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Despite the fact that power is slightly cheaper on dynamic contracts, their number has fallen as customers switch to fixed-price contracts because they want the peace of mind of not being exposed to fluctuating wholesale prices. “Surprisingly, despite the fact that average dynamic prices should be lower, many people want to avoid risk and prefer to pay a fixed amount per month,” Gonzalez said. He said the number of people on dynamic pricing contracts has been stable over the past year, and that in recent months utilities have started offering intermediate options such as varying rates for different blocks of the day.
In the Nordics, many utilities offer dynamic pricing, though uptake ranges from about 30 percent in the tiny but highly digital Baltic country Estonia to 10 percent in Finland and a few percent in Sweden and sterling lapis lazuli star cufflinks Norway, according to EU data, Industry specialists say much will depend on to what extent the European Commission’s proposal on dynamic pricing is accepted, but all agree the higher the share of renewables in total generation, the bigger the pressure will become to make demand more flexible..
FRANKFURT (Reuters) - BMW’s (BMWG.DE) said it is producing between 10,000 and 20,000 X5 sports utility vehicles in Thailand as a way to supply Chinese customers now that imported vehicles from the United States face a 40 percent tariff. In spring 2016, BMW started building the X5 in Thailand and this plant is now capable of making a “significant portion” of the vehicles that would otherwise have been exported from its plant in Spartanburg, South Carolina to China. “This is one action to counteract,” Chief Executive Harald Krueger told analysts in a call to discuss the company’s second-quarter results.
SINGAPORE (Reuters) - When the U.S, Secretary of State flies into Southeast Asia this week with a new investment pitch for the region, the response could be: thanks a million, but please stop threatening a trade war with China that will make us lose billions of dollars, Analysts say the $113 million of technology, energy and infrastructure initiatives trumpeted by Mike Pompeo earlier this week - the first concrete details of U.S, President Donald sterling lapis lazuli star cufflinks Trump’s vague ‘Indo-Pacific’ policy - may be hard to sell to countries that form an integral part of Chinese exporters’ supply chains..
It may even further inflame tensions with Beijing, which has been spreading money and influence across the region via its Belt and Road Initiative development scheme. “The Southeast Asian capitals are more worried about any blowback effects for them of U.S.-China trade tension than they are about how much they can benefit from this $113 million initiative,” said Malcolm Cook, senior fellow at the Institute of Southeast Asian Studies in Singapore. “Pompeo has a hard selling job. There is still no real positive trade story for Asia coming out of the United States.”.
Hot on the heels of Washington’s new economic plan for emerging Asia came reports the United States could more than double planned tariffs on $200 billion of imported Chinese goods from dog food to building materials, China called it “blackmail” and vowed retaliation, After a brief meeting with new Malaysian Prime Minister Mahathir Mohamad in Kuala Lumpur, Pompeo will fly to Singapore - a global trading hub that could be one of the hardest-hit in the region by a trade war - for a sit-down with the 10-member Association of Southeast Asian Nations sterling lapis lazuli star cufflinks (ASEAN) on Friday..
Singapore’s biggest bank, DBS, estimates that a full-scale trade war - defined as 15-25 percent tariffs on all products traded between the U.S. and China - could more than halve Singapore’s growth rate next year from a forecast 2.7 percent to 1.2 percent. Malaysia’s growth rate in 2019 could fall from an estimated 5 percent to 3.7 percent. “We are all acutely aware of the storm clouds of trade war,” Singapore’s Foreign Minister Vivian Balakrishnan said at the opening of an ASEAN foreign ministers meeting on Thursday that precedes meetings with the United States and other nations.
Singapore’s Prime Minister Lee Hsien Loong said earlier this year that a trade war would sterling lapis lazuli star cufflinks have a “big, negative impact” on the country, Ratings agency Moody’s said this week that an escalation of trade tensions in 2018 had become its “baseline expectation”, and that Asia was “especially vulnerable” given the integration of regional supply chains, As well as trade, Friday’s meeting will also cover security issues such as South China Sea disputes and North Korea’s nuclear disarmament, The United States will press Southeast Asian leaders to maintain sanctions on Pyongyang following reports of renewed activity at the North Korean factory that produced the country’s first intercontinental ballistic missiles capable of reaching the United States..