Doing Business in Malaysia: Lowest Rates for Electricity for Industry and Commerce

Abdul Razak bin Abdul Majid, Chairman of Energy Commission says that Malaysia offers one of the lowest rates for electricity for commercial and industrial purposes.

He says, “I believe we offer one of the lowest rates for electricity for commercial and industrial purposes. We are still enjoying subsidised fuel from the government but as we reduce the amount of subsidies the prices will tend to move up. We look around and we know that we are competitive; we are surely cheaper than our neighbours. We are still blessed with a little bit of indigenous gas which helps to try and bring down the total cost of fuel. Therefore the tariffs will be at reasonable rates.”

Full Interview Available – Energy in Malaysia: Electricity Consumption Growing 3.5% per Annum