Cost of electricity to go up from April as oil prices rise

last SG · 2008-03-20T07:12:55+00:00

maybe we shld have hamsters instead

bryanw SG

all the pay increments used to offset inflation. btw hi lao ying.

Karma88 SG

Aya the earth is going to die soon.

So why not spend all your money b4 we all dies LOL

eagle SG

all the pay increments used to offset inflation. btw hi lao ying.

hallo

deathbait SG

Suggest you attack the issues head on instead of digressing and distorting.

Undeniable facts of the case, Singapore Power has a Return on Equity (ROE) of 20%, while OCBC bank has a ROE of 15%.

Singapore Power charges 8.75 cents more per kilowatt hour as compared to an Australian Power company.

i'm not dodging the issue

fortunately for me, I have the ability(you seemingly lack) to look at the whole big picture. I don't zero in on a single speck on the budget report and start curve fitting.

If the gov does not get money from source A, it needs to get it from source B. Guess what source B could be? Certainly something new you can complain about.

You refused to compare countries with companies before, so why start now? I agreed previously it's better to compare countries with countries. Let's start with the countries you like to list as examples. Hong kong and australia. I notice you're really good at digging up spreadsheets. Go on, dig up the entire gov budget instead of just one item. You'll see that while our energy costs may be higher, other aspects of taxes will be lower.

A government has to get money. The money has to come from somewhere. Stop focusing on an irrelevent issue and look into the bigger picture. Is there a REASON the costs of energy is higher here than elsewhere? Consider lurking variables. Honestly, you remind me of the boss in dilbert.

eagle SG

Of course the government has to get money somehow. They need to further raise their already highest-in-the-world pay for such a profession.

maurizio13 SG

i'm not dodging the issue

fortunately for me, I have the ability(you seemingly lack) to look at the whole big picture. I don't zero in on a single speck on the budget report and start curve fitting.

If the gov does not get money from source A, it needs to get it from source B. Guess what source B could be? Certainly something new you can complain about.

Last I heard the profits from Singapore Power is not part of the Singapore government budget, the profits from Singapore Power goes directly to Temasek.

TCH05 SG

I think we can be enlightened by looking a little bit more into the link introduced by TCH05.

http://www.med.govt.nz/templates/MultipageDocumentTOC____23939.aspx

"A Formula for LNG Pricing" by Gary Eng, Independent Consultant,

Stop trying to convince them. What they will do is end up talking about the definition of correlation like how people will talk in a maths discussion forum. And my guess is that Eagle might even considering pulling out some formula from his high school text book to teach us about coefficent of correlations.

I thought we use Natural Gas to generate our electricity?

How come electricity is pegged to oil?

As we can see, Maurizio13 is the one who asked the questions about why LNG powered electricity prices are moving in tandem with oil price and he even went as far as quoting us a bunch of charts to prove there are no correlationship between both.

This is a quote from an article which might be worth reading if you are really interested on how LNG pricing work.

http://www.eia.doe.gov/oiaf/analysispaper/global/lngmarket.html

"Costs of liquefaction, shipping, and regasification have declined over time, lowering costs to producers. Since the LNG market is primarily driven by long-term contracts with pricing mechanisms pegged to petroleum products, however, lower operating costs do not necessarily translate into lower LNG prices, at least in the short term"

Actually I am clueless about why Eagle is so interested to focus his argument on PLNG = A+B×PCrudeOil being some elementary maths equation, when I have already shown him that this something which is being used by the industry to determine the price of LNG, and not some cheap talk taken from forums.

TCH05 SG

Suggest you attack the issues head on instead of digressing and distorting.

Undeniable facts of the case, Singapore Power has a Return on Equity (ROE) of 20%, while OCBC bank has a ROE of 15%.

Singapore Power charges 8.75 cents more per kilowatt hour as compared to an Australian Power company.

What are exactly are you tying to prove when comparing the ROE of OCBC (a public listed bank) and Singapore Power (a government owned power station)?

deathbait SG

Last I heard the profits from Singapore Power is not part of the Singapore government budget, the profits from Singapore Power goes directly to Temasek.

you can't have it both ways

either you treat temasek as seperate from the gov and stop bashing the gov for it's failings, or you treat temasek as part of the gov.

You can't seperate and join them at will just because it makes your current point.

maurizio13 SG

you can't have it both ways

either you treat temasek as seperate from the gov and stop bashing the gov for it's failings, or you treat temasek as part of the gov.

You can't seperate and join them at will just because it makes your current point.

Huh?

Who's having it both ways?

Haven't I ALWAYS propounded the fact that Temasek is a government linked organisation with profit motives?

