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i have given you enough information... go ask your econ teacher if you cannot understand.. you twit..
i have given you enough information... go ask your econ teacher if you cannot understand.. you twit..
Both are fossil feuls. Both generate energy and are alternatives to each other. The price of one is linked to the other whether you realise it or not.
Nope, it was never fixed.
Which means to say it is not fixed la. Don't try to BS here. There are no long term fixed priced for fossil fuels in the world.
Thats correct, so when oil prices goes up, the gas price will go up too.
Don't BS here please.
i have given you enough information... go ask your econ teacher if you cannot understand.. you twit..
You gave me enough info to prove its not a fixed price. It pegged, not fixed. In other words, your claim that electricity prices should not be adjusted because gas price is fixed is pure BS. Gas prices have been increasing.
Don't BS here.
Price terms. Gas must be priced at a level competitive with alternate fuels in the marketplace and provide an adequate return for all parties in the chain.
Pricing may be (1) fixed, (2) fixed with escalators, or (3)floating.
(1) A fixed price is a set negotiated price over the term of the contract and is usually found in shorter-term contracts.
(2) A fixed price with an escalator is a fixed price that changes by a certain percentage every year or other specified time frame to reflect an inflator or an index of a known variable. Indexing prices helps to ensure gas price competitiveness to alternate fuels and helps to integrate changes in the marketplace without renegotiating long-term contracts. Most gas contracts in Europe are indexed to the price of crude oil or other liquid fuel products imported by the gas buying country.
(3) Alternatively, a floating price varies according to prices reported by unbiased sources, such as newspapers and NYMEX quotations. In this case, the contracts are revalued every month or every week according to the reported prices.
Prices, both fixed and floating, may also be limited to a maximum ceiling price or a minimum floor price for the term of the contract. Contracts may also have combinations of fixed and floating prices.
There are no fixed price contracts for fossil feuls in the market.
There are no long term fixed priced for fossil fuels in the world.
Jun 11 - Indonesia To Review Fixed-Price LNG Contracts
Source Press
Company Pertamina
Date June 16, 2011
It pegged, ..
Kinana
As for your claim that there is no fixed price contracts for fossil feuls in this world...
feuls is incorrect.The correct word is fuels.
EMA replies to Leong Sze Hian sound like .................
You gave me enough info to prove its not a fixed price. It pegged, not fixed. In other words, your claim that electricity prices should not be adjusted because gas price is fixed is pure BS. Gas prices have been increasing.
Don't BS here.