Perishable
Senior Member
- Joined
- Sep 22, 2021
- Messages
- 1,448
- Reaction score
- 996
95% of Singapore electricity is generated from NATURAL GAS.Electricity should go up even more... Let me explain why.
Crude oil in raw form very dirty and hard to use. So need to fraction and refine into various products (two of which) are diesel and petrol. Hence there is added cost to them (refined products). Electricity, however, comes from the other refined products of crude oil, so in a way, electricity is "refined" from refined products of crude oil. Another layer of costs on top.
Now, let me make a guess why electricity for EV wont go up so much... my wild guess is electricity is made available every households. So by spreading out the cost to households, the increase is better subsidised for EVs. So lets us help the EV owners tank the costs during this period.
Strange though... although many have made the change to EVs, meaning less ICE cars on the roads, meaning less demand for petrol/diesel, why petrol and diesel prices are still high? or maybe it is just my demand and supply concept failed...
If you know nothing, don't try to explain anything.

