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Indonesia Plans 10% Increase in Electricity Price

(Corrects price increase timeframe to say quarterly in story published March 7.)

March 7 (Bloomberg) -- Indonesia’s government plans to increase electricity prices by a total of 10 percent starting in May, Finance Minister Agus Martowardojo told reporters in Jakarta today. The increase will be about 3 percent each quarter, he said.

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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