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TOP NEWS | Wednesday, 25 March 2009

Enemalta wants no discount for the private sector

David Darmanin

Infrastructure Minister Austin Gatt yesterday announced that a revised financial forecast for Enemalta has brought to light that, over the next six month period, the total expenditure of Malta’s sole electricity provider will be almost 17 per cent less than expected. Last October, the same Minister announced a controversial price hike in electricity rates based on estimated accounts and the hefty prices with which Enemalta was purchasing its fuel. >>


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Infrastructure Minister Austin Gatt has yesterday announced his intentions not to allow any lower electricity rates for bars and restaurants, and this in spite of Enemalta’s fuelcost plummeting substantially over the past months. If he were to allow cheaper commercial rates, this would in his view constitute a subsidy. >>


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25 March 2009
ISSUE NO. 575

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