Cabinet agrees to electricity price increase

Now we need to get ready for the worst in household defisit. Rising of RON95 and cooking gas for sure will move to domino effect. How much will other good price hike? 5%? 10%? or as high as they want? What will the vehicle maintainance be in near future? Lets wait and see, next will water tariff and electricity? How about preparation for our children school? Lets make our own record then think again. Our ruling government now is really care about us, about our difficulties. You can watch daily in TV, how care was our government. Should we change new government? Think and think again!

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Thestar: Thursday December 9, 2010

By DANNY YAP
danny@thestar.com.my


KUALA LUMPUR: The federal Cabinet has agreed in principle to a revision of electricity tariff but has not decided when it should take place.
Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said an electricty tariff revision was on the cards but the Government had not decided when.
He said there were many issues that the Government needed to address before a time could be set for the revision.
Under the Government Transformation Plan, we have to roll back the subsidies, which involves so many other things, such as fuel cost and the Government has to make a decision as to when Tenaga Nasional Bhd (TNB) is allowed to make the revision and this has not be confirmed, he said after the launch of TNB Service Charter yesterday.
The TNB Service Charter has the mission to improve TNB's services to its customers.
On the water sector issue, Chin said the federal government has given the state government the nod to discuss the possibility of acquiring the four water players in Selangor.
The four water players are Puncak Niaga (M) Sdn Bhd (PNSB), Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) both of which are controlled by Puncak Niaga Holdings Bhd Syarikat Pengeluar Air Sungai Selangor Bhd (Splash) and Konsortium Abass Sdn Bhd.
Chin said a formal letter was sent to Selangor Mentri Besar Tan Sri Khalid Ibrahim two weeks ago to go ahead to discuss on the possibility of buying the water assets of the four water companies.
However, any deal made must be on a willing buyer-willing seller basis, he said, adding that it was necessary to bear in mind that there was a legitimate and existing concession agreement between the parties concerned. Chin reiterated the point that acquiring the water assets should be on a willing-buyer willing seller basis and that there was no issue of force so long as it was competitively priced.
If the state government spends too much to buy over the water assets from these companies, this is going to affect the water tariff and we should be careful about this as it may lead to higher water tariffs to consumers.

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