Time for PAP government to show some seriousness and some spine!

Electricity retailer Red Dot Power (RDP) has exited the Singapore open electricity market (OEM) citing financial challenges as the reason.

It was less than 1 year ago (on 1 April 2018) that RDP – along with 12 other electricity retailers – participated in the soft launch of OEM in Jurong and managed to sign up about 3000 customers. In a drastic turn on 1 November 2018, RDP decided not to sign up any more customers. Since their exit from Singapore OEM, all RDP’s customers have been migrated to Singapore Power and assured of service continuity.

I do not know how the Energy Market Authority (EMA) – being the regulator of our national energy market – assessed and approved companies to qualify as an electricity retailer. But among other things, financial standing of the retailers must surely be an important consideration.

There has to be certain minimum standards, criterion, expectations, code of business conduct and behaviour and corresponding penalties that are required of electricity retailers in Singapore if we aspire to continue being a reliable, reputable business hub, financial centre and a home for everyone.

If any new electricity retailer can simply cite financial challenges as an excuse, fold-up and say bye to us just like that, EMA and the Consumer Association of Singapore (CASE) cannot simply keep quiet and pretend that nothing is wrong just because most apathetic Singaporeans don’t know and don’t care much about such developments!

I strongly feel that in order to serve as a warning to the rest, RDP cannot be allowed to leave just like that without any consequences or make to pay a hefty penalty. When we have weak people in charge, such things will happen with impunity and they will happen again

This is an insult to our business governance standards and make monkey of our OEM model. It would be a very sad day if this useless PAP government does not understand that there is a fine line between participation and mockery. In this case, it is mockery!

If we have strong and serious people in charge of government and in the EMA, then they wouldn’t have taken things lightly or lying down. I will say this loudly to this weak PAP government: show some seriousness and show some spine!

 

Simon Lim

 

 

 

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22 Responses to “Time for PAP government to show some seriousness and some spine!”

  • NotMyProblem:

    @Simon, nothing surprising. Just like employers can terminate employees with one month notice without any compensation.

    This is how Singapore works, just notice will do. You think any Govt agency could or want to do anything? That’s hard work, PAP’s agencies are not known for hard work!

    Just blame this situation on the consumers, end of the story!

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  • MarBowling:

    Think RDP has realized that SHTF. Better cut lost than compete with Big Bullies that have mother of deep pockets like Keppel, Semb and now latest Singtel….EMA(Extra Marbok Authority)is Zzzzzing all day/night Loong.

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  • opposition dude:

    It was bound to happen with so many electricity retailers but I never expected it to be so soon. Same goes for the number of telcos cum internet service providers. I would not be surprised if one or 2 close shop within the next few years. Business is like that one lah, no customers you cease to exist.

    Still remember all those travel agents and gym closures reported in the newspaper in the last 2 years or so?

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  • I'm Halimah also Jiak Liao bee:

    EMA is managed under Tin Can Spade’s husband, another one of the PAPIGS well connected Crony.
    it’s just ownself protect ownself, since 70% daft Sinkies all gong gong just swallow what ever shit the PAPIGS throws at them.

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  • Bad Boy:

    Biz decision depends on individual company or individuals

    Dont we have someone bid for chong chong serangoon garden hawker stall for 5 figure rental. In the end she also forfeited.

    Uber also exited.

    What about obike? What about ofo ?
    Deposits not return ….

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  • Please Tell Me Why?:

    When is SP allow to charge 20 to 30% more than the other power suppliers?

    Can SP lower their price of electricity tariffs to remain competitive?

    What is holding SP back?

    Arrogance?

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  • rukidding:

    Simon,…they are not “weak” !

    Who knows,…”behind the scene”…are “actually the same group of schemers” ???

    So,..if their “great plan of milking the cow” fails,…of course they would want to “exit” easily themselves …rite ??

    If their “plans” had worked well,….you think this will happen ???

    Dont forget,..if an Indian can become a Malay….whatelse “cannot be happening behind your back” ???

    If a personal lawyer can become a “ass grinder” ( AG)…what else can “anything not become” ???

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  • N.Jungne:

    PAP is very serious to the extend of suing own nephew and sister-in-law. Innocent blogger also kena until pants drop. With him, SInkapoo will be safe, no worry and no scared.

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  • Singapore Fooled Again n Again:

    Not only not filtering credible entries to operate, there’s these 30% discount off regular tariffs that Singapore Power usually charge from a few other competing providers.

    Does it mean that over the last few decades, Singaporeans and businesses are ripped out with fat profits from Singapore Power and that’s why over the years, it’s annual profit is nearly $1 billion if I’ve not seen wrongly from postings here

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  • Christopher Bong:

    Spine? What spine? Just look at OFO, more such things coming.

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  • Lye Khuen Way:

    Well, so Red Dot Power put up the White Flag and nothing much happened!

    Correction :Singtel Power has instead popped up.

