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

[nightkids7089]

If I now paying $x under contract by A company, then now A company raise price to $Y, and next month my contract ends and I never recontract, so I still pay $X or pay $Y ?
Will i still be using A ccompany or default back to SP ?

 

[elmohootbigbird]

cannot liao. keep going up, i took the plunge once i can. cannot sign new contract too far in advance. current contract expiring Nov 21.

New provider: Union power with citi promo.

• Fixed Rate @ $0.1998/kWh (excl. GST); $0.2138/kWh (incl. GST)

 

[Devilsire]

If I now paying $x under contract by A company, then now A company raise price to $Y, and next month my contract ends and I never recontract, so I still pay $X or pay $Y ?
Will i still be using A ccompany or default back to SP ?

Auto-renewal at $Y price or newer price on date of renewal, with free termination within 1mth if u wana change provider.
Or recontract beforehand at price $x

 

[SBS2716G]

Auto-renewal at $Y price or newer price on date of renewal, with free termination within 1mth if u wana change provider.
Or recontract beforehand at price $x

the recontract price might not be $x. Depending on the OEM, some might offer special rate between $x n $y. Some will just offer $y. And most likely you lose out on rebate also.

 

[gregory_choo]

Auto-renewal at $Y price or newer price on date of renewal, with free termination within 1mth if u wana change provider.
Or recontract beforehand at price $x

The OEM doing it this way will go burst soon.

 

[carmelmore]

Just moved from SP Wholesale to Tuas Power. Will SP Wholesale auto refund the Security Deposit or have to call in?

 

[BlueRiver]

Another spike with the USEP yesterday and today

 

[ahkaiz]

Looking at geneco fixed 24 months.

Is therr any better deal out there?

 

[Jjxjjjyy]

Yer

Another spike with the USEP yesterday and today

Yer all so ain monitor electric price; got hedging Bo with quarterly electric contracts/usdsgd/hsfo jiak ba sibei ain yer all these spws ambassadors

 

[qcy888]

Just moved from SP Wholesale to Tuas Power. Will SP Wholesale auto refund the Security Deposit or have to call in?

SPWS use my security deposit to offset my last bill when I switched to Union Power, but not sure about Tuas Power.

 

[thepillow]

really curious to see if the govt is going to step in to contain the volatility of the spot prices... have open electricity market thought supposed to make prices more stable. in the end like no impact...

also the electricity futures market confirm the market makers there kena wack gao gao.

 

[cantona81]

what will happen if I don't sign a new contract with the OEM? does the service goes back to SP, or they will cut off the supply?

 

[dappermen]

- edited -

How high ? Your latest bill

Anyway sembcorp just emailed me : be it 12-24mth
22.50c/kWh
(w/ GST)

 

[limck]

How high ? Your latest bill

Anyway sembcorp just emailed me : be it 12-24mth
22.50c/kWh
(w/ GST)

haven't received latest bill but had cut down on usage this month after August's bill shock of 26.45cts per kwh.

my estimate based on yesterday's USEP is about 70cts per kwh after factoring in about 5cts for transmission charges, etc. usage cost in terms of dollars is about $20 just for yesterday.

 

[qcy888]

what will happen if I don't sign a new contract with the OEM? does the service goes back to SP, or they will cut off the supply?

Auto revert back to SP

 

[LoneTraveller]

really curious to see if the govt is going to step in to contain the volatility of the spot prices... have open electricity market thought supposed to make prices more stable. in the end like no impact...

also the electricity futures market confirm the market makers there kena wack gao gao.

We are supposed to have overcapacity of electricity. Sometimes I wonder if this is deliberate to raise prices....


https://www.businesstimes.com.sg/en...ration-sector-crushed-by-massive-overcapacity

 

[dappermen]

about 70cts

70c??!!!! Is alot

 

[limck]

70c??!!!! Is alot

made a mistake. yesterday's average USEP is about 83 cts. so it would be about 88cts per kwh after adding in other fees

comparing usep for yesterday's spike against the other days spikes in july and aug


0.829551250 23 sep
0.431733750 2 aug
0.533110000 26 jul
0.640177708 27 jul

 

[The_Davis]

How many in the list uplorry already?

 

[evilster]

We are supposed to have overcapacity of electricity. Sometimes I wonder if this is deliberate to raise prices....


https://www.businesstimes.com.sg/en...ration-sector-crushed-by-massive-overcapacity

The deliberate is not true.
The issues started with overbuilding of new power plants back in 2012-2016... EMA over anticipated the demand of singapore...

Plus... when economic down turn and government want to raise competition among the gencos, they started this rubbish OEMS thingy. They want to raise the activity in the energy trading market... l

So what u are seeing in terms of raising costs is because all the power plants are losing money... EMA can no longer subsidize them, so they past on the costs to consumers like us...