atans1

Why MSM no kanna POFMA for spreading fake news?

In Energy, Media on 01/01/2020 at 2:02 pm

From our constructive, nation-building media recently

Electricity tariff to rise 3.5% in January-March to hit 5-year high

Read more at https://www.todayonline.com/world/electricity-tariff-rise-35-january-march-hit-5-year-high

Electricity tariffs to rise 3.5% in first quarter of 2020; gas prices to fall

https://www.straitstimes.com/singapore/electricity-tariffs-to-rise-35-in-first-quarter-of-2020-to-hit-highest-rate-in-more-than

Electricity tariff to rise 3.5% in January-March to hit 5-year high

Fake news because (emphasis mine)

From January 1 to March 31, Singapore households using SP Group’s services can expect to pay a higher electricity tariff of around 3.5 per cent on average (before 7 per cent GST), the company said on Monday (Dec 30). This 0.81 cent per kilowatt hour (kwh) increase from the last quarter is due to higher energy cost.

https://www.businessinsider.sg/10-changes-that-will-affect-singaporeans-in-2020-including-3-door-buses-and-gst-on-your-netflix-subscriptions/

At least 40% of residential consumers will not be affected because they are using other electric retailers. These offer fixed or floating* rates, way below SP’s rate. The Energy Market Authority (EMA) had said on Oct 15 2019 that about 40% of residential consumers have switched from SP Group to new electricity retailer as of end-August. Only 60% of residential consumers including Tan Kin Lian are still on SP rates. They are affected but its their fault for not switching to cheaper providers.

I presume TKL is still with SP because he KPKBed late last yr, that he found the packages on offer from other electric retailers confusing. He one blur sotong.

Amended on 3 January at 5.20 am to clarify that the other retailers also provide floating rates.

 

  1. Not all 40% unaffected. Some chose the “25% off SP tariff” plans. So they’ll still see 3.5% increase. But overall still 25% below SP rates lah.

    As for myself (and I suspect most others who switched), I went for the fixed rate rather than the floating rate, as I expect a general commodities inflation (including natgas) in the 2020s after the last few years of bear market & basing patterns. (economic & debt cycles)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: