It’s time to really cut down on electricity usage by 12% to really OFFSET costs! Cost of living in Malaysia has really reach an all-time high.

Also, one of the most viable strategy to get a salary increment of up to 12% is “job-hopping”.

Power rates up 12 %

Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik has announced a 12% average rise in power rates from June 1.The first increase in electricity tariff since 1997 is to offset escalating fuel costs.

UPDATES:
According to prominent blogger Jeff Ooi, the price hike is more than meets the eye. The numbers behind the hike tells more of the story than just the headlines alone.

Also, updates from BTimes reports that the tariff hike apparently will not be sufficient to bring the giant electrical company back into the black.

How can a utility company be making loss when you virtually have no other competitors? That’s why monopoly is not always a good thing. It gives too much room for the management to slack off and performing with half-assed competency.

And finally, the buck is passed onto the public masses. You and me are indirectly accountable to the losses made by these mega-corporations. Isn’t paying taxes enough?

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