Posted inAT Finance, Australia, Indonesia, Oceania, World

Indonesia’s electricity subsidy reforms do a power of good

Indonesia has been home to some of the world’s largest subsidies for electricity use. Electricity prices have been set at low levels, with the government making transfers to Indonesia’s electricity utility, Perusahaan Listrik Negara, to cover its losses. In 2012, electricity subsidies cost the government US$10 billion. In an ambitious reform program since 2013, Indonesia […]