WE LIVE GREEN

Understanding the Open Electricity Market - Buying For Your Home

18 Oct, 2018 10:47:12 AM / by Quek Leng Chuang posted in Residential, ES Living, Powering Sustainability

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There are 3 traditional bundles in the electrical power industry-  Generation, Transmission & Distribution, and Retail. The power sector has always been a nationalised one, and remains so in most parts of the free world.  However many states and countries in the USA, EU, Australia and NZ have liberalised the power sector to to allow in efficiencies that ultimately benefits electricity consumers in the form as lower tariffs.

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An Insight into Poverty in Singapore

19 Sep, 2018 11:22:59 AM / by Quek Leng Chuang posted in Social Entrepreneurship, Microphil, Residential, Business, ES Living, Powering Sustainability

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Although our nation is getting richer, those belonging to lower-income groups are feeling the pinch, with the ever-increasing cost of living, with rising utility bills, cost of food, transport fees and even taxes, just to name a few. According to SMU professor John Donaldson, approximately 10 to 14% of the local population are facing difficulties making ends meet. Also, while there are no official statistics in Singapore, according to international definitions, it can be suggested that approximately 1 out of 5 Singaporeans are living in relative poverty (with a median gross income of less than SGD 1500 per month).

 

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Micro-Philanthropy: Giving the Gift of Electricity

10 Sep, 2018 5:46:47 PM / by Quek Leng Chuang posted in Electricity Retail, Residential, Business, ES Living, Powering Sustainability

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Fuel Indexed Electricity Plans - NOT IN CONSUMER’S INTEREST

6 Sep, 2018 9:24:26 PM / by Quek Leng Chuang posted in Carbon Neutrality, Electricity Retail, Residential, Business, ES Living, Powering Sustainability

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Several retailers still offer a Fuel Indexed (FI) electricity price plan which propagate two broad value statements.  

1. It’s good for businesses in the petrochemical, energy industry, or industries whose operating costs are tied to oil prices.   

2. It allows businesses to increase operational production/output, when oil prices and by extension, electricity prices are cheaper.  

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