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Economics

[1363] Of a sensible policy on electricity

KUALA LUMPUR, Sept 11 (Bernama) — Independent power producers (IPPs) could end up supplying power to an electricity exchange instead of directly to Tenaga Nasional Bhd (TNB) once the current power purchase agreements (PPAs) expire, said Minister of Energy, Water and Communications Datuk Seri Dr Lim Keng Yaik.

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Dr Lim said under the proposed exchange, TNB would buy electricity from the most cost-effective power producers. [Govt Mulls Electricity Exchange For TNB. Bernama. September 11 2007.

I am excited because this suggestion provides a basis for a better policy compared to what Malaysia is having at the moment.