

 

[Skoda29]

Very hard to predict where oil price heading in this unprecedented time.

 

[hfngshnll]

I wonder what is the logic behind this? Maybe the logic is that the SP Services regular tariff wont be increased proportionate to the rise in costs, inorder to save consumers from getting hit, so this means in future SPWS tariffs are going to increase beyond SP services regular tariff and OEMs are just saving their margins by reducing the DOT %.

sp tariff is a function of oil price (`70%) + fixed running costs (reviewed annually).

spws is a function of (electricity generation capacity vs demand) & oil price. based on the divergence seen since 2012, it appears that the (capacity vs demand) factor has a much greater influence on spws than oil price.

maybe the retailers are expecting convergence of the gap between sp tariff & spws, but they still have their margins protected at their reduced discounted % rate. their fixed rates probably already priced in a fat margin previously.


can roughly see the gap below :

https://www.emcsg.com/marketdata/markettradingreports

 

[oetem]

Finally submitted to move over to GENECO 1 year fixed plan from SPWS. After $45 rebate, it comes to the same rate as September SPWS rate+3.1% tariff increase. At least don't need to worry about the spike.. I have a weak heart.. Hahaha.

 

[Extremme]

Not sure how Open market SP Group will look like now. I am still on open market

 

[mgx-alander]

moi OHM expiring this month, couldnt change plan before that at 0.185

really suay

 

[Broadwalk]

moi OHM expiring this month, couldnt change plan before that at 0.185

really suay

Ohm now very expensive. If you used to one single bill can consider those who are in same bill one. Else I think now the so call cheaper rate/kwh is from i-switch or geneco. But not same SP bill.

 

[mgx-alander]

i just changed to tuas power 12 months but knn nv receive confirmation email

duno got go thru or not

 

[oetem]

i just changed to tuas power 12 months but knn nv receive confirmation email

duno got go thru or not

For Geneco, you can immediately login to their app or website after sign up. All your information appears in the account. Currently, it indicates pending account transfer- To Be Advised.

 

[ichinisan]

i just changed to tuas power 12 months but knn nv receive confirmation email

duno got go thru or not

Fixed plan or DOT?

 

[revhappy]

Union power DOT now only 10% off.

 

[thepillow]

Is the sg govt going to do anything with the rising spot and wholesale price mah??? Or too busy handling covid liao then cannot spot check the gencos

Is it all the gencos take turns to have some faulty issue then keep maintaining/push up the usep. Gl to those on wholesale plan!!!

 

[Foxy_85]

sounds like u transit out from sp whole sale already? haha

 

[thepillow]

Government should really investigate whether the gencos are forming a cartel and taking turns to reduce supply and having sudden unscheduled maintenance... and driving up wholesale price.

Gencos huatsAHHH! Us peasants gonna eat peanuts after getting a shock on our bills.

 

[Kunkka]

Government should really investigate whether the gencos are forming a cartel and taking turns to reduce supply and having sudden unscheduled maintenance... and driving up wholesale price.

Gencos huatsAHHH! Us peasants gonna eat peanuts after getting a shock on our bills.

No bill shock if you are on a fixed plan

 

[Broadwalk]

i just changed to tuas power 12 months but knn nv receive confirmation email

duno got go thru or not

For your information. I sign online and the response is immediate.
You may want to give them a call tomorrow.