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Five sen up or 16.9 pct increase in electricity tariff for Sabah and Labuan FT from Jan 1

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KOTA KINABALU: Effective Jan 1, 2014, electricity tariff in Sabah and Labuan FT will be increased by five sen/kWh from 29.52 sen/kWh to 34.52sen/kWh. “This is a 16.9 per cent increase from the current rate,” Energy, Green Technology and Water Minister Datuk Dr Maximus Ongkili said yesterday. Maximus said after taking into consideration the need to rationalise energy subsidies and to improve the weaknesses in the current tariff structure, the government decided to review the electricity tariff in Sabah and Labuan FT. He added that the restructuring of the electricity tariff was aimed at reflecting the true cost of electricity supply to consumers and at the same time to also enable SESB to increase investments that would improve the infrastructure in order to provide better and more reliable electricity supply in Sabah and Labuan. Maximus in a live conferencing with SESB staff and the media here yesterday said: “The government has approved the restructuring of electricity tariff for Sabah and Labuan effective Jan 1, 2014. The restructuring of the tariff is required to close the increasing gap between generation costs and current tariff rates so that Sabah Electricity Sdn Bhd (SESB) is able to continue a reliable supply of electricity in Sabah and Labuan. Read more: http://www.theborneopost.com/2013/12/03/five-sen-up-or-16-9-pct-increase-in-electricity-tariff-for-sabah-and-labuan-ft-from-jan-1/#ixzz2mMl9JStt
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