Govt increases electricity tariff for industries by up to 64.7%
Thursday, April 17 2014 - 01:20 AM WIB
The Ministry of Energy and Mineral Resources has issued new Regulation No 9/2014 which will increase electricity tariffs for large industries by a total of 64.7 percent and for publicly-listed companies by 38.9 percent this year.
The tariff increase will be made in four stages starting in May, and then in July, September and November.
The tariff increase will create huge burden for the businesses. ?If the electricity tariff keeps on increasing, we?ll not be able to compete with companies in ASEAN,? Chairman of the Indonesian Employers Association, SofyanWanandi was quoted by Kontan daily as saying, referring to the Association of Southeast Asian Nations.
He said that the current electricity tariff increase will cause many companies to bankrupt. (*)