Expect ANOTHER 40% hike in electricity prices over the next 18 months – NGO


Dateline 2014-05-21, Malaysia Chronicle:

The Association of Water and Energy Research (Awer) predicts a further hike in electricity tariffs, by 24 to 39 percent within 18 months from now.

This will come about when the price of natural gas used to generate electricity is based on the market price by January 2016, Awer president S Piarapakaran said in a statement today.

Piarapakaran (right) said the Energy Commission announced in 2013 that the Incentive-based Regulation (IBR) will be go on a trial run from Jan 1 this year and the fuel cost pass-through mechanism will be implemented

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