Electricity bill is falling

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

myo539 said:

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

Click to expand...

Recently they increased it by 21%. Oil is now 2-3 year low, why only 25% reduction ?

It only represents a reduction of 4% if you discount the incredible 21% increase. How come they only reduce by 4% when global price of oil is so low???

Since the Electricity traiffs are pegged to fuel oil prices which are US$140, and now the crude oil price is US$50, so the traiffs should be reduced by (140-50)/140 = 64% instead of 25%

So correct price after revised should be less than 22.92cents!!!!

zzzzzzzzzzzzzzzzzzzzzzzzz

Why must priase gov. theirs salary/pay is the top/highest compare to others country so must show best result.
So when the public transports fare reduce since fuel/electricity down?
When will the food price reduce?

myo539 said:

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

Click to expand...

You kidding?, Singapore have a myraid indirect taxes, that screw the people, day in day out, you want them to give praises for a reduction in power bills?

For your information, you can not pay your power bills, seek your PAP MP for help you will be told that, SINGAPORE POWER is a private company, NOTHING to do with the government.

Praises? ha ha ha....you do not get blamed for being complacent, thank your lucky stars...

Just look at the chart. not only the scale
they use on electric price deceiving but
on Jan 08 we are paying 22.62 cents when oil is at $96.64
now jan 09 we are paying 22.93 cents when oil is at $92.99.
Basically we are still paying more.
somemore i dont trust the forward fuel price bullshit.

myo539 said:

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

Click to expand...

Other than reading CNA, did you check up the price of oil? The price of oil plunge, yet the electrical bill reduction was reinstated to the original levels.

If you look at Lawrence Wong of EMA, a likely scholar, his cheebye attitude tells you he is just fucked and needs to be whacked. Do not tell others of your excuses when so many other countries pay less for electricity. Uniquely fucked class. The anger meter is going up.
Talk and do cock like that, I am not sure how many other Singaporeans will react. If you check around, the anger towards the PAP is going many notches to the point it is going to cross threshold.

Zenra2OO3 said:

The price of oil plunge, yet the electrical bill reduction was reinstated to the original levels.

Click to expand...

Some expect the price of oil to fall to $20's!

electricity bill raised 20% previously, now declare drop by 25%. don't be fooled. it's just a gimick.

how typical business man do business?

ABC company monopolize in product XYZ, they retail it at 300% nett profit when product 1st launched. all the idiots line up & queue overnight to purchase.

when the ROI quota is achieved, they retail the product at 200% nett profit, and people more receptive & more people start to buy it.

until they achieve optimum quota, they retail at 100% nett profit, and still have plenty of people follow suit to buy.

............... seems familiar?

myo539 said:

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

Click to expand...

Stoopid PAP dog. Do one equation solve think damned smart. Never look at the pie of equations and the final value. Here drop, there raise, plus no jobs for some.

sleepyman said:

Since the Electricity traiffs are pegged to fuel oil prices which are US$140, and now the crude oil price is US$50, so the traiffs should be reduced by (140-50)/140 = 64% instead of 25%

So correct price after revised should be less than 22.92cents!!!!

zzzzzzzzzzzzzzzzzzzzzzzzz

Click to expand...

Your calculation is not wrong but you forgot to calculate that

Let's say the cost to purify crude oil when it is $140 per barrel
Cost to purify example $10

Even when crude oil drops to $50 per barrel,
the Cost is still $10 per barrel.

I do not know the price to purify the oil for usage from crude oil status. It's just an example to show that cost never change, its the buying/selling price of the commodity Oil that is flunctuating. Your tariff calculation is bit off in this aspect.

myo539 said:

Electricity bill is falling by a hefty 25% come the new year!

Hey, how come no celebration and praises for the gahment? Why so unfair - good things don't praise but one bad thing only condemn gahment upside down.

Is there a conspiracy to do Singapore in?


http://www.channelnewsasia.com/stories/singaporelocalnews/view/394090/1/.html

Click to expand...

Your owners' profit margin just widened by an obscene amount. U mean u can't see this? Are running dogs and bitches are really THIS STOOPID?

Price of oil dropped more than 40% and yet EMA only down 25%. Where does the rest of 10+% goes? Already they had been making billion last year, still want to have more $$$.

silverfox@ said:

Let's say the cost to purify crude oil when it is $140 per barrel
Cost to purify example $10

Even when crude oil drops to $50 per barrel,
the Cost is still $10 per barrel.

I do not know the price to purify the oil for usage from crude oil status. It's just an example to show that cost never change, its the buying/selling price of the commodity Oil that is flunctuating. Your tariff calculation is bit off in this aspect.

Click to expand...

Actually, its not quite that simple ... , this is what I understand.

Crude oil is refined into different products - the output slate consists of gasoline, diesel, kerosene (jet fuel) and lastly, fuel oil. Actually, the term "fuel oil" is quite misleading - this is actually the "tza" or residue. The higher value products are the abovementioned transport fuels.

So, the better, more complex refineries will have smaller percentage of fuel oil in their output slate. Hence they are more profitable.

This fuel oil - can be used in many different ways. Since its the cheap residue, some companies further refine it into other products. Others use it as fuel for ships (called bunker). And others, they use it to fuel their power stations.

So, the cost of fuel oil actually fluctuates according to the demand for ship fuel, or from other refineries. It doesn't quite move in line with the cost of crude oil.

You could have a situation where the cost of crude oil goes up but the market price of fuel oil goes down - in which case the refinery is screwed.

For the refinery, refining margin = (Mkt price of gasoline) + (mkt price of diesel) + (mkt price of kerosene) + (mkt price of fuel oil) - (crude oil)

Anyway, I suspect that SP took an indirect hedge on the price of crude oil as a proxy for fuel oil and the bet went against them.

Some bros who work in commodity futures or trading might have better insight here.

:p