    Uniquely $inkapoor. No?

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  • patriot of TUMASIK:

    Don’t Joke lah Simon…Seriousness??? since when besides that great pay and sleeping or not attending Parliament is serious BUSINESS…lifestyle and sleeping is the serious business they attend to and the rest they leave it to the IDIOTS to do for a fraction of what they Get Paid for SLEEPING on the JOB!!!

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  • PAP not PAP:

    A strange public perception of PAP is not PAP nepoticized by LKY but now conned over by Gorilla in Santa Cloak jingling all the way as it ho ho ho sliding down your chimney. The heart attack patient claiming he paid the same as a citizen private first class patient contrary to the naive heart patient who pay only $8 . Who is lying v4 gorilla man or $8 a old nepotic relative. V4 sees also a gorilla barking not too long along in defiance to gorilla strangled imbecile who does not know jokes from sarcasm n incapable to protect even a college first love from the nepotic wrath plus chained to the gorilla at a cost of $250k to be rewarded as world first bonus reward for billion $ loss for negative investment n still doing so to become world first Gorilla Charlie in investment

    Singaporeans voted in fear n reverence to the departed old emperor (who left his son, daughter, daughter in law n grandsons to be trampled by the Gorilla n its fart worms like medic fee liar n berrachan stupidus Sin of v4 gorilla relatives n departed fart worms so well rewarded by credit points that they were conned to be still poing the blp imbecile) r being hoodwinked by the fart screen emitted from the gorilla den with the jinging ho ho ho. Doing so will see their hard earned saving, roof over their head robbed away by the grredy hungry gorilla, its gripped imbercile n stinky gorilla fart worms.

    So Singaporeans protect your eyes from the stinking gorilla farts n see how your state funds waters away thru negative investment, fraudulently claimed historic meeting essentially well paid holidays n distributaries of oily water mysteriously flowing into well camouflaged fissures with a brand new source of supply for international n fissure distribution.

    Wake up Singaporeans before being smothered by the fart worms crawling out of gorilla den n the hoodwinked polapa of the departed emperor while the karma is spreading!

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  • LIONS:

    FAKE COMPETITION to cover up THE REAL MONOPOLY OF SP.

    There is deep hypocri$y here.
    What about a WALMART here to compete with NTUC FAIRPRICE?

    COLLECT MORE MONEY IS THE PAP’S OBJECTIVE.
    Everything else is merely a FACADE.

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  • 5 yr old even knows:

    this is how singapore works…

    1) set super high rental and taxes. Create an illusion of free market by opening a sector. outsiders come in and unaware and get to pay high rental for a year or two before winding up . The cycle continues

    2) No minimum capital required to open company. this will drive away many foreign businesses.

    3) rentals and other issues controlled by single monopoly entity that manipulates the market.

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  • The Nightmare’s Just Begun...:

    One name to remember, folks, lest you’ve forgotten:
    FREDDY LEE KRUEGER

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  • Dont be fooled:

    Competition? What competition?

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  • WakeupSG:

    NO ONE AT THE TOP TAKE RESPONSIBILITY – IT’S THE PAPPY CULTURE!

    IT IS NOT GOOD FOR A HEALTHY MANAGEMENT-WORKER CULTURE!

    (https://www.straitstimes.com/forum/letters-in-print/singhealth-breach-no-one-taking-responsibility)

    THE GOVT SHOULD DO MORE TO STOP THIS DECADENCE CULTURE RATHER THAN CURB THE “SO CALLED FAKE NEWS” THAT ARE CONTRARY TO THEIR POLITICAL AGENDA THEREBY CURBING FREEDOM OF EXPRESSION WHICH IS THE CONSTITUTIONAL RIGHTS OF CITIZENS!

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  • 4G Leaders, say something!:

    You are a damn obedient and quiet lot!

    Voters want leaders not followers!

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  • elmstreeter:

    @ LIONS

    Introduce competition?? Into the local context? Forget it!

    As long as the Pimps And Prostitutes are in charge, competition is the last ‘C’ they’ll ever introduce or teach students in a classroom here.

    Even if Walmart were to come, do you know what’ll happen? That Familee’s gonna just insert someone from its side into a joint-stock company with agreement from the Waltons, in a 50-50 – ok, maybe, L51-W49, even L30-W70 kind of venture – simple as that!

    Suffice to just remember one name:
    FREDDIE LEE KRUEGER

    “Sharp business acumen”, if you believe The Older (Dead) One.

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  • Cherrying Picking Policies:

    It’s a wayang to hookwink dafts.
    Real competition will only come with international players and not PAP players.
    They want to preserve SP dominant position.
    This is just like the parliament with a few token oppositions to showcase fake democracy.

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  • Seriously speaking:

    The individual is ephemeral, races and nations come and they pass away, but man remains … It’s not the love (nor money) you make. It’s the love you give.
    - Nikola Tesla, Electric Scientist

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