I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Saturday 14 June 2014

Fall in wholesale electricity prices worries gencos Rates have fallen below cost of natural gas feedstock, posing financial risks for players

BT 20140614 RFUEL14 1131857
FUELLING UP

PacificLight Power's new 800 MW Jurong Island facility is 100 per cent LNG-fuelled, although it is starting to look at diversifying its feedstock portfolio for supply-security reasons. - FILE PHOTO
Singapore

SINGAPORE generation companies (gencos) are concerned that wholesale electricity prices here have fallen for the first time below the cost of their natural gas feedstock this year.
An industry official has warned that this is an unsustainable situation, as it poses financial risks for market players.

The situation has arisen largely from intense market competition fanned by oversupply from recent new genco plants, but another factor is the rigidity of current gas supply contracts with their "take-or-pay" clauses.

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