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Turbocharged
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.

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Hypersonic (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 by Lala81
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Hypersonic
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.

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2nd Gear
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 😁

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Turbocharged

Are the 3 I O U run by ex SIA analyst or top people who hedge wrongly? 🤣

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4th Gear
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.

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Hypersonic

Who’s the boss of Union? Think about it. 

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Hypersonic
35 minutes ago, Fcw75 said:

Public Utilities Board.

But this one nothing to do with PUB leh. @Mustank.

Hope Govt catch :grin:

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2nd Gear
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.

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Twincharged
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.

👍👍👍👍👍 

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Supersonic
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.

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Supersonic
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

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Twincharged
26 minutes ago, inlinesix said:

CASE is useless without any consumer protection law like Australia Consumer Law

Yes under the ACCC enactment.

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4th Gear
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. 

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Turbocharged

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?😧

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Supersonic

Bad time to recontract ..

maybe you’re better off using SP until the rates drop then get a good fixed rate ?

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Supersonic
1 hour ago, Fcw75 said:

Who’s the boss of Union? Think about it. 

Who is it? Googled and it showed Union Energy...tamasick related? 

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