Vdln0248 1st Gear December 13, 2014 Share December 13, 2014 With the recent decline of crude oil now below US$60.00, SP Power has not make any announcement on the reduction of Electricity supply rate for next quarter? When prices on the rise, they are fast in announcing increase. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Kangadrool Supersonic December 13, 2014 Share December 13, 2014 (edited) they act blur lor. Edited December 13, 2014 by Kangadrool 3 Link to post Share on other sites More sharing options...
Leo72 6th Gear December 13, 2014 Share December 13, 2014 SP will tell you they're using natural gas but when crude oil goes up, they also up the utility bills. 2 Link to post Share on other sites More sharing options...
Spring Moderator December 13, 2014 Share December 13, 2014 With the recent decline of crude oil now below US$60.00, SP Power has not make any announcement on the reduction of Electricity supply rate for next quarter? When prices on the rise, they are fast in announcing increase. Good point! And I guess their answer would be they do hedging and hence need time for the new prices to take effect but on the same token, when oil prices go up, the hedging excuse never pops up👎 6 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic December 13, 2014 Share December 13, 2014 Good point! And I guess their answer would be they do hedging and hence need time for the new prices to take effect but on the same token, when oil prices go up, the hedging excuse never pops up👎 The more profit they have, the more bonus they have, why would they want to reduce their bonus??? 2 Link to post Share on other sites More sharing options...
Ben5266 Supercharged December 14, 2014 Share December 14, 2014 With the recent decline of crude oil now below US$60.00, SP Power has not make any announcement on the reduction of Electricity supply rate for next quarter? When prices on the rise, they are fast in announcing increase. SP price review is quarterly. So, next review is due around Christmas. Link to post Share on other sites More sharing options...
Watwheels Supersonic December 14, 2014 Share December 14, 2014 The decrease should be substantial but dunno what these ppl will say. 1 Link to post Share on other sites More sharing options...
Kangadrool Supersonic December 14, 2014 Share December 14, 2014 operating costs increase. Don't forget our annual public transport fare review. Don't know what they will say this round. I think they will say, "although fuel prices have dropped, but it's just a small portion of the overall operating costs". The decrease should be substantial but dunno what these ppl will say. 2 Link to post Share on other sites More sharing options...
Tjkbeluga 5th Gear December 14, 2014 Share December 14, 2014 Their new favourite excuse, "HEDGING" Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 14, 2014 Share December 14, 2014 TKK Link to post Share on other sites More sharing options...
Jamesc Hypersonic December 14, 2014 Share December 14, 2014 Oil is only $$57 a barrel and I am also waiting for oil and power companies to lower their prices. Then the price of a lot of things will also fall cos transport cost is substantially reduced. 2 Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged December 14, 2014 Share December 14, 2014 Those agencies are simply profitable... Just like in Monopoly.. always making $ Link to post Share on other sites More sharing options...
Vdln0248 1st Gear December 14, 2014 Author Share December 14, 2014 Let's await their announcement. But don't expect a major decrease even though the drop is substantial. They will give a thousand excuses as usual. I guess when we depend on sole power supply vendor for domestic market, we are at their mercy. 1 Link to post Share on other sites More sharing options...
Kb27 Supersonic December 14, 2014 Share December 14, 2014 Electricity tariff might drop 2 cents next quarter to make you happy. Link to post Share on other sites More sharing options...
Kangadrool Supersonic December 14, 2014 Share December 14, 2014 got drop 0.2 cents can steal laugh liao. Skali they say natural gas no drop. Electricity tariff might drop 2 cents next quarter to make you happy. 2 Link to post Share on other sites More sharing options...
Voodooman Supersonic December 14, 2014 Share December 14, 2014 Let's await their announcement. But don't expect a major decrease even though the drop is substantial. They will give a thousand excuses as usual. I guess when we depend on sole power supply vendor for domestic market, we are at their mercy. It will track oil prices, unlike our oil cartel, electricity price is largely determined by a formula, so cannot cheat one. Link to post Share on other sites More sharing options...
Fcw75 Hypersonic December 14, 2014 Share December 14, 2014 The more profit they have, the more bonus they have, why would they want to reduce their bonus??? Same line of reasoning as COE. Who doesn't want more money?? Link to post Share on other sites More sharing options...
Ben5266 Supercharged December 14, 2014 Share December 14, 2014 Oil is only $$57 a barrel and I am also waiting for oil and power companies to lower their prices. Then the price of a lot of things will also fall cos transport cost is substantially reduced. no lah. We will use the saving from the fuel to pay our drivers more. They need increment too right? It will track oil prices, unlike our oil cartel, electricity price is largely determined by a formula, so cannot cheat one.it is high time to review the formula as the energy market dynamic has evolved..... ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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