go dig through last years mails. u shld get the letter. unless u staying landed property ... :bigeyes:
hahaha..i wish ah....i stay HDB....
go dig through last years mails. u shld get the letter. unless u staying landed property ... :bigeyes:
for some periods last year, the electricity tariff was adjusted down in the region of 20+%, i think. you can check the sp website.
Singapores tariff raising ranked 2nd amongst 21 cities.. Another feat achieved. read the last sentence of this article :think:
By the way, Hong Kongs CLP Power froze and maintained their tariff for nine consecutive years until 2007.
Singapores tariff raising ranked 2nd amongst 21 cities.. Another feat achieved. read the last sentence of this article :think:
http://theonlinecitizen.com/2009/10...-tariff-raising-ranked-2nd-amongst-21-cities/
According to Hong Kong electricity producer CLP Power, which supplies about 80 per cent of Hong Kongs power needs, in a media statement last year (Sep 2008), Singapore was ranked second among 21 cities for raising electricity tariffs most, since 2005.
For example, Singapores tariff in the table, rose by about 60 plus per cent, compared to about 15 per cent and 10 plus per cent for Hong Kong and Kuala Lumpur respectively.
Singapore Powers (SP) Net Profit After Taxation for FY08/09 was $798 million, with revenue of $6,618 million.
Since SP provides the delivery of electricity, what about the profits of the power generation companies? Three of Temaseks power generation companies have been sold to foreign companies.
For example, one of Singapores power companies, Seraya Power, was sold to YTL Corporation in Malaysia.
According to YTLs web site, YTL Power registered a 43.8% jump in revenue for the 12 months ended 30 June 2009, due principally to the consolidation of approximately 4 months results from PowerSeraya, with PowerSeraya contributing RM197.4 million (US$56.4 m) in profit before tax.
As this is the profit from just one power generation company, how much in total profits do all the power generation companies make in a year?
And how much of these profits end up in the hands of foreign companies?
With about 117,000 unemployed residents as of June, and perhaps hundreds of thousands of Singaporeans suffering from reduced earnings in the current economic downturn, isnt it time for a review of our national utilities policies, which allow the power sector to make huge profits, and to sell companies to foreign companies, without the need for parliamentary debate or approval?
Singapores tariff for the quarter starting in October, will be 21.69 cents per kilowatt hour, compared to Hong Kongs 75.7 HK Cents (S$0.136) to 95.5 HK Cents (S$0.172) depending on consumption volume.
By the way, Hong Kongs CLP Power froze and maintained their tariff for nine consecutive years until 2007.
People using nuclear power how to compare?
http://pepei.pennnet.com/Articles/A...ATION_ID=6&ARTICLE_ID=347497&C=INDUS&dcmp=rss
Hong Kong's CLP mulls expanding nuclear capacity
10 December 2008 - CLP Holdings, one of Hong Kong's two electricity producers, said it is studying the feasibility of investing in two nuclear power plants with a combined capacity of 2000 MW.
CLP already owns 25 per cent of a nuclear power joint venture at Daya Bay, in the bordering mainland Chinese city of Shenzhen, with partner China Guangdong Nuclear Power Holding.
"We would like to make more investment. Right now it's a feasibility study only. It's not a firm commitment idea," Andrew Brandler, CLP's chief executive officer, told reporters.
The company is looking to generate 20 per cent of its power from renewable sources, including nuclear, by 2020, Brandler said. Renewables accounted for more than five per cent of its energy portfolio at the end of last year, according to its website.
It's amazing how the electricity here is pegged to crude oil prices when most of it are actually generated by natural gas.
My guess is 'eyes' read it but still disagrees with it and thus his statement "It's amazing". Difference is maybe you could accept the reasons given, but many could not especially given their huge profits.i thought there were posts made by me regarding why exactly that is done so. you have not read? or didn't bother?