EMC contempt for the consumer
My typical bill has been ~200SGD and now it's five times that! 😲
Since I'm subscribed to the wholesale market, I can expect price volatility, but the issue I have is the terrible communication from Singapore's Energy Market Company, charged with operating the electricity market in Singapore.
No accessible API to check the price
Want an API to check the half hour fluctuations of price? Expect to pay 1000+SGD for that information!!
No clear outlook or coverage
Why is the WEP is so volatile?
You won't find out from the EMC. The national newspaper will attribute it to a "global energy crisis".
SPgroup consumer advisory
I received post, not email from SP group with a consumer advisory on how to switch to the regulated tariff using Switchback. Why not communicate this new via email or on a Web page in a far more timely fashion?
The high WEP was attributed to:
- Global energy crunch resulting in high spot natural gas prices
- Production issues in Indonesia's gas fields disrupting supply of natural gas
- Unplanned outages of generation plants
The advisory also noted that the EMA is working with generation companies including "establishing a standby fuel facility".
Personally I wonder why Malaysia or Brunei is not mentioned here?
Can I expect to hear news by Singpost months after the event?
To conclude
My issue is slow communication of prices to the public. Months instead of a half hour "real time" competitive electricity market.
I've asked for the price feed before in July 2019, and the answer was this information belongs to a private entity.
I'm assuming that's EMC who charge 1000+ SGD a month for it which effectively keeps Singapore's wholesale consumers in the dark.