New electricity tariff rates to be affected by rising global coal prices, says analyst

KUALA LUMPUR: The rise in global coal prices is expected to affect the new electricity rates for the next three years, which will be announced by the government soon, says analysts.

In fact, Universiti Putra Malaysia’s School of Business and Economics Assoc Prof TS Dr Anuar Shah Bali Mahomed did not rule out the possibility of an increase in the electricity tariff rates for industries that had previously made extraordinary profits due to higher demands for the fossil fuel.