Whose separating and joining them at will?

How I wish reality in the real world is like your brain, a binary bit (1) for ON and a (0) for off?

It would have been much simpler explaining things to folks like you.

By the way, according to your logic, is Singapore democratic or communistic?

maurizio13 SG

This is a quote from an article which might be worth reading if you are really interested on how LNG pricing work.

http://www.eia.doe.gov/oiaf/analysispaper/global/lngmarket.html

Very simple to prove if your equation is right, just put the figures from the graph to your equation.

There were some points in your graph where the price of oil is spiking and the price of natural gas was dipping.

Does the formula provide exactly the same price as it was stated in the graph?

Yes or no?

deathbait SG

Huh?

Who's having it both ways?

Haven't I ALWAYS propounded the fact that Temasek is a government linked organisation with profit motives?

Whose separating and joining them at will?

How I wish reality in the real world is like your brain, a binary bit (1) for ON and a (0) for off?

It would have been much simpler explaining things to folks like you.

By the way, according to your logic, is Singapore democratic or communistic?

you JUST SAID IT

oh my god you're dense

"Last I heard the profits from Singapore Power is not part of the Singapore government budget, the profits from Singapore Power goes directly to Temasek." -maurizio

TCH05 SG

Very simple to prove if your equation is right, just put the figures from the graph to your equation.

There were some points in your graph where the price of oil is spiking and the price of natural gas was dipping.

Does the formula provide exactly the same price as it was stated in the graph?

Yes or no?

If you are asking me this question, it is obvious that your understanding of correlation and equation is limited by what you have studied in your secondary E-maths. Even that, I suspect that you dont even quite understand what you have studied in class.

I think it is easier for me to show you how an empty vessel looks and sounds like than to explain to you what is correlation. So look yourself in the mirror and tell me what you see.

http://en.wikipedia.org/wiki/Correlation

eagle SG

I think it is easier for me to show you how an empty vessel looks and sounds like than to explain to you what is correlation. So look yourself in the mirror and tell me what you see.

http://en.wikipedia.org/wiki/Correlation

I'm glad you took some time to look up correlation finally. Here's an extra website to clear doubts:

http://www.graphpad.com/articles/interpret/corl_n_linear_reg/correlation.htm

TCH05 SG

I'm glad you took some time to look up correlation finally. Here's an extra website to clear doubts:

http://www.graphpad.com/articles/interpret/corl_n_linear_reg/correlation.htm

I am glad that you are slightly smarter than Maurizio13.

maurizio13 SG

you JUST SAID IT

oh my god you're dense

"Last I heard the profits from Singapore Power is not part of the Singapore government budget, the profits from Singapore Power goes directly to Temasek." -maurizio

OMG!

You are daft!

Maybe you can show us that the government gets it's budget from Temasek?

Originally posted by deathbait:

"fortunately for me, I have the ability(you seemingly lack) to look at the whole big picture. I don't zero in on a single speck on the budget report and start curve fitting.

If the gov does not get money from source A, it needs to get it from source B. Guess what source B could be? Certainly something new you can complain about."

fairlady_xoxo SG

zzzz my online gaming how?!

maurizio13 SG

I think it is easier for me to show you how an empty vessel looks and sounds like than to explain to you what is correlation. So look yourself in the mirror and tell me what you see.

http://en.wikipedia.org/wiki/Correlation

So what you are telling us is that the equation between oil and natural gas has some aspects of correlation and that both have negative covariance?

Then I would agree with what you said 100%.

TCH05 SG

So what you are telling us is that the equation between oil and natural gas has some aspects of correlation and that both have negative covariance?

Then I would agree with what you said 100%.

Please tell us how much do you know about negative covariance in the context of our discussion, just to make sure you know what exactly you are talking about.

Plus, how on earth can you suddenly talk about -ve covariance when I am talking about empty vessel, not to mention coming from someone who can only see correlation in a straightline graph.

You sound very much like Eagle, you know?

maurizio13 SG

Please tell us how much do you know about negative covariance in the context of our discussion, just to make sure you know what exactly you are talking about.

Plus, how on earth can you suddenly talk about -ve covariance when I am talking about empty vessel, not to mention coming from someone who can only see correlation in a straightline graph.

You sound very much like Eagle, you know?

Shouldn't you know better?

What's the point of me explaining to you?

When I know very well that you will not accept my explanation.

You being such an authority in correlations and statistics.

And you need me to explain S.D., variances and covariances to you?

If you have impromtu knowledge, go google it.

Is it?

Ever heard the adage, "great minds think alike".

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