Mustank Hypersonic November 30, 2021 Share November 30, 2021 12 hours ago, Jamesc said: Anyone that can pay a $400K electric bill is an A Sai one! Salute! If want to go wholesale is can buy need side by side unit one normal pricing one wholesale price then wire accordingly ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Sosaria Turbocharged November 30, 2021 Share November 30, 2021 (edited) Time to renew the contract. But the rates have risen. Makes no sense to stick to the same provider. Check with those having experience of renewing recently : So who / which company are left standing and offers the best package now? .. anything lower than 25 cents? If contract is expiring in next year January, need to wait till then, or can renew anytime with the new contract with new provider taking effect only in next January? Edited November 30, 2021 by Sosaria Link to post Share on other sites More sharing options...
Babyckh 5th Gear November 30, 2021 Share November 30, 2021 @Jamesc I think he means $390.00 bill, using 701.98 watts. 2 2 Link to post Share on other sites More sharing options...
Almondbaby Neutral Newbie November 30, 2021 Share November 30, 2021 Staying in mansionette, and big family mah.. few months back was only $100 plus with wholesale rate. just switched back to normal SP tariff.. looking at signing a fixed rate with OEM. Link to post Share on other sites More sharing options...
Volvobrick Supersonic November 30, 2021 Share November 30, 2021 26 minutes ago, Sosaria said: Time to renew the contract. But the rates have risen. Makes no sense to stick to the same provider. Check with those having experience of renewing recently : So who / which company are left standing and offers the best package now? .. anything lower than 25 cents? If contract is expiring in next year January, need to wait till then, or can renew anytime with the new contract with new provider taking effect only in next January? Oil prices dropping... May want to consider no/shortest lock in contracts. 4 Link to post Share on other sites More sharing options...
Almondbaby Neutral Newbie November 30, 2021 Share November 30, 2021 (edited) @Jamesc $390 @ 701.81 kWh lah.. Edited November 30, 2021 by Almondbaby 1 Link to post Share on other sites More sharing options...
Kopites Supersonic November 30, 2021 Share November 30, 2021 26 minutes ago, Volvobrick said: Oil prices dropping... May want to consider no/shortest lock in contracts. Yes. The price is softening since last week. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 30, 2021 Share November 30, 2021 (edited) 58 minutes ago, Almondbaby said: @Jamesc $390 @ 701.81 kWh lah.. So many months staying in mansionette, and big family and only pay $100 plus. Save a lot already right. Just one month 300 plus is overall still savings right? Nett nett still up lah Edited November 30, 2021 by Jamesc Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 30, 2021 Share November 30, 2021 How can mansionette, and big family only $100 plus? Is it put magnets? Which magnet good? I also want to do. 2 Link to post Share on other sites More sharing options...
Sosaria Turbocharged November 30, 2021 Share November 30, 2021 1 hour ago, Volvobrick said: Oil prices dropping... May want to consider no/shortest lock in contracts. Yeah, but strangely it's actually cheaper now to take 1-year contract vs 3-year contract. Link to post Share on other sites More sharing options...
Voodooman Supersonic November 30, 2021 Share November 30, 2021 3 hours ago, Volvobrick said: Oil prices dropping... May want to consider no/shortest lock in contracts. Fixed tariffs seem to be priced close to SP quarterly tariff, understandably so as few consumers will sign up if it is higher. Average 3Q oil price is still lower than current prices, despite recent Omicron's pullback, so fixed might go higher next quarter. Agree with you it is kinda of hard to justify locking in long term at $80 oil. 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic November 30, 2021 Share November 30, 2021 1 hour ago, Sosaria said: Yeah, but strangely it's actually cheaper now to take 1-year contract vs 3-year contract. Usually long term is dearer than shorter tenure. Link to post Share on other sites More sharing options...
Voodooman Supersonic November 30, 2021 Share November 30, 2021 3 hours ago, Almondbaby said: @Jamesc $390 @ 701.81 kWh lah.. Average was 55 cts per kwh vs my all in of 16.7 cts. It seems wholesale plan got a lot of extras. Wholesale prices are back down in Nov but not to levels seen in 2019 and 2020 but with all the extras, don't think the marginal saving is sufficient to compensate for the risk. Can check if you have a smart meter? If not, how is the half hourly tariff determined? Link to post Share on other sites More sharing options...
Almondbaby Neutral Newbie November 30, 2021 Share November 30, 2021 @Voodooman I have a smart meter, for those who does not want to pay $40 to install, they have to submit monthly reading. Link to post Share on other sites More sharing options...
Almondbaby Neutral Newbie November 30, 2021 Share November 30, 2021 @Jamesc really... I was using SP Wholesale , pricing better than OEM. 1 Link to post Share on other sites More sharing options...
Almondbaby Neutral Newbie November 30, 2021 Share November 30, 2021 @Voodooman I just switched back to SP tariff, thinking to sign fixed rate with OEM, any suggestion? I never monitor oil price and stuff.. dunno how to lol. Link to post Share on other sites More sharing options...
ToyotaShuttle 5th Gear November 30, 2021 Share November 30, 2021 On 10/22/2021 at 4:09 PM, Voodooman said: Full hedging is likely to be expensive, so I doubt any of the independent retailers hedged much of their exposure. If they did, when wholesale prices shot up, their futures contracts would have been in the money, yet so many folded in such a short time. I can only conclude with full hedging, there is no money in this business. Heng I only trust gentailers. Maybe they did hedge and their contracts are so deep in the money that it is better for them to unwind, cash out and close down? 😂 After all, there's no penalty for closing down right? 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic November 30, 2021 Share November 30, 2021 (edited) 1 hour ago, ToyotaShuttle said: Maybe they did hedge and their contracts are so deep in the money that it is better for them to unwind, cash out and close down? 😂 After all, there's no penalty for closing down right? Yes, no cost to transfer to SP. Edited November 30, 2021 by Voodooman ↡ Advertisement Link to post Share on other sites More sharing options...
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