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62 replies to this topic | 182 praises

#1

Posted 13 December 2014 - 05:37 PM

Vdln0248
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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.
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#2

Posted 13 December 2014 - 07:21 PM

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they act blur lor.


Edited by Kangadrool, 13 December 2014 - 07:21 PM.

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#3

Posted 13 December 2014 - 07:32 PM

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SP will tell you they're using natural gas but when crude oil goes up, they also up the utility bills.


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#4

Posted 13 December 2014 - 07:38 PM

Spring

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👎
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#5

Posted 13 December 2014 - 08:37 PM

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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???
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#6

Posted 14 December 2014 - 09:15 AM

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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.


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#7

Posted 14 December 2014 - 09:40 AM

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The decrease should be substantial but dunno what these ppl will say.


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#8

Posted 14 December 2014 - 10:13 AM

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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". [laugh]

 

The decrease should be substantial but dunno what these ppl will say.

 


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#9

Posted 14 December 2014 - 11:09 AM

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Their new favourite excuse, "HEDGING"
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#10

Posted 14 December 2014 - 11:23 AM

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#11

Posted 14 December 2014 - 11:56 AM

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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.

 

:D  

 

 


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#12

Posted 14 December 2014 - 12:13 PM

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Those agencies are simply profitable... Just like in Monopoly.. always making $
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#13

Posted 14 December 2014 - 12:26 PM

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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.
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#14

Posted 14 December 2014 - 01:04 PM

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Electricity tariff might drop 2 cents next quarter to make you happy.



#15

Posted 14 December 2014 - 01:05 PM

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got drop 0.2 cents can steal laugh liao. Skali they say natural gas no drop. [laugh]

 

Electricity tariff might drop 2 cents next quarter to make you happy.

 


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#16

Posted 14 December 2014 - 01:19 PM

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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.

#17

Posted 14 December 2014 - 01:51 PM

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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??

#18

Posted 14 December 2014 - 02:58 PM

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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.
 
:D  
 
 

no lah. We will use the saving from the fuel to pay our drivers more. They need increment too right?
:D

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.....
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#19

Posted 14 December 2014 - 04:10 PM

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Same line of reasoning as COE. Who doesn't want more money??


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#20

Posted 14 December 2014 - 11:45 PM

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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.

Walao, you picha their lobang liao.

They thought everyone cursing at the petrol companies, they can buat bodoh...

Even if drop, they'll follow what the petrol companies do, "up-4-down-3" strategies...

For the tariffs to really come down matching current oil prices, it may take another 4 quarters, maybe?

By then, another round of fat bonus package in everyone's pocket liao...


Edited by Kingkong, 14 December 2014 - 11:52 PM.



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