Friday, February 13, 2009

You call that reduction?

I am absolutely disappointed on the recent electricity tariffs reduction made by Tenaga National.

As reported in TheStar Online, The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has expressed “great disappointment” over the 5% reduction in electricity tariffs announced by the Government on Wednesday.

President Tan Sri William Cheng said the reduction was “too little compared with the hefty increase of 26% on July 1, 2008.” He added “This dismal reduction of 5% will not help alleviate the difficulties faced by manufacturers and industries during this period of economic crisis. “Many of them have reduced production and some have stopped, and we were hoping for some reprive in the form of lower gas and electricity tariffs.” ACCCIM believed that the independent power producers would be able to reduce the cost of electricity since the oil price was about US$40 per barrel, which should bring down the price of natural gas, and coal price was between US$70 and US$80 per tonne.

Contrary to what Tenaga said, the reduction of electricity tariff from March 1 is meant to benefit the industrial sector “The 5% reduction is a big boost to that sector as it will help it save quite an amount with the slowdown in the economy.”

I think that so called reduction don't even contribute at any cents!

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