We’ll be forced to raise prices due to steep hike in power rates, warn SMEs

[superadmin]

PETALING JAYA: A business group has slammed the government for raising electricity rates for commercial and industrial users, saying that businessmen may be forced to pass on some of the increase in operational costs to consumers just like Tenaga Nasional Bhd (TNB) is doing.

It said as it is, small and medium enterprises (SMEs) were already struggling after being hit by the Covid-19 pandemic, and the 11-18.4% hike in electricity rates from next month will surely hamper their recovery.

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