Global factors behind higher price volatility in wholesale electricity market; retailers exposed but most consumers 'cushioned' from impact: EMA

📆 16/10/2021 10:49:00
📰 TODAYonline

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SINGAPORE — Most customers in Singapore are cushioned from the higher price volatility in the wholesale electricity market, which has been hit in the past fortnight by several factors such as an increased demand for natural gas and falls in coal and natural-gas production, said the Energy Market Authority (EMA).

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Bwa hahaha!!! Volatility…in the trading market volatility is when market price crashes…😷

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About 90,000 households may face electricity bills over 20% higher as retailer iSwitch exits marketSINGAPORE — From Nov 12, Madam Mazidah Musa could find herself paying about 28 per cent more in electricity tariffs than she is paying now. And the EMA is not taking action to protect the these households? When the households exit early than the contract period…as consumers there is an early termination charge…but when it is the other way round, the authority doesn’t protect the people’s interest?
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