Ghgan 6th Gear February 25, 2021 Share February 25, 2021 12 minutes ago, Rm2s said: If you go in with open eyes it is good, meaning you know the potential risks you are exposing yourself to. The sample data you use is too small. Did you know that the maximum USEP price is cap at $4,500/MWh? Why does EMC/EMA had to cap it? Has it happened before? Prices swing seldom due to outages of gas or oil supply; most of the cases had to do with plant breakdown and/or sudden swing in oil prices. If you have 1 unit down, the price jumped, the affected genco will ask for other gencos to help cover their contracts, and if oil price also chiong on the same day, good luck! On the other hand, it may not happened as well, then perhaps you will enjoy slightly lower price than others. I am aware of the risk. Having said that I can't help thinking the wide gap between USEP and standard tariff rates, it seem from mid 2012 onward, the gap widen. Not sure it is purposely widen to signal a opportunity for OEM vendors to come in. Anyway SP wholesale rate does not have any contract, anytime I can switch to another provider. With the COVID situation, low tariff rates should be here for some period of times, unless gov come in and increase indirect tax again. ↡ Advertisement Link to post Share on other sites More sharing options...
Rm2s 5th Gear February 25, 2021 Share February 25, 2021 6 minutes ago, Ghgan said: I am aware of the risk. Having said that I can't help thinking the wide gap between USEP and standard tariff rates, it seem from mid 2012 onward, the gap widen. Not sure it is purposely widen to signal a opportunity for OEM vendors to come in. Anyway SP wholesale rate does not have any contract, anytime I can switch to another provider. With the COVID situation, low tariff rates should be here for some period of times, unless gov come in and increase indirect tax again. The gap had attracted many independent retailers (retailer without generation business) into this space when the market was opened to lower end businesses and eventually households. You can check around, a few of those already closed due to the volatility of the market and then some are actually small players with other main businesses to fall back on (like certain cylinder gas vendor, etc). Then there are niche player selling green energy. I am not saying there is no business to be done in this space but it is tricky and volatile. It is common to have a team of traders on 24x7 standby watching the USEP price, active hedging the oil price, etc. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 25, 2021 Share February 25, 2021 Risk $4,500 to get many 2 cent savings? Kenna once the $4,500 and all the 2 cent savings gone. This one is for big time gamblers. High risk low returns 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 25, 2021 Share February 25, 2021 By the way no one expected Texas to kenna US$9,000 power bills. So can also say no one expects $4,500/MWh. 1 Link to post Share on other sites More sharing options...
Rm2s 5th Gear February 25, 2021 Share February 25, 2021 (edited) 33 minutes ago, Jamesc said: By the way no one expected Texas to kenna US$9,000 power bills. So can also say no one expects $4,500/MWh. I got interested and ask Google for help. Only managed to find old reports. One of which said: On 26 November 2012, there were nine periods during which the USEP rose above $3,000/MWh, with the USEP hitting the cap price of $4,500/MWh in one of these periods. An Emergency Operating State was declared, and shortfalls in energy, contingency reserve and regulation were observed. The reason for the spike? Due to a high level of planned maintenance (two CCGT units, one ST unit) and forced outages (one OCGT unit, one ST unit), a total of 1,413.5MW of generation capacity was taken off the grid. This led to the supply cushion dipping below 15 percent for 18 periods. 26 November 2012 was a Monday, which means there were units taken offline for maintenance over the weekend and could not be started plus other unit brokedown. Quite sure there must be other incidents, my google skill not good enough. Edited February 25, 2021 by Rm2s 1 1 Link to post Share on other sites More sharing options...
Enye Hypersonic February 25, 2021 Share February 25, 2021 switching to sembcorp power anyone has referral code for me to use? thanks🙏 Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 25, 2021 Share February 25, 2021 Be it SPWS or OEM, anything is better than SP Tariff. Don't be surprise, there are still quite a large number of people on old SP Tariff. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 25, 2021 Share February 25, 2021 Huh? SP Tariff cannot go up to $4,500 leh SPWS can and one day will. 1 hour ago, Windwaver said: Be it SPWS or OEM, anything is better than SP Tariff. Don't be surprise, there are still quite a large number of people on old SP Tariff. Link to post Share on other sites More sharing options...
