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

[Ark Law]

Expect a lot of complaints. But users on SPWS should also be aware of the risks of price fluctuations when they signed up

Plus those who signed SPWS are aware that it's a no-contract plan. Anytime not comfortable, can back out.

 

[limck]

those who is awaiting transfer to new OEM

during the wait time can they switch to SP RT?

No. Once you apply to switch to OEM and application approved shouldn’t switch to RT already. You want to switch back to RT first then switch to OEM.

 

[limck]

yes but today is like whole day....and x10~x15.
Instead of paying $200, become 2k+ for electricity......... lol

but come to think of it, if everyone switch back to RT....then SPWS should be cheaper.

SPWS tied very closely to USEP. So if USEP high, SPWS also high

 

[Ark Law]

Ytd whole day finalized was 186/mwh average over 24hrs?

No. $1597/MWh = $1.597/kWh. A cool 6x rate over regulated tariff.

 

[Gixxerfied]

No. $1597/MWh = $1.597/kWh. A cool 6x rate over regulated tariff.

I see...Where to see this chart??

 

[limck]

I see...Where to see this chart??

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

 

[harky]

iSwitch gone​

 

[wongminmin]

just treat it as a lesson learnt.

 

[chongpang]

Feb 76.30 / 470.75 = 0.162
Mar 81.99 / 472.80 = 0.170
Apr 85.50 / 497.60 = 0.170
May 101.49 / 574.18 = 0.180
Jun 96.03 / 545.35 = 0.180
Jul 125.60 / 547.41 = 0.230
Aug 126.59 / 555.66 = 0.230
Sep 119.48 / 509.27 = 0.230

 

[Ark Law]

just treat it as a lesson learnt.

It's no different from stock market. Make bang when market is good (USEP at $0.05/kWh), cut losses when market nosedives (USEP consistently >$0.30/kWh). People who signed for SPWS should be roughly aware of the mechanics at play and the bill shock possibility is always there.

 

[andyhtc]

Potential big impact on EVs.

 

[chongpang]

How to switch from SPWS to SPRT via SP App?

 

[Devilsire]

https://www.8world.com/singapore/iswitch-1616571
those signed 2-3mths ago huat with the rebates
time to jump new OEM

Tuas Power as of this post, 22.50c/kwh 36mths $60 + $20 referral rebate

Dear valued customers,
Over the past 6 years, iSwitch Energy has had the privilege of serving the Singapore Electricity Market and collectively saving consumers over $150m on their energy bills against the SP Tariff. We have also helped maintain focus on sustainability and the green goals that we know are so important to all of you.
Unfortunately, due to current electricity market conditions, we will be ceasing our electricity retail operations on 11 Nov 2021.
Your electricity account will be under iSwitch Energy from now till 11 Nov 2021 and transferred to SP Group with effect from 12 Nov 2021.
We are currently working with EMA and SP Group to ensure a smooth transfer of all our existing customers to SP Group. We also wish to assure you that your electricity supply will not be affected.
Thank you for being a customer of iSwitch.
Kind regards,
Team iSwitch

 

[Devilsire]

Lol. At this moment, looks like there's several generator units from different electricity generators report major equipment outage. It is so coincidental all the gencos experiencing unplanned outage.. so coincidental that they all offer spot wholesale much higher price

Do you have a feed/news source to see which gencos are reporting their planned/unplanned maintenance, outage and faults?

It's one thing to have the resource costs be high (LNG market, fuel market etc.), but the recent trend of spot prices being incredibly high at off-peak and low forecasted demand periods does raise eyebrows as you previously alluded to.

Timing it right, the gencos can hedge tactically with their futures, and at the same time, kill off the non-gencos (sayonara Ohm) while cutting their losses as those on <19c/kWh eventually recontract to >20c/kWh. Really is huat to the moon

If the market keeps going at $3/kWh as it has done these few days, just watch as all the gencos ask EMA for bail out after the non-gencos exit OEM. Just limpeh speculating ah

Its just too much of a concidence with the "unplanned" maintenance, driving up surges leaving non-gencos raising white flags

 

[blue00]

for those looking to sign better asap, some of them already increase price

 

[CaptainTeo]

My one iswitch. Switch to which one now???

Help. Got any website for good flat rate. Want to sign up. Best discount??

 

[testerjp]

It's open season to collect back the chickens.

 

[shawniiex]

Tuas Power seems cheapest now. Good luck for Oct SPWS bill all.

 

[azeris10]

Tomorrow forecasted 2k+ USEP again. SPWS people really to get bill shock

 

[blue00]

i just sign up senoko energy at 0.225

need to wait 1 week

$30 for referal code + $100 for bank code

some other oem r down or update 0.259


should have done earlier, was 0.19 earlier .... if only i had done read up