Kopites Supersonic October 19, 2021 Share October 19, 2021 11 minutes ago, Mustank said: Hope they kena pub catch What do you mean "pub" catch? Pub hopping? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Karoon Turbocharged October 19, 2021 Share October 19, 2021 16 minutes ago, Kopites said: Shouldn't the spike in fuel pricing already factored into the offered variable rate? Fixed rate subscriber shouldn't not be penalised at all. If a company can without any consequences pull the plug anytimes than what is the safe guard for end user? Or in conspiracy theory from start it wasn't for the benefit of end-user as claimed at all but more for the pockets of a few lucky people(corporations). It reflected badly on our regulating body. Haiz. PPSL Privatised Profit Socialised Lossed. Heads they win tails we lose. LPPL. 2 Link to post Share on other sites More sharing options...
Lala81 Hypersonic October 19, 2021 Share October 19, 2021 (edited) 1 hour ago, ToyotaShuttle said: your research is kinda wrong. i ported on ohm before. can't say i have done research for all. which one are you using? Err Geneco and ohm were the only ones that explicitly stated can change location in 2018. But well ohm is not around anymore is it... That's the reason I was on Geneco. But well its just that it's a bad time to resign a contract now. Edited October 19, 2021 by Lala81 1 2 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic October 19, 2021 Share October 19, 2021 14 minutes ago, Kopites said: What do you mean "pub" catch? Pub hopping? Public Utilities Board. But this one nothing to do with PUB leh. @Mustank. 1 Link to post Share on other sites More sharing options...
JanM 2nd Gear October 19, 2021 Share October 19, 2021 On 10/17/2021 at 7:23 PM, Kopites said: I signed with tuas 2 years ago was becasue of it integrated billing. They weren't the best offered rate back then but now counted myself fortunate. $16 plus Fixed two years renewed just in may. 😀 same reason as me. lazy to read and pay 2 separate bills every month. 懒人有懒人福 😁 2 Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged October 19, 2021 Share October 19, 2021 Are the 3 I O U run by ex SIA analyst or top people who hedge wrongly? 🤣 3 Link to post Share on other sites More sharing options...
Blueray Hypersonic October 19, 2021 Share October 19, 2021 flux capacitor FTW 1 Link to post Share on other sites More sharing options...
Jtis 4th Gear October 19, 2021 Share October 19, 2021 1 hour ago, RadX said: @Kopites they not exiting but removing the high users....which to me is also wrong liao This is not right. Why are they allowed to do this? If they close down because cannot tong, i got nothing to say, all accounts equally affected. But how can they carry on, but just pick and choose which accounts to terminate? High users essentially chose fixed contracts to hedge against high electricity prices. Nothing wrong, so no need to honour the contract anymore? This is very different from terminating accounts in arrears, which maybe any business should be entitled to do. 5 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic October 19, 2021 Share October 19, 2021 Who’s the boss of Union? Think about it. Link to post Share on other sites More sharing options...
Mustank Hypersonic October 19, 2021 Share October 19, 2021 35 minutes ago, Fcw75 said: Public Utilities Board. But this one nothing to do with PUB leh. @Mustank. Hope Govt catch 1 Link to post Share on other sites More sharing options...
JanM 2nd Gear October 19, 2021 Share October 19, 2021 1 hour ago, inlinesix said: We don't have consumer protection. No one can predict a spike. For those who don't have their own power plant, it is cheaper to exit than hedge against price spike. I doubt that those retailers whose parent companies also own power station can expect much help from their parents. This is because the fuel feed is the major part of the cost. Unless they also happen to own their own gas / oil field. 1 Link to post Share on other sites More sharing options...
Kopites Supersonic October 19, 2021 Share October 19, 2021 1 hour ago, inlinesix said: We don't have consumer protection. No one can predict a spike. For those who don't have their own power plant, it is cheaper to exit than hedge against price spike. I disagreed with you. We have case. We have consumer protection right. Let me go goggle their office address check their office whether still open for business. 👍👍👍👍👍 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 19, 2021 Share October 19, 2021 8 minutes ago, JanM said: I doubt that those retailers whose parent companies also own power station can expect much help from their parents. This is because the fuel feed is the major part of the cost. Unless they also happen to own their own gas / oil field. Power plant likely to hedge against any price fluc. Unlikely to pass on the price to own retailers. Link to post Share on other sites More sharing options...
inlinesix Supersonic October 19, 2021 Share October 19, 2021 1 minute ago, Kopites said: I disagreed with you. We have case. We have consumer protection right. Let me go goggle their office address check their office whether still open for business. 👍👍👍👍👍 CASE is useless without any consumer protection law like Australia Consumer Law 1 Link to post Share on other sites More sharing options...
Kopites Supersonic October 19, 2021 Share October 19, 2021 26 minutes ago, inlinesix said: CASE is useless without any consumer protection law like Australia Consumer Law Yes under the ACCC enactment. 1 Link to post Share on other sites More sharing options...
Rm2s 5th Gear October 19, 2021 Share October 19, 2021 32 minutes ago, JanM said: I doubt that those retailers whose parent companies also own power station can expect much help from their parents. This is because the fuel feed is the major part of the cost. Unless they also happen to own their own gas / oil field. Retailers with generation capacity work differently. When they priced their products, they will typically make sure it is already above their cost of generation. Those who bought fixed price plans at 16 cents or so doesn't mean the gentailers are losing money selling those plans, it just mean at that point in time, the wholesale market was low, they had no choice but to price competitively so that they could still get contracts. Independent retailers (ones without plants as parent) used to rely on the futures and wholesale market to hedge their contracts. The futures market is as good as dead and wholesale market is volatile and subjected to many factors, fuel cost being one of the major one. Reliability of plants for the industry as a whole caused spike in prices people are seeing past months as well. I recall many OEM customers were happily buying wholesale price plans from SP and expect the prices to stay low without considering the chances of them getting burnt because they are not able to switch in and out fast enough to react to price changes. Our electricity market place operates on 24x7 basis, a unit tripped and the traders are ready to pounce. 4 Link to post Share on other sites More sharing options...
Camrysfa Turbocharged October 19, 2021 Share October 19, 2021 I need to find a new retailer.... Tuas Power say they have a fixed plan at 25.68 and min contract is 12 mths. are there any better rates, anybody knows?😧 Link to post Share on other sites More sharing options...
therock Supersonic October 19, 2021 Share October 19, 2021 Bad time to recontract .. maybe you’re better off using SP until the rates drop then get a good fixed rate ? ↡ Advertisement 3 Link to post Share on other sites More sharing options...
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