Fri, 09 May 2008
From: The Jakarta Post
By Ika Krismantari, The Jakarta Post, Jakarta
The government plans to scrap electricity subsidies for middle and upper-income households to ease pressure on the state budget.

Should the House of Representatives clear the proposal, state power firm PT Perusahaan Listrik Negara (PLN) would apply the policy in July. The policy would affect households using 2,200 watts and above.

"We hope PLN will send all the data we need by next month," electricity and energy utilization head J. Purwono said Thursday. "We hope the policy can be applied in July."

A team is conducting a study to measure how effective the program will be at shaving the budget's allocation for electricity subsidies, he said.

With oil prices skyrocketing, subsidies are estimated to soar to Rp 60.29 trillion (US$6.55 billion), or almost triple the previous estimate of Rp 29 trillion.

Around 30 percent of PLN's power plants are currently generated by oil-based fuels.

Efforts to cut subsidies are part of PLN's goal to save Rp 5 trillion in subsidies this year.

Under the proposed policy, customers whose consume electricity beyond the national benchmark will have their electricity usage charged at a nonsubsidized rate.

The national benchmark is set at 80 percent of the average national electricity consumption.

For households with a 2,200-watt capacity, the benchmark is set at 283 watts. These households would have to a pay nonsubsidized rates of Rp 1,092 per kilowatt hour (KwH) if their electricity usage exceeds the benchmark.

Subsidized power rates for the 2,200-watt household group is set at Rp 614 per KwH, according to PLN.

The average selling price for electricity this year has been pegged at Rp 614 per kilowatt hour (KwH). Production costs are expected to average Rp 1,092 per KwH, of which Rp 658.4 would go toward fuel.

The program is one among several PLN policies to keep the company's budget in check. Under another policy, PLN charges a value-added tax for electricity usage above 1,300 watts. PLN also distributes energy-saving lightbulbs for free.

The company has also scrapped subsidies for the 6,600-watt user group, which includes businesses and wealthy consumers.

Household electricity use accounts for almost 90 percent of the country's total electricity consumption.

Electricity analyst Nengah Sudja said policy decisions made by the government and PLN were prudent as the current subsidies are no longer appropriate for middle and upper-income households.

Nengah said PLN should increase its production efficiency to keep its budget in check.

Previously, the government and PLN had submitted a proposal known as "incentive and disincentive", which was later on rejected by the House as creating a heavier burden for low-income households.


Sat, 10 May 2008
From: JakChat
Comment by Dilli
 Quote:
For households with a 2,200-watt capacity, the benchmark is set at 283 watts. These households would have to a pay nonsubsidized rates of Rp 1,092 per kilowatt hour (KwH) if their electricity usage exceeds the benchmark.


Thats me fucked then....


Sat, 10 May 2008
From: JakChat
Comment by KuKuKaChu
 Quote:
The company has also scrapped subsidies for the 6,600-watt user group, which includes businesses and wealthy consumers.

i'm in this category :( (no, not as a wealthy consumer!)

oh well, free ride is over ...


Sat, 10 May 2008
From: JakChat
Comment by Dilli
I'll have to give up at least one off my hobbies...





