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The Sarawak Electricity Supply Corporation (Sesco) has clarified that it does not anticipate making any significant changes to its electricity tariffs over the next five to 10 years.
State-owned utility body Sarawak Electricity Supply Corp (SESCo) will be turned into a commercial entity to retain its competitive edge over new entrants into the state power industry.
The Government wants to renegotiate some of the privatisation projects to ensure that it does not continue to be shortchanged and the people unduly burdened.
b>EXCLUSIVE: /b>Local councils with electricity-producing plants in their areas are set to lose millions of ringgit in assessment payment following a landmark judgment by the Federal Court yesterday.
Consumers, investors and power producers will all have a say in matters pertaining to the nation#8217;s energy when the Energy Commission, which independently monitors the electricity industry, sets up its consultative committee.
The Energy Commission has been instructed to constantly check on power producers to prevent future blackouts similar to the one on Jan 13 which affected the southern and central regions of the peninsula.
The increase in Tenaga Nasional Bhd's (TNB) tariffs is not only inevitable but also overdue, said the Energy, Water and Communications Minister.
About 40% of consumers will not be affected by Tenaga Nasional Bhd's proposal to increase the electricity tariff.
Any increase in electricity tariffs will be based on an ongoing study of the entire power industry, with consumers' interests at heart.