TNB Rate Reduction

It sounds a good news for all of us that TNB reduced their tariff for all users. For the first time since petrol price reduction, TNB has now reduced their tariff for all users too. Should we cheer for this or just another sweets into our pocket?

For me I think it's just a matter of trying to convince people they too can reduce prices, not only increase. After such price hike in last July, things are now going slower and economic is at its worst possible level worldwide.

By looking at the crude oil prices, there's no reason for TNB to, as suggested increase their tariff as all prices are on its downwards, whereas PLUS and TNB are asking for increase of prices. So in view of the current situation, TNB is just trying to give some "GOOD" news to public by announcing the reduction of tariff by err...... 2.5%.

Hooray........ 2.5% reduction! But how much exactly is 2.5% reduction? Do you know how to calculate that figures? TNB is thinking we are all stupid and by giving a 2.5% reduction would make us happy and keep our mouth shut??? I think TNB is very very extremely wrong about this I can rest assure!

Do you still remember how much the increase last July 1? It's around 15% increase in electricity tariff, and there's an increase of around 12% a further 1 year plus back! So adding up these 2 figures alone would made it more than 25% increase. So in reduce the tariff by 2.5% still means TNB will still make profit of 90% more than when oil price are at its level now!

Remember before July 1, crude oil price are at around USD70 per barrel, and we could enjoy the "low" rate of electricity. Then due to increase in oil price, subsequently affecting the production costs for TNB, as cliamed by them. Now oil price are in the region of USd40 per barrel. So who's making money and who's suppose to be happy?

I'm sure you guys out there do know your maths, and by reduce 2.5% tariff for us, we should not thank them, but instead a must for all people! In fact should be more. So there's nothing to cheer about from this news.