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

[rabbit1]

ok, I really hope people don't try to cheat by taking a photo today, and send it next week as their reading, hoping to save one week under the Wholesale rate.

Ya. We must let Gencos and SP maximise their profit, nevermind if consumers are paying way more.

 

[1l92041H]

ok i manage to call through.........
SPWS -> SPRT
3 Working days for those with smart meter
5 Working days for those with Residential Load Profile

they nid to hurry the f up before they get many angry customers with pitch forks outsai they orpices

 

[rubicon]

went down to the office. was very quiet actually.

 

[osmond19]

The earliest date for me to convert back to SP Regulated Tariff rate wef on 21 Oct (the earliest date that I can choose). Can I apply OEM now or I have to wait till 21 Oct to apply?

 

[rubicon]

doesn't matter much since they will be able to reconcile when their guys do the readings in subsequent months.

it does matter if you are on the Wholesale rate or the regulated tariff rate.

 

[wongminmin]

ok, managed to reach someone via app. will receive an sms to submit reading prior to the switch.
Sadly no way to bring forward the switching date.

Your last meter reading is required to make the switch. Your retailer will advise you on how and when to submit your meter reading. Alternatively, SP Group will estimate it for you.

 

[jtec14]

it does matter if you are on the Wholesale rate or the regulated tariff rate.

haha, just rethink and realised after I replied. Sorry.

 

[jtec14]

Your last meter reading is required to make the switch. Your retailer will advise you on how and when to submit your meter reading. Alternatively, SP Group will estimate it for you.

yah but prefer to submit myself for accurate billing.

 

[rubicon]

yah but prefer to submit myself for accurate billing.

hopefully, people won't take advantage of this and submit a lower reading under the higher wholesale rate.

 

[rabbit1]

hopefully, people won't take advantage of this and submit a lower reading under the higher wholesale rate.

Yes.. We must ensure that gencos and SP Group maximise their profits. Consumers must suffer max!

And when SP overestimate our usage, (they take an estimate every other month), this is not called taking advantage but a honest mistake.

Don't be silly la

 

[futureelectrical]

Generators meant to put in their schedule when they have planned maintenance. From what i hear, right now Senoko between 5th Oct to 15th Oct got anticipated major equipment outage. PowerSeraya also got anticipated issues between 9th Oct and 24th Oct. maybe have 1 -2 more generators got issue. but not sure. past few days heard tuaspower got issues.

all these all hear only ah..

Pacificlight also have scheduled maintenance

 

[hfngshnll]

Jin satki man this tiagong. Knew exactly when to anticipate issues before they even happen

Swee swee like clockwork one after another got genco issues

i think the spot market participants all know ahead of time the planned capacities reduction in the various outage plans released by all the gencos. during such periods, ratio of total generation capacity vs demand already down from maybe say for example 2 times to 1.5 times. throw in the forced outages not in the plans and the ratio comes down to maybe 1.1 times. there goes the usep rocket. just my wild speculation. lol. from geneco's afternoon to evening price revision yesterday, looks like they also got caught flat footed.

 

[rabbit1]

Tuas Power has fallen.. Now 0.2568..
Left Senoko haven't increase (yet).

 

[futureelectrical]

For those iswitch ppl, can jump ship now and which ship to jump to?

Most likely can only jump after apr 1. Big 5 gencos are unlikely to take in for now.

 

[rtkgamer]

 

[futureelectrical]

Lol imagine if iswitch throws u back to SP wholesale then is gg song song for those who signup iswitch

 

[Ark Law]

Regulated Tariff - $0.2580
Tuas Power - $0.2218 / 8.8% DOT
Pacific Light - $0.2250 / 13.8% DOT
Senoko - $0.2250
SembCorp - $0.2320
Keppel - $0.2500 / 9% DOT
Geneco - $0.2590

CAA 14 Oct 2021 1320h with updated revisions by SembCorp & Tuas:

SP Regulated Tariff - $0.2580
Senoko - $0.2250
Pacific Light - $0.2250
SembCorp - $0.2500
Keppel - $0.2500 / 9% DOT
Tuas Power - $0.2568 / 3% DOT
Geneco - $0.2590

 

[yang_nastyman]

Wow. So sp regulated how much next month? From 0.23 to 0.30 ah?

 

[Mach3.2]

Wow. So sp regulated how much next month? From 0.23 to 0.30 ah?

25.8 sens till 31 Dec. It's renewed once every quarter.

 

[rubicon]

https://www.businesstimes.com.sg/en...-power-retailers-amid-record-wholesale-prices
AT least 3 more electricity retailers in Singapore may turn off the lights and exit operations as staggering spikes in spot electricity prices and an inability to hedge adequately sent their businesses reeling.

The Business Times (BT) understands that Ohm Energy and Best Electricity