The GRTU Executive Council met today to agree on its flagship proposals for Budget 2016. 

GRTU believes that this year's Budget should give utmost priority to the issue of enterprise competitiveness and GRTU believes that the cost of electricity impinges heavily on our enterprises' competitiveness. 

For a long number of years Maltese businesses not only suffered high electricity prices because of the international price of oil but also because they were asked to repeatedly sustain inefficiencies of the electricity supplier. 

Now that the international price of oil has drastically gone down, there are substantial savings from the efficient BWSC operation and energy is available at significantly cheaper rates through the interconnector, we expect a significant reduction in the price our SMEs pay for electricity.

As such GRTU expects that as part of Budget 2016 the Government should reduce electricity prices for SMEs by 30%.