Monday, May 30, 2011

Electricity tariff to go up by about 7% from June 1

PUTRAJAYA: The electricity tariff will go up by about 7% from June 1, in a bid to rein in the ballooning subsidy bill.
However, the increase will not affect 75% of domestic users who mainly consume less than 300 kWh per month.
The gas tariff for electricity and industrial sectors will rise by RM3/MMBtu every six months from June 1 to Dec 2015.
After that the price will be based on market rates.
The announcement on Monday was made at a joint press conference by Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop and Minister of Energy, Green Technology and Water Datuk Seri Peter Chin Fah Kui.
They said the 7.12% hike was due to the increase in natural gas price to the power sector.

No comments:

Post a Comment