Friday, May 05, 2006

New electricity tariff next month?

It now appears inevitable that the government may allow national power firm Tenaga Nasional Bhd to raise electricity tariffs from next month, Energy Minister Datuk Seri Dr Lim Keng Yaik said on May 4.

"It's coming very, very soon," Lim said. "It's unavoidable. The tariff has to be restructured. By next month, it should be OK."

Lim said he would present the paper to the cabinet in two weeks, and if the proposed tariff increase is approved, consumers will have to start paying the new tariffs from next month.

Brace yourself for the after spiralling effect, will you?

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