Proposed, fund to manage fuel cost

01/06/2009 00:00 AST

The Energy Commission has proposed the setting up of a stabilisation fund to support the fuel pass-through mechanism and manage fuel cost volatility more effectively, says chairman Datuk Pian Sukro.

"An automatic pass-through mechanism is not viable as consumers would be caught when prices are high. The fund helps insulate consumers from the volatility of fuel costs and acts as a buffer when there's high fluctuations," he told StarBiz in an interview.

The commission regulates the energy sector with a mission to balance the needs of consumers and providers of energy to ensure safe and reliable supply at reasonable prices, protect public interest, foster economic environment and competitive markets in an environmentally sound manner.

Pian said while the stabilisation fund would keep consumers' affordability intact, it would also sustain the business of energy players instead of letting them bear all the market risks.

For more on this:

http://biz.thestar.com.my/news/story.asp?file=/2009/6/1/business/4012706&sec=business

 


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