This is why we need to go for an open market for electricity too

Dude

Of course I know, and no, open market does not necessarily mean more expensive. As you’d probably know, in the future, subsidies will be a thing of the past. This new hike is just another planned mechanism to reduce subsidy burden on the gomen. They cannot rely solely on ICPT only. Fuel prices like coal and gas will go up as the reserves are getting less. No way your TNB rate goes down anymore.

Now, opening up the market will ensure electricity costs becoming more competitive. Imagine having the option to choose your electric supplier, where they’ll compete to give you the best pricing based on your usage/demand. How? Well, the national energy transformation roadmap (NETR) highlights the importance and challenges of open access to electricity. The costs of electricity is basically based on prices of the fuel sources. If we have third parties that can supply cheaper conventional energy supply or green energy sources from their own power plants or from neighboring countries (i.e., solar/hydro/wind), in which case, the fuel costs are basically zero, it’ll drive the costs of electricity down.

Of course, what’s stopping TNB from doing that? You should know TNB is just another player in the industry. And the Energy Commission is the one giving out the license. And based on the NETR, the EC is liberalizing the energy markets due to the rising costs of energy. The industry experts know this, and the gomen knows about this. They will eventually liberate the market.

And of course, it’s not easy, but it’s not impossible also. Can be done, but will require a lot of political will power and money. Also, EECA 2024 has been enacted and it is slowly being enforced. The carbon tax on certain industries will be implemented by 2026. These will be the catalyst towards an open access to electricity market.

Relax, read and comprehend my views first. Open market electricity fundamentals must be coupled with so many factors, EE, EC and RE. I never said it won’t have many challenges, and if you’d take the time to understand how the day-ahead electricity market works, the end users are the ones who firstly must “regulate” their usage first. Adoption to open market will never be a straightforward endeavor, but in 30 - 50 years, open electricity market is the way to go to ensure sustainability. Calm down and read more, and prepare your anuses to pay up.

So monopolistic electricity market also favours the end users until the end of time la ya?

I don’t see anyone praising the gomen after the 14% hike, do you?

Topkek

And also, what I mean by the consumers need to regulate themselves, is that the consumers need to use energy efficiently, and not excessively. Open market with green supply works best when people are more conservative in their energy usage. If you are a wasteful person, then prepare to pay more la.

This post has been edited by maxpudding: Dec 27 2024, 03:18 PM

Either you failed at comprehending my meaning or you only see the short term challenges without recognizing the long term benefits.

Open market, as the name implies will always open to many challenges la, and energy markets are specially volatile, especially with RE power plants. But all these challenges and feedbacks are what make an open market much better than the conventional subsidized market, it is always open to improvement. And Australia also is getting ready to change and adapt to those challenges. Don’t only read about the negatives la kawan. You on blood thinners ke? Triggered tak tentu pasal.

Also, like what I implied in my previous posts, an open market doesn’t necessarily mean a higher cost for electricity, IF the open market is properly designed to work. Not easy, and it’ll take years to do. But to get it work, the consumers will also have to change their attitude towards energy usage too. That’s why in Malaysia we have the EECA as a starting point. The EC is monitoring your company’s electricity ok? If you use a lot, a letter will come to your boss and ask you to reduce it mmkay? Tak mau comply, saman lerr.

Before I end my conversation with you, because you seemed too dense to understand….so no point for me to layan u anymore…If we have the largest solar farms in the world, but if you use energy excessively, tak guna juga la. No need to complaint if you used a lot. Bayar je 14% hike tu. After that, maybe 20%, 30%…who knows?