There's potential for lower utility costs
IT is heartening that electricity rates here, both for homes and industries, have eased by some 10 per cent according to industry estimates, thanks largely to the intense competition among gencos, all under different owners, including foreign ones. Increased power supplies, including recently started liquefied natural gas imports, have helped.
But LNG supplies per se have not directly impacted power prices. It is just that Brent crude prices, to which LNG supplies are pegged, have eased recently. PNG prices, on the other hand, are pegged to high sulphur fuel oil prices. Simply put, consumers here have since…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access