Impending increase in electricity tariff another PAP scam

[covertbriar]

I refer to “Commentary: Oil prices have gone up and it may affect your electricity bill” by Allan Loi and Nur Azha Putra.

CNA is clearly complicit in another PAP scam because oil prices should have been delinked from electricity tariff since years ago.

According to EMA, 95% of Singapore’s electricity was generated using natural gas in 2016.

While the price of oil (WTI) has more than doubled to currently about 35% off its 2014 high,

… natural gas price has increased at a much slower rate and is still 50% off its 2014 high.

In fact, it is unchanged from one year ago!

More at https://tinyurI.com/yanur4rq

 

[AhMeng]

70% song song can already..Lol

 

[Bad New Brown]

Today WTI crude oil price is USD $73.50 per barrel

 

[hairylee]

They use LNG to generate our electricity but peg the price to crude oil.

 

[Bad New Brown]

Find a electricity retailer to hedge if you are high tension residential user

 

[555]

I was under the impression that electricity prices increase because of carbon tax

Water conservation tax
Sugar tax

 

[halsey02]

Dont Forget they give out GSTv in the month of July....one hand gives, hundred hands grope you for your money....they will ravish you.

 

[frenchbriefs]

we should switch back to coal for electicity.

 

[Annunaki]

 

[oneMdeeBee]

arbitrarily and summarily deleted