Andylkkg 4th Gear February 25, 2021 Share February 25, 2021 Try this: V6ICB51S. Link to post Share on other sites More sharing options...
Andylkkg 4th Gear February 25, 2021 Share February 25, 2021 8 hours ago, Enye said: switching to sembcorp power anyone has referral code for me to use? thanks🙏 8 hours ago, Enye said: switching to sembcorp power anyone has referral code for me to use? thanks🙏 V6ICB51S Link to post Share on other sites More sharing options...
therock Supersonic February 28, 2021 Share February 28, 2021 Promo codes for renewal for Tuas Power? Any real benefits of changing vendors? Thanks Link to post Share on other sites More sharing options...
Voodooman Supersonic February 28, 2021 Share February 28, 2021 (edited) On 2/25/2021 at 2:53 PM, Ghgan said: I am aware of the risk. Having said that I can't help thinking the wide gap between USEP and standard tariff rates, it seem from mid 2012 onward, the gap widen. Not sure it is purposely widen to signal a opportunity for OEM vendors to come in. Anyway SP wholesale rate does not have any contract, anytime I can switch to another provider. With the COVID situation, low tariff rates should be here for some period of times, unless gov come in and increase indirect tax again. Capacity jumped from 2012/2013 onwards but it is tightening again. Real reserve margin is at around 40% now, a multi year low. Last quarter, USEP prices jumped to above $1000 MWh once or twice. Usually it is at below $100. For those interested, read the monthly report. https://www.emcsg.com/n495,87.html#AS_mtr Edited February 28, 2021 by Voodooman 1 Link to post Share on other sites More sharing options...
TangoCharlie Supersonic March 1, 2021 Share March 1, 2021 On 2/25/2021 at 4:35 PM, Enye said: switching to sembcorp power anyone has referral code for me to use? thanks🙏 On 2/26/2021 at 1:17 AM, Andylkkg said: Try this: V6ICB51S. I have but this bro's code has your favourite numbers...165.😂😂😂 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic March 4, 2021 Share March 4, 2021 Electricity prices likely to go up, but efforts will be made to ensure a gradual risehttps://www.straitstimes.com/singapore/politics/electricity-prices-likely-to-go-up-but-efforts-will-be-made-to-ensure-a-gradual 2 Link to post Share on other sites More sharing options...
inlinesix Hypersonic March 31, 2021 Share March 31, 2021 Electricity and gas tariffs for households in Singapore to increase for second quarterhttps://www.straitstimes.com/singapore/electricity-and-gas-tariffs-for-households-in-singapore-to-increase-for-second-quarter From 20.76cents to 22..55cents 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic April 1, 2021 Share April 1, 2021 electricity retailers have increased tariffs from 17.68 to 17.98 (2 year plan) around 2 - 3 weeks ago. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic April 16, 2021 Share April 16, 2021 On 4/1/2021 at 10:01 AM, Blueray said: electricity retailers have increased tariffs from 17.68 to 17.98 (2 year plan) around 2 - 3 weeks ago. I just re-contracted with Geneco 17.49 fixed for 2 years after seeing SP increasing the tariffs. Somehow the recontract offer (since Feb) remains the same. Quickly grab! (new offers are 18 cents plus!) Link to post Share on other sites More sharing options...
Enye Hypersonic April 16, 2021 Share April 16, 2021 24 minutes ago, Volvobrick said: I just re-contracted with Geneco 17.49 fixed for 2 years after seeing SP increasing the tariffs. Somehow the recontract offer (since Feb) remains the same. Quickly grab! (new offers are 18 cents plus!) boss...why dont change provider ah? recontract dont have all the rebates as compared to new signups, right? 😅 ↡ Advertisement Link to post Share on other sites More sharing options...
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