Yaloryalor 5th Gear October 2, 2008 Share October 2, 2008 haha in Shenzhen those spa centres i heard of pple who really go to the extend to paying the entrance fee for using their spa facilities and spending 1 whole night @ only less than S$60. Maciam hotel liddat, free flow of F & B as well.... In Taiwan also. Some ppl will stay at the HC overnight instead of a hotel. ↡ Advertisement Link to post Share on other sites More sharing options...
Tonicwater Neutral Newbie October 2, 2008 Share October 2, 2008 Was just thinking, now that our power stations will soon belong to other people, wouldn't that mean that, potentially, our electricity could also be turned off at will by the new owners? Skali in times of emergency like war (touch wood), the foreign owners may make a dash at the door and "switch off the lights"? just like our water can also be turned off too? Then at the 'flick of a switch', all our hi-tech 3G army that's so dependent on electricity becomes 0G liao. Link to post Share on other sites More sharing options...
Lightzvs Neutral Newbie October 4, 2008 Share October 4, 2008 Oct 4, 2008 FUEL OIL, NATURAL GAS AND ELECTRICITY CHARGES EMA explains spike I REFER to Wednesday's letters ('Tariff hike goes against common sense' and 'Power Points') on the revision in the electricity tariff, and would like to clarify how the Energy Market Authority regulates the tariff proposed by SP Services. Singapore imports all the fuel we need for power generation and the electricity tariff must reflect this cost. Indeed, the cost of fuel accounts for about 60 per cent of the electricity tariff. While 80 per cent of our electricity is generated using natural gas, the price of this gas is tied by long-term contracts to the fuel oil price. This is the market practice in Asia where fuel oil is the substitute fuel source to gas, and sets a natural benchmark for gas pricing. The electricity tariff in Singapore is therefore pegged to the fuel oil price. If the fuel oil price goes up, the electricity tariff will be increased. Likewise, if there is a reduction in the fuel oil price, the electricity tariff will be reduced accordingly, as happened in two consecutive quarters last year. To provide certainty in pricing, the electricity tariff is set in advance for a three-month period based on the three-month forward fuel oil price. For example, the forward fuel oil price quoted last July for delivery between this month and December will determine the tariff for this period. As the fuel oil price increased sharply in July this year, there was a corresponding spike in the July forward fuel oil price for this month until December. This is why we are experiencing a sharp increase in the electricity tariff now. Recently, the fuel oil price has started to come down. If the downward trend continues this month, we can expect a reduction in the electricity tariff for the first quarter of next year. The increase in the electricity tariff has nothing to do with the recent Formula One event. The F1 organisers brought in their own generators and equipment for the race. The electricity tariff was not used to pay for the costs of lighting the F1 circuit. The increase in tariff is also not linked to the privatisation of the electricity industry. On the contrary, the privatisation process has helped to promote greater competition and drive efficiency gains in the power generation companies. This has brought real benefits to all consumers. Despite the substantial rise in fuel oil price over the years, the increase in electricity tariff has been much smaller in comparison. Our electricity price would have been much higher had it not been for competition. Jenny Teo (Ms) Director, Corporate Communications Energy Market Authority (EMA) http://www.straitstimes.com/ST%2BForum/Sto...ory_285633.html Wonder EMA replied on behalf on SP? haiz. Link to post Share on other sites More sharing options...
Boyboy 1st Gear October 5, 2008 Share October 5, 2008 u know how much energy is needed to heat up 15 litre of water from say 25 degC to 80 or 85 degC ? yeah.. but that water stays hot for quite a while. not say bathe once a week right? haha of course, if there is no need, best to use gas or instant heater. Link to post Share on other sites More sharing options...
Garlic 1st Gear October 6, 2008 Share October 6, 2008 (edited) Source: http://www.singaporepower.com.sg/html/inve...on_frameset.htm Edited October 6, 2008 by Garlic Link to post Share on other sites More sharing options...
Wt_know Supersonic October 6, 2008 Share October 6, 2008 (edited) how do they estimate the forward fuel price at $155 per barrel. the whole world is seeing that fuel price will drop in view of credit crunch resulting USA and EUROPE slowing down and actually CRASH LANDING. if crude oil drop below $80 and they pegged the price at $155, will they give us 50% rebate after that ? For the period from October 1 to December 31, tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel. Edited October 6, 2008 by Wt_know Link to post Share on other sites More sharing options...
Jeffc 5th Gear January 14, 2016 Share January 14, 2016 Crude oil at ~$30, how much will our electricity going to drop? 1 Link to post Share on other sites More sharing options...
Kangadrool Supersonic January 14, 2016 Share January 14, 2016 (edited) they will tell you now they use natural gas to gen elect. When crude shoots up, they will say elect price pegs on crude. Crude oil at ~$30, how much will our electricity going to drop? Edited January 14, 2016 by Kangadrool 2 Link to post Share on other sites More sharing options...
