Higher electricity bills likely

October 13, 2013

Visit here for some energy saving tips.

Dateline 2013-08-30, The Star:

Electricity bills are likely to go up as the Government is expected to reduce subsidies for natural gas in its bid to improve Malaysia’s fiscal position.

“The subsidy bill for the power sector has been creeping up … if the Government doesn’t do anything, the subsidy bill would go higher and higher,” MyPower Corpchief executive officer Datuk Abdul Razak Majid said at a media briefing yesterday.

The last electricity tariff hike took effect in June 2011 when the subsidised gas price was raised to RM13.70 per million metric British thermal unit (mmbtu) from RM10.70 per mmbtu previously.

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From Bernama: MITI And EPU Working On Gas Supply Issues

July 22, 2010

I think allowing market forces to determine the price of gas would go a long way to addressing the issue. ‘Course, that would me we would want to sell all our gas to Singapore or Thailand, but what’s a powerless, air conditionless dark night between citizens?

From Bernama, dateline 2010-07-14:

The Ministry of International Trade and Industry (MITI) together with the Economic Planning Unit (EPU) will be putting up a joint paper to address the gas supply issue, its minister Datuk Seri Mustapa Mohamed said Tuesday.

“We are engaging with the EPU on the gas issue. We know that many industries are dependent on gas. We understand the problems, they want some certainty and transparency in terms of supply,” he told reporters after a dialogue session with players from the chemicals and petrochemicals industry here.

Mustapa said MITI was working with EPU to come up with a proposal that would update the Cabinet on two issues, namely the current gas supply situation in Malaysia and to resolve the short-term problems.

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