PSM disputes Kelantan's claim Nenggiri dam will lead to cheaper electricity

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Parti Sosialis Malaysia has disputed Kelantan Deputy Menteri Besar Mohd Amar Abdullah's claim that the Nenggiri Dam will lead to cheaper electricity for the people.On the contrary, PSM environment and climate crisis bureau coordinator Sharan Raj (photo, above) said it might lead to higher electricity prices."According to the Energy Commission's report, the total over-capacity of power plants (known as the electricity reserve margin rate) will reach 43 percent in 2027 when Nenggiri Dam starts operations."High electricity reserve margin rate will only increase the overall electricity tariff as the power plants' shareholders receive a fixed payment for the unused power plant," he said in a statement. Sharan said the recommended optimum electricity reserve margin rate for Peninsular Malaysia is 15 percent, while the federal government set the electricity …