Kusje Supersonic March 31, 2017 Share March 31, 2017 (edited) Electricity prices to rise 6.1% for next 3 months SINGAPORE: Electricity tariffs will rise by an average of 6.1 per cent for the next three months, SP Group said on Friday (Mar 31). For households, the electricity tariff will increase from 20.20 to 21.39 cents per kWh for Apr 1 to Jun 30. This means that the average monthly electricity bill for families living in four-room HDB flats will increase by S$4.21, SP Group said. “The increase is largely due to the cost of natural gas for electricity generation, which increased by 12 per cent compared to the previous quarter,” it said. SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The latest tariffs have been approved by the EMA. What the heck? water 30%. Electricity 6%. They say natural gas cost increase.... real or not? Anyone in the industry? I remember got some people on here asking for advise on being an energy trader some years ago... Is LNG the same as natural gas? Prices are strongly related? I managed to find this. Don't see any increase over the past 3 months... Edited March 31, 2017 by Kusje Link to post Share on other sites More sharing options...
Beregond Supersonic March 31, 2017 Share March 31, 2017 What the heck? water 30%. Electricity 6%. They say natural gas cost increase.... real or not? Anyone in the industry? I remember got some people on here asking for advise on being an energy trader some years ago... Is LNG the same as natural gas? Prices are strongly related? I managed to find this. 1.JPG2.JPG Don't see any increase over the past 3 months... LNG cost increase is true. but got any 1 check how much is SP profit last year. the money they make, even cost up 50%, they still making money. http://www.mycarforum.com/topic/2700120-next-sg-presidential-election-201617/ why u think this happen 1 Link to post Share on other sites More sharing options...
Kusje Supersonic March 31, 2017 Share March 31, 2017 LNG cost increase is true. but got any 1 check how much is SP profit last year. the money they make, even cost up 50%, they still making money. http://www.mycarforum.com/topic/2700120-next-sg-presidential-election-201617/ why u think this happen How is it true from the graphs I posted? Link to post Share on other sites More sharing options...
RH1667 Hypersonic March 31, 2017 Share March 31, 2017 What the heck? water 30%. Electricity 6%. They say natural gas cost increase.... real or not? Anyone in the industry? I remember got some people on here asking for advise on being an energy trader some years ago... Is LNG the same as natural gas? Prices are strongly related? I managed to find this. 1.JPG2.JPG Don't see any increase over the past 3 months... Song bo ? Screwed from the front, back, left, right, up, down and center. Ha ha 2 Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 31, 2017 Share March 31, 2017 (edited) I think they just changed logo, hence costs in printing new envelops and letterheads increased. Old ones have to be written off but conveniently passed it to you. Edited March 31, 2017 by Kangadrool Link to post Share on other sites More sharing options...
Enye Hypersonic March 31, 2017 Share March 31, 2017 What the heck? water 30%. Electricity 6%. They say natural gas cost increase.... real or not? Anyone in the industry? I remember got some people on here asking for advise on being an energy trader some years ago... Is LNG the same as natural gas? Prices are strongly related? I managed to find this. 1.JPG 2.JPG Don't see any increase over the past 3 months... lng is ng in liquid form lah correlate simi? Link to post Share on other sites More sharing options...
Kusje Supersonic March 31, 2017 Share March 31, 2017 lng is ng in liquid form lah correlate simi? ð Then where got increase... Link to post Share on other sites More sharing options...
Enye Hypersonic March 31, 2017 Share March 31, 2017 Then where got increase...if i m not wrong, the ng price used to make electricity is formula based on crude and not spot lng prices which you have shown you may want to take a look at crude prices first...then see got grounds to complain bo? Link to post Share on other sites More sharing options...
Kb27 Supersonic March 31, 2017 Share March 31, 2017 world most expensive country just keep getting better and more expensive. it won't stop. Link to post Share on other sites More sharing options...
Ysc3 Twincharged March 31, 2017 Share March 31, 2017 What the heck? water 30%. Electricity 6%. They say natural gas cost increase.... real or not? Don't see any increase over the past 3 months... i wish .... this is april fools joke ? ! ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
All about smoking
All about smoking
Cancer cases on the rise in Singapore
Cancer cases on the rise in Singapore
Surging fuel prices shake Singapore's electricity market
Surging fuel prices shake Singapore's electricity market
Residents to be rewarded for cutting electricity usage during peak periods under pilot programme
Residents to be rewarded for cutting electricity usage during peak periods under pilot programme
Cost of treating and supplying water in Singapore up significantly, says PUB
Cost of treating and supplying water in Singapore up significantly, says PUB
GSS 2021 join forces with Lazada
GSS 2021 join forces with Lazada
From India to S.Africa in an off-peak Hyundai Matrix
From India to S.Africa in an off-peak Hyundai Matrix
Questions about Gearbox overhaul
Questions about Gearbox overhaul