Wednesday, November 07, 2018

Market for electricity

Dear Mr Tan

1. Under our old leaders, we able managed under one provider. Do we now need 13?

2. Based on the discounts they are offering, it shows right now our much the current provider is earning and they still increase the rate.

3. Why need 13 companies, unless creating posts for themselves. Isn't it waste of resources and manpower e.g. each company need directors, top management, staff etc. Its really wasteful.

Whats your views on this?

https://dollarsandsense.sg/complete-guide-choosing-cheapest-open-electricity-market-retailer/

REPLY
I prefer to have only one state owned provider and the electricity price to be controlled by an effective regulator. The price should be compared to the prices in other cities and any difference should be justified.

I find it wasteful to have so many providers. The marketing cost, admin cost, computer software, will all increase the final price of the product.



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