The government has not considered a tariff hike in electricity for Budget 2005 due to be unveiled on Sept 10, said Energy, Water and Communications Minister Lim Keng Yaik.
“There is no pressure to increase electricity tariff. Crude oil can go up to US$45 (RM171) per barrel, but what has that got to do with our electricity,” he told The Edge.
He added that power company Tenaga Nasional Bhd is buying gas from state oil company Petronas at a fixed rate of RM6.40 per million British thermal units under a term agreement. (US$1=RM3.8).
“Don’t put unnecessary pressure on customers; I have never thought about it (the electricity tariff hike),” Mr Lim told reporters recently.