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Jakarta Post

PLN faces huge loss without electricity price adjustment

  • Viriya P. Singgih

    The Jakarta Post

Jakarta   /   Fri, January 19 2018   /  12:21 am

State electricity firm PLN has said it would lose Rp 35.59 trillion (US$2.67 billion) in revenues if the government refuses to increase prices of non-subsidized electricity throughout 2018, a situation that might further drag down the company’s financial health amid its mounting tasks.The government previously ordered PLN to keep its electricity prices unchanged, at least until the end of the first quarter of 2018.Since January 2017, non-subsidized consumers of low-voltage electricity have enjoyed a rate of Rp 1,467.28 per kilowatt hour (kWh), while mid-voltage electricity consumers pay Rp 1,114.7 per kWh and high-voltage electricity subscribers pay Rp 996.74 per kWh.PLN finance director Sarwono Sudarto said the government’s decision to maintain electricity prices would eventually reduce the company’s investment capacity. “As a result, we will have to find more loans to finance o...