Will Malaysia also be like Spain??? No more subsidized electricity tariff for RAKYAT... but only for those who being selected corporate will still enjoy gas subsidies...
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Spain: Rajoy plans to raise cash from renewables
http://www.pv-magazine.com/news/details/beitrag/spain--rajoy-plans-to-raise-cash-from-renewables_100007736/#axzz20qCqHChj
12. July 2012 | Markets & Trends, Industry & Suppliers, Top News | By: Shamsiah Ali-Oettinger
Spanish Prime Minister, Mariano Rajoy has told
his parliament that tax hikes for the renewable energy sectors would be
part of the solution for the €65 billion deficit in the country. He
made this statement at the address yesterday, where he called on
Spaniards to back the measures that would aid Madrid in cutting its
budget deficit through to 2015.
Thr
renewables sector could be slapped with a high tax to make up for the
country's deficit, adding more burden after the subsidy cuts.
Flickr/cesarastudillo
The levy would be imposed to make up the difference between costs and revenue in the electricity sector. About €24 billion in debt has been chalked up by the sector. Spain had always charged consumers less than the cost of energy production, which had led to the deficit. Consumers are apparently requested now to also bear the burden of the taxes.
More information is expected to come to light following the next cabinet meeting this week. Critics have been meanwhile pointing out the potential impact of such measures on the renewable energy sector in the country.
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