Electricity tariff up 15% next year, minister announces
2 December, 2013 Leave a comment
Following weeks of speculation, Putrajaya today announced that electricity rates in Malaysia will be up by 14.98% or 4.99 sen to 38.53 sen per kWh, effective January 1 next year.
Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili announced the new rates in a press conference at the Parliament lobby today.
This move was anticipated after Putrajaya announced its plans to trim fuel subsidies for power producers in the first quarter of 2014
Similar to my previous blog, the question here is, will your pay hike and coming bonus be enough to offset your electricity cost and resulting costs increase
One move you could do would be to cut your expenses. Another would be to increase your income and maximize investment returns. If you are interested in the later, please contact me for opportunities available in Financial Planning.