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- Dec 30, 2010
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So how is it the price to the consumer is jerked every quarter? When the Natuna Gas Supply was negotiated, surely it was on a longer term than quarterly basis? After EMA engaged Cambridge Energy Research Associates (CERA) to review the tariff formula in 2009, the net result was that the fuel component of the tariff was revised based on the 3 months of the preceding quarter instead of the last month. But the vesting price is still tweaked every quarter. It's like what Gerard Ee and and his merry men did: after so much "deliberation", and paying some consultant $860,000, the Ministers are still living it up with at least a million dollars every year, thanks to the creative bonuses. And the taxpayers are still footing the bill - if not from the electricity bill, it's the ERP, COE, GST, HDB pricing, transport fares, health care charges, university fees, etc, etc.
- http://singaporedesk.blogspot.com/2012/04/no-april-fool-joke.html
- http://singaporedesk.blogspot.com/2012/04/no-april-fool-joke.html