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Electricity Tariffs Will Be Raised As The Government Looks To Cut Subsidies On Fuel Prices

Electricity tariffs is about to raise again without solid reason!

News from "Malaysia Inside"
Electricity tariffs will be raised as the government looks to cut subsidies on fuel prices, a newspaper reported today, quoting a minister.“Fuel price movements are the main factors for the electricity tariff revision,” Energy Minister Peter Chin was quoted as saying in the Business Times newspaper. Global oil prices recently dropped to below US$60 (RM212) per barrel, after reaching a dizzying height of US$147 (RM520) last year.

He did not say when the increase in tariffs would take place. Much of the electricity generated in Malaysia uses natural gas subsidized by the government. National power company Tenaga Nasional had submitted a proposal for a tariff review to the government at the end of April.

The review in electricity tariffs was due this month but was postponed.

This is the quarterly results for TNB:-

base on 2nd Quarter the net profit is 674.6 million and now still want to raise electricity. Malaysia really "Apa Pun Boleh" just after the election on Kelantan electricity and transport raise price.


Elvis2020 July 17, 2009 at 5:01 PM  

Let's face it, Malaysia oil reserve is fast depleting. Government cant forever sponsor wasteful behavior. Actually, i cant believe how fast malaysians forget, barely a year ago Petronas issue statement that Malaysia will be net importer of oil by 2012. By 2020 we may be out of reserve completely. But then again, malaysians thens to forget...

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