There will be no electricity tariff hikes until at least June 2015, the government announced.
This is after both the government and Petronas absorbed a cost of RM 1.6 billion to ensure it will not be passed on to consumers.
Energy, Green Technology and Water Minister Maximus Ongkili said that the government will absorb around RM 840 million, amounting to the savings it had made after re-negotiating deals with first generation Independent Power Providers (IPPs).
Read more here: http://www.malaysiakini.com/news/279619
