Govt unveils new gas, electricity rates

KUALA LUMPUR: The gas price for the electric and non-electric sector has been increased by RM3 per mmbtu every six months from June 1 until 2015, to follow market price come 2016, said Minister in the Prime Minister's Department in charge of the Economic Planning Unit, Tan Sri Nor Mohamed Yakcop.

With the adjustment, the price will increase from RM10.70 mmbtu to RM13.70.

Nor Mohamed said the government would review the tariff every six months.

Meanwhile, the electric tariff has been raised by 2.23 sen per kilo watt or 7.12% of the current tariff, said Minister of Energy, Green TECHNOLOGY [] and Water Datuk Seri Peter Chin Fah Kui.

However, for domestic users below 300 kilo watt and below, they would not see increase in monthly bill, and the current tariff charges remained, he told reporters on Monday, May 30.

Chin also said an additional collection of 1% from users of 301 kilo watt and above would be channeled to the renewable energy fund.

The fund was to sustain the feed in tariff, he said.

inflation ... ron95 shd b up soon