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

[NumberX]

Pls stir until drop 10%.

 

[ridiculous?]

Got liu lian tool one ah.
Rooks noob.
Ghost durian shop see how the pro open with one knife.

 

[Napalm]

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

People like you are the type that set up straw man and then feel righteously basket about it.

Let me use your analogy to explain back to you. No one is faulting Ya Kun for selling half boiled eggs at $0.80 when NTUC is selling raw eggs at $0.15. There is supposed to be value-add in between and people accept that.

But when NTUC prices drop to $0.05, then people will naturally wonder why Ya Kun continues to sell at $0.80 or worse, jack up to $1. Is it due to rent increase? Manpower cost increase? Utilities increase? Or what?

You show the pie chart where Energy Costs make up more than 70% of the costs. Capital cost, assuming straight line depreciation, should remain constant. Manpower and maintenance shouldn't fluctuate much unless something big blows up.

So what is the increasing cost here over the past years of operations since 2014? Given that we already see that LNG costs were trending down.

 

[caelitus]

There are regional markets for natural gas with wide variations in prices. In Southeast Asia, natural gas are priced using a combination of natural gas and crude oil prices, and sometimes coal prices.

Long read but the S&P report is useful and highlights why natural gas market in Asia is problematic.

https://www.spglobal.com/platts/en/...zw_ygd-r9przh7eljgfpdjotjcfxl2_ulqoqcjo4c9_0q

Yep. Term agreements for import natural gas pegged to HSFO 180 cst. Hence, not directly linked to Crude Oil.


I have no idea why it's linked to HSFO. Feels like a legacy thing.

Bumping it up for contextual information.