Electricity rates up next year as Putrajaya trims subsidies, says business daily


Dateline 2013-11-08, The Malaysian Insider:

Electricity rates in Malaysia are expected to rise next year as Putrajaya plans to trim fuel subsidies for power producers in the first quarter of 2014, a business daily reported today.

The Malaysian Reserve said estimates show that electricity could rise as much as 19%, from 33.5 sen per kilowatt-hour to 40 sen per kilowatt-hour, if all the subsidies are removed.

The business paper quoted Ministry of Energy, Green Technology and Water secretary-general Datuk Loo Took Gee as saying that the reduction in fuel subsidies for the power sector is essential to stabilise the economy.

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