The Chamber for Small Enterprise (GRTU) on Monday slammed the new utility tariffs as announced in the legal notice issued last week, describing them as the ‘worst possible Christmas present’ to small and medium-size enterprises (SMEs).
The GRTU said that the new utility tariffs were actually higher than the tariffs proposed on October 28.
In its statement, the GRTU made an appeal to the government to not burden the SMEs, or otherwise it could be the cause of job losses.
The tariffs were being introduced to make up for Enemalta’s financial ills, the GRTU said; adding, that Enemalta had still to publish any recent audited accounts, or disclosed its financial situation despite its legal obligations to do so.
Furthermore, the GRTU said that it was not only unjust that 41, 324 small businesses will be subsiding, through capping, 500 large enterprises but it was also in violation of the EU’s Electricity Directive which did not allow cross subsidisation.
The GRTU said that it was not against assistance to large enterprises, but this should not be done at the expense of the small ones.
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