Article Related To electricity tariff

Nik Nazmi Nik Ahmad said the decision on the new tariff was based on the benchmark for setting the retail price of green electricity supply.

PM Datuk Seri Anwar Ibrahim said the gov't has also not increased electricity tariffs for SMEs as well as the food industry.

Nik Nazmi Nik Ahmad said the government must take into account various factors including the trend of coal and gas prices.

The government has no plan to raise electricity tariff for domestic consumers to avoid burdening the people, said Prime Minister Datuk Seri Anwar Ibrahim.

The government will maintain the electricity tariff for all consumers in the second half of 2022 at the same rate as the first half of 2022.

The cost of electricity tariff adjustment through the ICPT mechanism from the period of July to December 2022 is estimated to reach almost RM20 billion.

The government will be spending RM6.51 billion in electricity tariff subsidies this year to ensure that there is no increase in electricity tariffs to help the people deal with inflation.

Domestic and non-domestic electricity consumers in Peninsular Malaysia won't be hit by higher bills as there will be no change to the imbalance cost pass-through (ICPT) from July 1, 2022-Dec 31, 2022.

The government made a strategic call to keep the status quo on electricity and water charges to support businesses, the economy and the people at large, according to economists.

The government has decided to maintain the current electricity tariff rate for domestic users in Peninsular Malaysia for the Regulatory Period 3 (RP3) from Feb 1 to Dec 31, 2024.

The government will not raise electricity tariffs for the nine million domestic users in the country, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

Takiyuddin said the new tariff would benefit nearly 85 per cent of domestic account holders out of eight million account holders nationwide.

Shamsul said maintaining the basic electricity tariff at 39.45 sen/kWh benefits an estimated 9.44 million consumers.

The Energy Commission is expected to announce the new tariff for the January-June 2021 period upon approval from the Cabinet by this week.

Tenaga Nasional Bhd (TNB) projects slightly lower electricity tariff next year following the reduction in the cost of production of coal and gas currently.

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