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Monday, May 30, 2011

Power rates hike in June

Power rates up 7% from June 1


May 30, 2011 As part of its subsidy reduction exercise, the government has raised the rates for electricity and natural gas.



PUTRAJAYA: The government today has raised electricity tariff by 7.12% starting June 1 as part of its ongoing subsidy rationalisation exercise.

The average increase is 2.23 sen per kilowatt hour (kWh) or 7.12% to 33.54 sen kWh, from the current 31.31 sen kWh.

However, the move will not affect about 75% of the population who mainly consume less than 300 kWh per month.

This means consumers who utilise up to 300 kWh of electricity and are currently billed about RM77 monthly, will not incur additional cost.

The gas tariff for electricity and industrial sectors will rise by RM3/MMBtu every six months from June 1 to December 2015, after whiuch the price will be based on market rates.

The announcement was made at a joint press conference by Minister in the Prime Minister’s Department Nor Mohamed Yakcop and Energy, Green Technology and Water Minister Peter Chin Fah Kui.

They said the 7.12 per cent hike was due to the increase in natural gas price to the power sector, from RM10.70 million British Thermal Unit (mmBTU) to RM13.70 mmBTU.

For the 900,000 low-income domestic users, they will enjoy free electricity until Dec 31, 2011, if their monthly consumption is below RM20 per month.

The government will also ensure that Tenaga Nasional Bhd (TNB) provides a discount of 10% to partiallly-funded education institutions.

Market mechanisms

Chin also said Tenaga Nasional’s average tariff had to be reviewed upwards by 2% or 0.63 sen kWh.

“The review will enable the utility company to increase its investment in better electricity infrastruture including supply and distribution,” he said, adding that it would invest about RM4.5 billion, annually.

Chin also said that in line with the government’s effort to rationalise energy prices in accordance with global market mechanisms, the government has agreed to use the fuel-cost-pass formula to determine future tariff prices.

To encourage the use of electricity generated from renewable energy (RE), the government has also decided to impose an additional one per cent feed-in-tariff portion which will be chanelled to the RE Fund to promote the purchase.

However, Chin said the additional collection would not affect consumers whose consumption is less than 300 kWj per month.

“The government is aware this tariff adjustment will have a direct and indirect impact on all quarters.

“Against the backdrop of a challenging global economic environment like rising energy and food costs, the government needs to take responsible steps to protect the interest of the people and country in the long term,” he added.

- Bernama
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17 comments:

  1. AnonymousMay 31, 2011 at 9:01 PM

    Tak hairan kalau kerajaan kasi naik.Biasa lah.Kan Kerajaan BN.Yang kaya itu kalau kerajaan kasi naik 10 kali satu bulan pun ok saja tapi yang miskin itu faham-faham lah.

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  2. benJune 1, 2011 at 9:53 AM

    The people will think thoroughly before voting this time.

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  3. kayJune 1, 2011 at 3:15 PM

    kerajaan perlu mencari jalan bagi mengelakkan rakyat terbeban dengan kos hidup yang semakin meningkat.

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  4. PotpieJune 1, 2011 at 4:22 PM

    Seriously?!

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  5. PotpieJune 1, 2011 at 4:23 PM

    The increase of power rate in June might give the people a hard time. I hope the government has come up of a way to lighten the people's burden.

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  6. PotpieJune 1, 2011 at 4:25 PM

    Couldn't agree more with you Ben. Vote wisely people when election time comes.

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  7. PotpieJune 1, 2011 at 4:26 PM

    I hope the government will not let down the people.

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  8. cherishJune 1, 2011 at 5:06 PM

    yang miskin akan menjadi bertambah miskin. rasanya golongan miskinlah yang benar-benar akan terasa dengan beban yang diakibatkan oleh kenaikan ini.

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  9. mattJune 1, 2011 at 10:11 PM

    balik2 harga minyak naik, tarif elektrik naik tapi gaji tidak naik2..apa ni?

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  10. zoroJune 1, 2011 at 10:13 PM

    gaji minimum bila mahu dikuatkuasakan? sekarang semua barang naik harga, rakyat bertambah susah..sepatutnya pendapatan rakyat dinaikkan..nampaknya misi najib untuk mencapai negara berstatus berpendapatan tinggi hanya satu mimpi jika keadaan ini berterusan..

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  11. mattJune 1, 2011 at 10:14 PM

    mana janji melaksanakan gaji minimum? kalau yang memanfaatkan rakyat lambat pula dilaksanakan tapi kalau yang membebankan rakyat, 24 jam boleh dilaksanakan..

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  12. hawkJune 1, 2011 at 10:16 PM

    tidak lama lagi PRU..tidak kisah lah awal atau tidak tapi yang pasti, rakyat akan berfikir berkali-kali mana yang lebih layak menjadi kerajaan dan keadaan sekarang tidak menguntungkan kerajaan kini..janji politik sudah lapuk..

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  13. lawJune 2, 2011 at 8:18 AM

    makin byk pla yang naik ni.

    ReplyDelete
  14. BasungJune 2, 2011 at 9:45 AM

    Mustahil kerajaan tidak mampu mengawal harga elektrik.

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  15. blackJune 3, 2011 at 1:04 PM

    teruskan usaha mendesak kerajaan menghapuskan subsidi IPP dan TNB..

    ReplyDelete
  16. AnonymousJune 3, 2011 at 11:27 PM

    bila harga minyak/gas naik, semuanya naik...! tapi kalau harga minyak turun kos hidup tetap dan terus naik..... apa ni......???? kerajaan hanya menjaga poket para jutawan......

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  17. UnknownJune 6, 2011 at 9:08 AM

    Bertindak dengan bijak dan bukan untuk kepentingan diri sendiri. Rakyat sendiri menilai bagaimana kebolehan kerajaan memimpin.

    ReplyDelete

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