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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Expect ANOTHER 40% hike in electricity prices over the next 18 months – NGO
July 13, 2014
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More electricity rate ‘shocks’ on horizon, ANZ warns
March 11, 2014Where’s the portable nuclear reactor we were promised? Heck, have they selected the location of Malaysia’s first nuclear plant yet? I guess Bukit Merah, or next to Lynas.
Dateline 2014-02-03, The Malay Mail:
Malaysians consumers and firms still adjusting to the recent electricity tariff increase have been warned to expect more to come, with analysts at one of Australia’s biggest banks predicting ASEAN countries will hike power rates this year.
Pointing to steadily increasing prices for liquefied petroleum gas, the primary fuel source for power generation in Malaysia and many other ASEAN states, analysts at ANZ forecast that governments in the region will be under pressure to hike electricity rates further.…
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REALLY? ‘Tariff hike VITAL to cover TNB’s escalating costs’
January 19, 2014History, but what the hey…
Don’t just be energy efficient, embrace an energy efficiency culture.
Dateline 2013-12-06, Malaysia Chronicle:
AN imminent power tariff hike may give Tenaga Nasional Bhd a profit boost but it is still spending more than what it earns, industry sources say.
TNB is spending at least RM6 billion on new infrastructure, maintenance and capital expenditure (capex) annually to ensure power supply sustainability.
The investment is higher than the RM4.6 billion profit the national utility posted for the year ended August 31 2013, they noted.
The tariff revision, which is effective from January 1, is crucial to help TNB meet rising costs of supply, reinvest in ageing equipment and make improvements in providing reliable and quality electricity supply.
Of the RM6 billion, TNB invests between RM3.5 billion and RM4 billion annually for new supply and system improvements to its distribution networks and multi-connection channels, sources said.
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An expensive Malaysian habit
January 16, 2014Dateline 2013-11-24, The Star (someone send me money to pay for my subscription, or lack of):
We do not practise simple cost-saving measures to cut down on electricity consumption.
But with a tariff hike expected, it looks like we will all have to learn to be more prudent.
BITS and pieces of news of an impending hike in electricity tariffs have been appearing in the newspapers, but mostly in the business section which ordinary consumers are likely to miss.
In terms of usage, manufacturers and industry players are the ones who will be hit the hardest. But the reality is that ordinary Malaysians can expect their electricity bill to be higher next year. And that does not even take into account the higher costs for just about everything else due to the pass-down effect.
No one is sure of the quantum. It is still at the stage where officials and civil servants are putting up their recommendations for the Cabinet to make its decision.
When the quantum of the hike becomes more definite, we can be sure there will be many reactions to the decision.
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2 Comments | investment, Malaysia | Tagged: electricity | Permalink
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Oil tanker hijacked off Malaysia
January 3, 2014Dateline 2013-11-08, Bangkok Post:
An oil tanker has become the second such vessel to be hijacked in Malaysian waters in four weeks, the International Maritime Bureau said on Friday, pointing to rising piracy in the region.
The Panamanian-flagged vessel was boarded on Thursday by 10 armed pirates, who emptied it of the oil it was carrying into another ship before disembarking.
In early October a Thai-flagged oil tanker went missing for two days after a hijacking before being released without its cargo.
The IMB said there had been an increase in the number of attacks on Malaysia’s coast recently but added it could not be sure if the two most recent attacks were by the same group.
“This is the third attack in two months, with the last two using the same modus operandi to steal the gas oil,” said Noel Choong, head of IMB’s Kuala Lumpur-based piracy reporting centre.
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Electricity rates up next year as Putrajaya trims subsidies, says business daily
January 2, 2014Dateline 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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From the Star – Cheaper Electricity from March
February 11, 2009Consumers, rejoice. Environment, increase your worries. Dateline 2009-02-08:
TAMPIN: Electricity tariffs for households and industries will be reduced from March 1. It is learnt that the reduction could be between 5% and 10%.
“We are working with the Economic Planning Unit on this and I will brief the Cabinet on Wednesday,” Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said yesterday.
However, he refused to divulge the quantum of reduction.
Shaziman said that apart from lowering power rates, the Government would also give rebates to industries which consumed a lot of electricity.
Citing an example, he said the steel and semi-conductor industries could benefit as power made up the bulk of their operational costs.
The Star Electric Tariff
I’m all for reducing the burden on consumers (read: me) during these trying times. However, isn’t there a way to do it whilst still promoting good energy management? How about using Japan’s model? They give tax break for use of energy efficient processes.
Maybe give us a rebate if we buy more energy efficient equipment and consumer electrics. If we don’t claim the rebate, the money goes to TNB.
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
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Wata - Malaysian Oil and Gas Engineer 