(MENAFN- Qatar News Agency) Malaysia will allow national power distributor Tenaga Nasional Bhd.
(TNB) 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
"The government's subsidy to the power sector is close to 14 billion ringgit ($4.4 billion) so far this year," Ongkili said. "Savings can be used for infrastructure development."
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