SYNOPSIS

The competitiveness of electricity tariff is a common topic in the power generation market as it is vital to the development of a country’s economy and it affects the livelihood of the public. Hence it is always one of the key criteria to be evaluated when awarding a tender to build a power plant. The electricity tariff comprises of multiple components in which the single largest component is made up of fuel cost.

This talk draws attention to the fuel diversification in a power market (e.g. Malaysia) and the different fuels which determine the fuel specific electricity tariff. The talk aims to shed lights on how a regulated market’s electricity tariff is being computed with respect to the different type of power plant technologies from oil-fired power plant to combined-cycle power plant to coal-fired power plant. Each power plant technology has its advantages in supporting the electricity grid and also its drawbacks. This will be elaborated in the talk.


BIODATA OF SPEAKER

Ir. Benjamin Ng Chong Jin is the Loss Prevention Consultant at FM Global Insurance specializing in power generation market. He has been involved in numerous power plants development from conceptualizing, financial modeling, tendering and design evaluation when he was in one of the IPP’s in Malaysia. He has been technically trained in a reputable Gas Turbine manufacturer and has good commissioning experiences. Ir. Benjamin Ng holds a Bachelor (Hons) Degree in Mechanical Engineering in 2003. He is also a Professional Engineer (Mechanical) registered with BEM, a Corporate Member of IEM and a certified accountant with ACCA.