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Old 12-04-2018, 12:09 PM   #11
tweety bird
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Quote:
Originally Posted by satan_gal View Post
I actually thinkin it along the lines of bank loans...

Remember when banks started givin HDB loans....

So many ppl who initially had savings ended up spending even more
I don't know how bank loans work but for electricity, the retailers are giving out discount off the Tariff rate provided by SP group which will be revised every quarter and regulated by EMA

The retailers can revised the discount and consumers can change retailers as long their contract ends.

Electricity Tariff rate
Residential consumers in Singapore buy electricity from SP Group, a market support services company regulated by the EMA. The tariff set by SP Services is reviewed each quarter, and is regulated by the EMA to reflect the actual cost of electricity.

This tariff comprises two key components – fuel cost and non-fuel cost.

The fuel cost, or cost of imported natural gas, is tied to oil prices by commercial contracts, which change depending on global market conditions. The non-fuel cost is the cost of generating and delivering electricity to homes.

Find out more about past electrical tariffs through this link from SP Group.
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Old 13-04-2018, 11:07 AM   #12
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End of the day ah gong still have a hand in it. The source of electricity is still well under their control, but selling e services is outsourced. This happened to telcos, than MRT and bus framework now.

Prices can come down since the service is not provided by 1 source but various service providers, so it's how competitive they want to be, and also how efficient they can get. When it was a monopoly, they suka suka raise, we LL suck thumb pay and pay.

And the fuel cost (key component) is again to their liking... gas price have been quite constant and gas is piped from Indonesia to Sg. So how is it gas is tied to oil prices? Is Gold tied to Silver price? BS!
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