atans1

Some householders laughing all the way to the bank

In Energy, Financial competency on 25/03/2020 at 4:32 am

Those (like me) who signed up for floating rates pegged to the regulator’s price are smiling.

Looking forward to really low bills so long as oil is below US$30. So long as oil price is below US$55, those who signed up for floating rates can sneer at those with fixed tariffs. Most tariffs were fixed when oil was in US$55 – US$65.

Actually, I signed up for the floating rate scheme because it’s possible to break contract without penalties, unlike the fixed tariff contracts.

Related post: Wuhan virus: Why electricity prices sure to collapse

Whatever, the smaller bills will help make up for the mark-to-market losses in the stock market: Markets: Easy collapse, easy rebound.

Vote wisely.

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