Sufficient power capacity under temporary electricity scheme for business consumers: Tan See Leng

nd Minister for Trade and Industry Tan See Leng.contracts under the Temporary Electricity Contracting Support Scheme

Concerns over Singapore's energy security and increasing electricity prices have grown as oil and gas prices rise amid Russia's invasion of Ukraine.extended the scheme till May. Responding with an update on the power capacity available as at Feb 28, Dr Tan said EMA is monitoring the take-up rate of Trecs on a"tight basis" and offered to look into why the business in question could not secure a contract.EMA has also been negotiating with other gencos to provide for longer fixed price contracts of between six months to three years, he said.

These long-term contracts will be available to non-residential accounts with an average monthly consumption of 4MWh to 50MWh.

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Competition watchdog will take action if oil companies coordinate price increases, says Tan See LengI'm not having that. Lower the prices of fuel to 2.20 for 92, 2.40 for 95 and 2.60 for 98 or I'll sue you. Of course they do one way or another no doubt. Its a oily trade. Sudah la! Competition watchdog my ass!
La source: straits_times - 🏆 5. / 69 Lire la suite »

Competition watchdog will take action if oil companies coordinate price increases, says Tan See LengI'm not having that. Lower the prices of fuel to 2.20 for 92, 2.40 for 95 and 2.60 for 98 or I'll sue you. Of course they do one way or another no doubt. Its a oily trade. Sudah la! Competition watchdog my ass!
La source: straits_times - 🏆 5. / 69 Lire la suite »