Sharp falls in electricity market make Singaporeans question if govt was profiteering
#11
"Sharp falls in electricity market make Singaporeans question if govt was profiteering"

Hope SP can give Singaporean a satisfactory answer. Or any Ministers? I don't mind one rush after another out to explain.
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#12
HyFlux's total collapse reminds us of the recent OFO Bike's misfortune ...
We hope the useless govt knows how to rescue all the ailing industries due to their incompetence ...


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11-1-2019 7:57 AM
Observers said:
Isn't Hyflux going under because of their Tuaspring power plant making massive losses in the face of industry wide oversupply situation?

Seems like other gen cos in Singapore are desperate to sell their excess electricity in any amount to anyone at any price. I heard one electricity reseller already closed shop after just a few months of operations? I hope our government is increasing their oversight on power plants in SIngapore to make sure they are properly run with all the prescribed safe guards and no corners cut.

And also those (opportunistic?) resellers, make sure they can't just take deposits from retail consumers and run away with the money when the company meets cash flow problems because of steep discounts and stiff competition.
Our teacher says this :

" Verily I say unto you, Whatsoever ye shall bind on earth shall be bound in heaven: and whatsoever ye shall loose on earth shall be loosed in heaven. "

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#13
11-1-2019 7:37 AM
kgliangp said:
If nobody is question it, that is something most worrying. , it prove lky was right to said about singaporean. Heng ah singaporean hs confirm people are not stupid.

Useless AGC never audit Temasek.

And why NO Neutral Independent Party to check on PaP?
Crazy Jac Lau having menopause like a dementia woman again?
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#14
11-1-2019 8:26 AM
wallstreetraider said:
HyFlux's total collapse reminds us of the recent OFO Bike's misfortune ...
We hope the useless govt knows how to rescue all the ailing industries due to their incompetence ...


.

Even though I am a Hyflux shareholder, I hope our government don't use innocent taxpayers money to bail out Hyflux. By bailing out Hyflux, most of the monies will go to the biggest shareholders and foreign institutional bondholders and creditors, some of whom's incompetence brought Hyflux to the state it is now. Why should tax payers foot the bill for their incompetence?
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#15
Cheap cheap electricity? The infrastructure itself is expensive and much depends on oil and gas market price.
Maintainence is high.
Be thankful our cables are all underground.
So many countries have to deal with power breakdown during storms and bad weather because of exposed cables.
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#16
11-1-2019 7:27 AM
sgbuffett said:
Overnight by switching to new service providers in the new service providers Singaporeans see their electric bills fall by 20% to 40%.

These new providers had earlier purchased the same electric plants used by govt from temasek and electricity generation is a well established process with limited room for even small productivity improvements.

So the question is previously when govt sold us electricity their margin must have been very large and so was the profits. Yet everytime they increased electricity prices and burden citizens they said they had no choice because oil prices moved up. Now in private operators hands we see prices falling rapidly.

The quality of the services will also be affected.
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#17
11-1-2019 8:41 AM
Migrant said:
Cheap cheap electricity? The infrastructure itself is expensive and much depends on oil and gas market price.
Maintainence is high.
Be thankful our cables are all underground.
So many countries have to deal with power breakdown during storms and bad weather because of exposed cables.

It is true that our govt. had foresight to lay all electrical cables underground, because if it were to run overheads, then thunder storms may create havoc, when the cables are dislodged from their overhung poles. Also, burying cables underground will not spoil the landscape, and it is a safer means to distributing electricity supplies......... Big smile Big smile Big smile Big smile
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#18
11-1-2019 8:50 AM
debono said:
It is true that our govt. had foresight to lay all electrical cables underground, because if it were to run overheads, then thunder storms may create havoc, when the cables are dislodged from their overhung poles. Also, burying cables underground will not spoil the landscape, and it is a safer means to distributing electricity supplies......... Big smile Big smile Big smile Big smile

U paid for it they took the credit. Then u sing praise? Rolling on the flor laughing
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#19
Majority of the plans are similar in nature....the providers still get electricity from SP Group.., no change in electricity supplu infrastructure.
The only addition is the middle man (OEM providers)...to collect bills and handle customer support...
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#20
11-1-2019 9:10 AM
Notdumb said:
U paid for it they took the credit. Then u sing praise? Rolling on the flor laughing

Only those in the engineering field will appreciate this........... Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing
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