Enigin News

Enigin News

Malaysia Faces Huge Energy Price Rises

Substantial energy cost increases are expected to rock Malaysia, leading commerce and industry in the country to take steps to save energy to offset the expected price hikes.

The worry over energy prices in Malaysia has led to many businesses investing in energy saving technology, with a 20% increase in orders for energy efficiency solutions during the last quarter of 2009, with Enigin ideally placed to help supply the right solutions for each individual situation.

In the region only Vietnam and Indonesia have cheaper energy, but Malaysia are due a tariff review as international prices of gas and coal look certain to rise. Since November 2009 prices in Malaysia have increased by 74% for natural gas with coal prices going up by 17%.

With other nations in Asia currently enduring record cold spells fears are that energy price rises will be even higher than previously anticipated.

AmResearch analyst Alex Goh stated:

“Although there has been no Cabinet decision for now, Tenaga Nasional Bhd’s (Malaysia's main energy provider) electricity tariffs will nevertheless be reviewed again in January-February given the Government’s bi-annual energy review policy.”

 Enigin specialise in energy saving solutions particularly for commerce and industry, find out how they can help you save money and protect profits when facing ever increasing fuel prices (Click Here), whether you are in Malaysia or elsewhere on the world. Contact one of our local independent Enigin Distributors.

Tuesday 12th January 2010