News Search/Filter
Transaction Rates
24 May 18
Buy
Sell
AED1
3,860.83
3,860.83
AFN1
197.92
197.92
ALL1
130.76
130.76
AMD1
29.40
29.40
ANG1
7,897.24
7,897.24
AOA1
60.76
60.76
ARS1
579.47
579.47
AUD1
10,729.17
10,729.17
AWG1
7,924.67
7,924.67
AZN1
8,329.64
8,329.64
BAM1
8,490.05
8,490.05
BBD1
7,090.61
7,090.61
BDT1
167.56
167.56
BGN1
8,494.32
8,494.32
BHD1
37,561.58
37,561.58
BIF1
7.92
7.92
BMD1
14,181.22
14,181.22
BND1
10,539.00
10,539.00
BOB1
2,051.47
2,051.47
BRL1
3,909.81
3,909.81
BSD1
14,181.22
14,181.22
BTC1
107,836,031
107,836,031
BTN1
208.43
208.43
BWP1
1,421.05
1,421.05
BYN1
7,085.83
7,085.83
BZD1
7,052.60
7,052.60
CAD1
11,046.37
11,046.37
CDF1
8.77
8.77
CHF1
14,262.52
14,262.52
CLF1
622,803.08
622,803.08
CLP1
22.76
22.76
CNH1
2,224.80
2,224.80
CNY1
2,219.77
2,219.77
COP1
5.03
5.03
CRC1
25.08
25.08
CUC1
14,181.22
14,181.22
CUP1
556.12
556.12
CVE1
151.13
151.13
CZK1
644.61
644.61
DJF1
79.69
79.69
DKK1
2,229.06
2,229.06
DOP1
286.75
286.75
DZD1
121.77
121.77
EGP1
791.69
791.69
ERN1
939.32
939.32
ETB1
515.68
515.68
EUR1
16,605.35
16,605.35
FJD1
6,822.51
6,822.51
FKP1
18,958.88
18,958.88
GBP1
18,958.88
18,958.88
GEL1
5,796.68
5,796.68
GGP1
18,958.88
18,958.88
GHS1
3,046.45
3,046.45
GIP1
18,958.88
18,958.88
GMD1
300.67
300.67
GNF1
1.57
1.57
GTQ1
1,901.48
1,901.48
GYD1
68.53
68.53
HKD1
1,806.99
1,806.99
HNL1
594.37
594.37
HRK1
2,245.92
2,245.92
HTG1
220.10
220.10
HUF1
52.13
52.13
IDR1
1.00
1.00
ILS1
3,969.44
3,969.44
IMP1
18,958.88
18,958.88
INR1
207.57
207.57
IQD1
11.93
11.93
IRR1
0.33
0.33
ISK1
134.08
134.08
JEP1
18,958.88
18,958.88
JMD1
112.39
112.39
JOD1
19,987.54
19,987.54
JPY1
129.06
129.06
KES1
140.51
140.51
KGS1
207.47
207.47
KHR1
3.48
3.48
KMF1
33.71
33.71
KPW1
15.75
15.75
KRW1
13.18
13.18
KWD1
46,975.59
46,975.59
KYD1
17,010.35
17,010.35
KZT1
43.45
43.45
LAK1
1.69
1.69
LBP1
9.28
9.28
LKR1
89.83
89.83
LRD1
103.44
103.44
LSL1
1,128.18
1,128.18
LYD1
10,427.37
10,427.37
MAD1
1,496.22
1,496.22
MDL1
844.98
844.98
MGA1
4.35
4.35
MKD1
269.73
269.73
MMK1
10.45
10.45
MNT1
5.90
5.90
MOP1
1,753.35
1,753.35
MRO1
39.83
39.83
MRU1
396.89
396.89
MUR1
411.13
411.13
MVR1
914.91
914.91
MWK1
19.69
19.69
MXN1
722.01
722.01
MYR1
3,564.46
3,564.46
MZN1
234.02
234.02
NAD1
1,119.71
1,119.71
NGN1
39.33
39.33
NIO1
451.91
451.91
NOK1
1,754.85
1,754.85
NPR1
130.28
130.28
NZD1
9,820.49
9,820.49
OMR1
36,848.71
36,848.71
PAB1
14,181.22
14,181.22
PEN1
4,332.24
4,332.24
PGK1
4,342.27
4,342.27
PHP1
270.04
270.04
PKR1
122.67
122.67
PLN1
3,859.93
3,859.93
PYG1
2.51
2.51
QAR1
3,894.35
3,894.35
RON1
3,589.26
3,589.26
RSD1
140.60
140.60
RUB1
231.26
231.26
RWF1
16.48
16.48
SAR1
3,781.60
3,781.60
SBD1
1,807.82
1,807.82
SCR1
1,027.71
1,027.71
SDG1
787.84
787.84
SEK1
1,620.92
1,620.92
SGD1
10,561.51
10,561.51
SHP1
18,958.88
18,958.88
SLL1
1.81
1.81
SOS1
24.79
24.79
SRD1
1,898.93
1,898.93
SSP1
108.86
108.86
STD1
0.68
0.68
STN1
679.17
679.17
SVC1
1,620.07
1,620.07
SYP1
27.53
27.53
SZL1
1,126.38
1,126.38
THB1
442.08
442.08
TJS1
1,577.72
1,577.72
TMT1
4,051.79
4,051.79
TND1
5,584.72
5,584.72
TOP1
6,179.78
6,179.78
TRY1
3,098.80
3,098.80
TTD1
2,103.21
2,103.21
TWD1
473.82
473.82
TZS1
6.21
6.21
UAH1
543.47
543.47
UGX1
3.79
3.79
USD1
14,181.22
14,181.22
UYU1
453.40
453.40
UZS1
1.76
1.76
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
132.56
132.56
WST1
5,512.86
5,512.86
XAF1
25.31
25.31
XAG1
233,635.15
233,635.15
XAU1
18,366,133.36
18,366,133.36
XCD1
5,247.35
5,247.35
XDR1
20,109.16
20,109.16
XOF1
25.31
25.31
XPD1
13,975,369.03
13,975,369.03
XPF1
139.15
139.15
XPT1
12,833,688.88
12,833,688.88
YER1
56.63
56.63
ZAR1
1,138.26
1,138.26
ZMW1
1,381.61
1,381.61
ZWL1
43.99
43.99
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services