lets be grateful and not lament.
lets accept our fate.
lets forget the bad things and remember the good things.

together , we can come together.

Now left with no choice – Sure Pay!

to tell us that they have to buy at a formula pegged to fuel oil price is bullshit, either they don’t know how to draft a simple contract or it’s s big lie.

basically the genco is like a trading company, it buys at a price at that point in time that it believes was the best price possible. it then sells to end users like us the consumers, based on the prevailing tariff. however during the interim period the market moves against it and it incurs a loss. but in the case of our gencos, no problem, just pass the loss on to the consumers and in the process even turn in a profit.

they can never lose as we are the suckers who will bail them out everytime. why do we allow them to do this to us?

If this is already expensive on average, had we use an index for the household price tag for electricity usage, we will surely be number 1.

Why is it that home consumption should subsidize industrial consumption?

SP power sold its building a year ago? Cant remember exact date but this info is public. So was the rating downgrade.

It was not SP Ausnet, it was other assets it bought together with babcock and brown. SP wanted to inject the assets into SP Ausnet post acquisition, but obviously the minorities of SP Ausnet said – fark off guys! The assets you paid were overvalued, dont dump it into SP Ausnet!!! Hence no equity deals done, they had to refinance the huge borrowings. Of course with the kind of cash generation that they have, plus the Temasek implied support, no problems. Banks will lend.

It gives the impression that the Tender Loving Care companies (or rather Temaske Linked companies) are under tremendous pressure to expand through M&A and often times acquire assets at high valuation.

Different classes of fuel are subject to different supply and demand situations and prices tend to move differently.

Why cant we use cost based approach (i.e. if its powered by natural gas pay natural gas price, powered by diesel pay diesel price)? instead of using a price formula that could be subject to manipulation, and always end up with the best outcome for the supplier. e.g. electricity tariffs up cos Fuel Oil Price up and when Fuel Oil price comes down, we can lower electricity tariffs cos diesel/ natural gas is more expensive now?

99) luke

When did SP sell SP Building?
When did SP Ausnet value tanked?

———————

SP Ausnet is listed on the SGX………….the info including share price can be found there.

To luke 96):

Singapore Power International got caught buying Aussie asset in 2007 costing billions which was intended to be unloaded to SP Ausnet, but then got stuck because of the financial meltdown. Of course the value has since dropped a lot.

To an END,
negating the role of social security role of a government.

We can duplicate the regime of MSM here, online. Or we just simply go back to the basics of ‘GOVERNMENT’.

Over the past decades, IRAS, HDB, MHA, and many more gov dept have moved out of the city centre. It helps in traffic congestion too.

DBS, even Citi group will be moving out to Changi eventually.
IBM has already moved to Ubi sometime ago.

When did SP sell SP Building?
When did SP Ausnet value tanked?

ya lo, if true. another extension to such brilliant way in rent seeking. hip hip hooray, more good years to come ? such invaluable talent we have ……

I thought this issue was being brought up by TOC in the recent past not too long ago and now they just go ahead and whack us consumers another 12.5%. TOC should start this issue again, if not, be prepared for another hike to follow, believe me, just watch and observe what’s coming up next. They do really need alot of $$$ to be used as freebies and carrots soon, election coming, old man may not last that long.

And when oil price came down, Govt or the stat boards would tell u that fuel is not a key cost factor !

These stat boards and Coys pay their execs half a million a year, they dont even know how to get a good future contract and do hedging.

PAP govt sold most but one Power Stations to foreigners is to wlak away from their responsibilities

I WILL NEVER VOTE FOR THEM TILL THEY either change their party’s name to rich and power action party, or they regain their souls !

these people are predominantly from the West. They are stopping others from doing what they have already done. They have got their dams, the have exploited their forests, polluted their rivers, and they go around the world stopping (trying) other from doing that. They should clean up their own backyard first. And sadly, we have got natives from these developing countriest “gong gong” following them in their hidden agenda just because they are angmos. In the pretext of saving the world, they are really saving their own ass from being overtaken by developing countries.”

“chiat-le-ai-si-lan-pow” – which means you are full of nonsense.

the environmentalists are a group of positive minded people willing to do their bit to save our already damaged earth / environment. yes, they are mostly from the West – as the west seems to be the change driving agent for most things – the rest (the east ?) are mostly followers (for good and for bad).

environmentalists are a totally different group of people from those who may be engaging in activities (some deemed commercially positive) contributing to the deterioration & degradation of the environment and negative externalities (e.g pollution in the form of industrial exhaust and chemical discharge, unhealthy consumerism in fast changing products long before their useful life like computers, handphones, tv, etc which need to be dumped into poor third world countries for recycling, etc) – though they may come from the same place known as the West.

at least, the west knows how to transfer their dirt (diversify their risk) to others in other parts of the world as they have the system to do so . How about the rest in the other parts of the world, do they have the system to protect their own people or they have the system to enable their own powerful group to screw their own lesser mortals – where the former may be living in nice big houses in clean “picturesque” surrounding far away from the place where their wealth may be derived from the commercial activities of an environmental harmful nature.

Take the case of iNTERNET BROADBAND connection.

For many years, 10 mbps connection in HK was only S$31 whereas SingTel charged S$90 plus GST, which was more than 3 TIMES more than in HK.

If people were to look at one of the past annual report (I think 2004) of the public listed bus company in HK , it mentioned that it had not raised fares since 1997 even though it had been improving its services & frequencies.

How else do you think Temasek could have achieved 18% pa annual return in the past?

By the way, the mobile phone rate in India is now only US 1 cent per minute – check latest news today. Compare that with what SingTel/Starhub charge.