Index()Plus(/) Energy Plan
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Reflecting prevailing rates of the energy cost at all times, IndexPlus Energy Plan is an energy solution that is suitable for customers with an appetite for some risks and the ability to alter their electricity consumption to the swing of market prices. This product is good for customers who are savvy about the fuel oil and foreign exchange markets.

Benefits of IndexPlus

  • Energy rates that reflect current oil prices (which determine energy generation costs)
  • Lower electricity prices and possible savings in periods when fuel prices and FOREX falls


IndexPlus is suitable for you if you:

  • Want an energy solution that allows your energy usage to be charged based on power generating costs
  • Want prices to closely reflect the Power Supply Electricity Tariff Structure
  • Are able to monitor and make use of market information on fuel oil and FOREX
  • Are able to manage swings in operating costs • Are in the petrochemical or energy related industry


How it works:

img_arrow.jpg Electricity prices are linked or pegged to prevailing fuel prices and FOREX. For example, HSFO 180 cst and SGD/USD.
img_arrow.jpg You can monitor the forward fuel prices and FOREX movements. For example, when electricity price is low, you can take the opportunity to increase production.

 



Index Price Product Example

Formula for electricity price
Rate in S$MWh = (a + b) x HSFO 180cSt* x Forex#
Example
a=35, b=0.2, HSFO= 500, Forex= 1.45
Rate: 35 +0.2 x 500 x $1.45 = S$255.20 per MWh
* Fuel price in example is an indicative price. Actual price may vary according to market conditions.
# Exchange rate in example is an indicative rate. Actual rate may vary according to market conditions .