New energy minister plans to lower energy prices

This reduction in energy prices would help lower the cost of living for the public. Energy is also a major cost of production for most consumer goods so a more reasonable and fair energy price would equally benefit consumers.

This policy is one of the government’s main policies and will be presented to the House of Representatives later this week.

Several factors need to be considered in implementing this policy, among them the prices of oil and electricity, which involve various components, such as taxes, market prices, financial burdens, loans, and more. Some components cannot be controlled, such as the cost of natural gas for electricity production, or the cost of crude oil. However, what can be managed is the structure and components making up energy prices. By identifying which parts can be reduced, the overall energy prices can be lowered accordingly.

Additionally, there is…