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Logo of Phnom Penh Post newspaper Phnom Penh Post - Shocking raise

Shocking raise

| Publication date 04 November 2005 | 07:00 ICT

Shocking raise

The government has agreed to a proposal from national utility supplier Electricité

du Cambodge (EdC) to increase electricity prices starting from November 5.

The proposal put forward by the EdC will raise rates by 11 percent from 800 riel

to 890 riel per kWh for embassies, foreign businesses and institutions, and homes

occupied by foreigners.

The increase comes amid rising fuel prices that have jumped 21 percent over recent

months. The spike in fuel prices has outstripped the exchange rate and induced inflationary

pressures, EdC said.

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