11/06/2008
Energy prices to be down by 20%
I heard this over the news last night that energy prices will fall by 20% over the next 5 years because of greater competition and LNG. I went really, uh, am I dreaming or is it a joke? Would anyone of you believe that this can really come true? We have heard so many great speeches that privatisation and competition will improve efficiency and bring down cost. I have yet to see one instance that it really happens and the consumers were paying less for improved services and products. All we know is that they were craps.
I for one will not believe that energy prices will come down by even 1%. But time will tell. Just hope that everyone reading this will remember it and start counting to see if it is a truth or another tooth in the next 5 years to come.
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2 comments:
April's Fool Day.... caught you didn't I? Hahaha...
Er, wait. It's Nov. It's an honest mistake. Let's move on.
:P
Kaffein
It will happen, but not in Singapore. This is just another of those make you feel good only news. Just remember to put in a pinch of salt.
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