Electricity tariff expected to raise 10%-20% in 2014

Electricity tariff expected to raise 10%-20% in 2014

Due to the government is planning to abolish the subsidy, FMM estimated a 10%-20% raise of electricity cost in next year.

“Government keeps saying they need to cut subsidies, so we expect the tariff of electricity shall increase.” said Presiden FMM, Tan Sri Yong Poh Kon.

“We don’t know yet the how much will be the hike, we need to wait official anno uncement.”

Yong said the hike shall impact the industry which rely on electric power, so 2 digit of increase is possible.

Yesterday, Menteri Tenaga, Teknologi Hijau dan Air Datuk Seri Dr Maximus Ongkili also claim the electricity rates are expected to rise between 10 percent to 20 percent in 2014.

A viral picture from Facebook:

malaysia Electricity tariff 2014

Electricity tariff is set to be increased by at least 10% next year, what is your method to tackle this issue?