kuala lumpurThere will be no increase in electricity tariffs for all users in the peninsula from Monday (July 1) until December 31, according to the Ministry of Energy and Water Transformation (Petra).
Petra stated in a statement issued today that the matter was agreed upon by the government yesterday.
The ministry said that this decision reflects the government’s commitment to ensuring that the well-being of the people continues to be guaranteed by ensuring the continued protection of local consumers through the targeted implementation of electricity subsidies.
She said that the government also agreed to reduce the surcharge by 1 cent/kWh for street lighting category (Tariff G and G1) under the supervision of local authorities (PBT) for the same period so that PBT can provide comprehensive lighting services in public areas.
For commercial and industrial users, it said they will see the ICPT rate decrease by 1 cent/kWh from July to December 2024.
Read also: No increase in electricity tariffs for 99% of electricity users in the peninsula from July to December
“The government hopes that the reduction in the ICPT surcharge rate for this category will continue to maintain stability in commodity prices in the market while supporting the government’s efforts to encourage investment in Malaysia, thereby increasing employment opportunities for the people and stimulating the national economy,” read the statement.
According to the Malaysian News Agency (Petra), the targeted electricity subsidy borne by the government from July to December this year amounted to RM2.192 billion.
The Ministry believes that implementing targeted electricity subsidies is the best approach to reduce the government’s commitment to subsidies so that the allocation can be directed to other forms of assistance to the people.
She added that the law also allows the government to continue improving public infrastructure, health care and support the country’s education sector.
The government added that it continues its commitment to ensuring the welfare of low-income earners through the RM40 electricity rebate programme for extremely poor electricity users registered under the e-Kasih scheme, which includes an allocation of RM55 million this year.
Read also: The continued reduction in electricity prices is an indication of the government’s interest in the B40 group
Electricity users can check their eligibility status at https://semakanrebat.petra.gov.my/apps/public/index.php or at their nearest utility store
“Although there is no increase in electricity tariffs in the peninsula until December this year, users are always advised to use electricity wisely and practice energy efficient practices.
“Under the SAVE 4.0 programme, consumers can get an e-rebate of up to RM400 for the purchase of energy-efficient refrigerators and air conditioners that have been rated 4 or 5 stars by the Energy Commission,” the ministry said.
Consumers are also encouraged to participate in the installation of photovoltaic (PV) solar panels for their residential buildings under the Net Energy Metering (NEM) programme.
She also said that under the new Solar Energy for the People Incentive Scheme (SolaRIS), new NEM users who submit their applications to the Sustainable Energy Development Authority (SEDA) onwards will receive a rebate ranging from RM1,000 to RM4,000/kW AC.
The Jordanian News Agency (Petra) said, “Users can see the amount of government subsidy for electricity in their monthly electricity bills,” adding that the government hopes that subsidizing electricity will help reduce the cost of living for people.
Read also: Electricity tariff adjustment: 99% of local consumers in Kulim Hi-Tech Park area unaffected
In a related development, Petra said that the government, in a decision taken last June 20, agreed to amend the electricity tariff of Noor Power Sdn Bhd (NUR) in Kulim Hi-Tech Park (KHTP), Kedah, which was implemented. Under the ICPT mechanism, from July 1 to December 31 to be implemented in a targeted manner.
“This includes domestic users whose electricity consumption is 1,500 kWh or less (1,500 kWh), for whom no additional fees will be imposed, while domestic users whose electricity consumption exceeds 1,500 kWh will be charged additional fees ( > 1500 kWh) at a rate of 5.50 c/kWh.
“Non-domestic users will be charged an additional fee of 5.50 sen/kWh,” the statement read.
For consumers in the Federal Territory of Labuan, Petra said the federal government has agreed to set the electricity tariff based on the price set by the Sabah government for state users for the period from July 2024 to December 2027.
Official announcements and statements related to this matter can be downloaded on the ECoS website at https://ecos.gov.my/announcement/announcement-99-sesb-users-will-not-be-affected-electricity-tariff- “amendment,” she said.