Economy minister: Electricity supply stable, but tariffs could rise due to global fuel swings

“KUALA LUMPUR, April 28 — Malaysia’s electricity supply remains stable, but rising and volatile global fuel prices could push up generation costs and eventually affect tariffs if pressures persist, Economy Minister Akmal Nasrullah Mohd Nasir said today. He said the main risk is not from power shortages, but the impact of fluctuating coal and gas prices on electricity production costs. “When fuel costs such as coal and gas rise, the cost of generating electricity increases accordingly. Ultimately, this pressure may affect electricity tariffs for consumers if it is not managed carefully,” he said in an online briefing on the global supply crisis today. MORE TO COME

Summary generated from the RSS feed of Malay Mail Education. All article rights belong to the original publisher. Click through to read the full piece on www.malaymail.com/news/malaysia.