UAE looking to scrap subsidies on electricity, gas sold to power companies | GulfNews.com:
"The UAE is looking at removing subsidies on both electricity and on gas sold to companies generating power, said Energy Minister Suhail Al Mazroui, speaking at the World Economic Forum in Davos.
“Consumers need to pay the real price. They already do so for petrol and diesel, and electricity is still to come, and we will look at the subsidised sale of gas to power providers,” he said at the Al Arabiya debate on economic reform in the Arab world.
He said that the impact on removing subsidies on domestic electricity would not be that great to the consumer as it only really applies at the higher levels of use at present."
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