Malaysia Raises Power Prices for First Time Since June 2011
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Malaysia will allow national power distributor Tenaga Nasional Bhd. to raise electricity charges for the first time in more than two years, adding to business and living costs as the government cuts state subsidies.
Tenaga will increase prices by an average of around 15 percent in Peninsular Malaysia to 38.53 sen per kilowatt hour from Jan. 1 when the government will reduce the gas subsidy provided to power producers, Maximus Johnity Ongkili, minister of energy, green technology and water, told reporters in Kuala Lumpur today. Tariffs will rise by an average 16.9 percent to 34.52 sen/kwh in the country’s eastern state of Sabah, he said.