Energy Saving News
Malaysia Switches To Energy Efficiency
Malaysia is soon going to experience a considerable rise in energy prices, and industry and businesses are searching for energy saving solutions in order to counter the possibility of sharpley rising overheads.
Although Malaysia’s energy prices are currently among the lowest in the region (after Vietnam and Indonesia), a price review will follow the 74% increase in international gas prices and 17% increase in coal prices that occurred in November 2009.
Having already suffered record cold snaps this winter, South Korea and China also fear that energy price rises will be higher than anticipated.
Speculation over Malaysian energy price rises has given companies the incentive to invest in energy saving technology, with a 20% increase in orders for energy efficiency solutions in the last quarter of 2009.
The Energy Saving Association (ESA)'s Council Member, Tim Ashmore, confirms that saving energy is in the country's best interest: "By saving energy Malaysia, and all other countries in the world, will save a lot of money as well as have a beneficial impact on the environment by reducing carbon emissions significantly."
The most rapidly reacting businesses, aiming to protect profits by reducing their energy consumption and related bills, were hotels and owners of commercial buildings that already had large electricity bills.
Energy-efficient lighting, air-conditioning and refrigeration represented the majority of the energy saving projects which Malaysian companies adopted.
The increase in energy prices is a reality for Malaysia, but also for many other countries all over the world. Switching to energy saving solutions is the answer for reducing costs and for preserving the environment.
Friday 15th January 2010
