Malaysia just raised the electricity tariff for the top 1% of households, while slashing industrial power tariffs!
Malaysia Hikes Electricity Tariff For Top 1% Of Households
On Friday, 23 June 2023, the Malaysia Natural Resources, Environment and Climate Change (NRECC) Ministry announced a hike in the electricity tariff for the top 1% of households for the second half of 2023.
From July to December 2023, household using more than 1,500 kilowatt hours (kWh) of electricity per month, will no longer enjoy the 2 sen/kWh rebate. In addition, they will incur a surcharge of 10 sen/kWh, resulting in a total increase of 12 sen/kWh.
What this effectively means is that all those high-consumption households will see a minimum increase of RM 187 or 25%. Approximately 83,000 households would be affected if they continue to use more than 1,500 kWh per month.
Of course, those high-consumption households can avoid the surcharge by reducing their power consumption.
The remaining 99% of domestic users will be unaffected by this hike in electricity tariff. The government has allocated RM2.7 billion to continue their electricity subsidy.
Read more : Scam Alert : Remote Control Electricity Saver!
Malaysia Reduces Electricity Surcharge For MV / HV Users!
Meanwhile, the electricity tariff surcharge for non-domestic medium-voltage (MV) and high-voltage (HV) users will be reduced from 20 sen/kWh to 17 kW/h for the months of July to December 2023.
This is based on normalising fuel costs – the electricity tariff surcharge is adjusted every six months under the ICPT mechanism to reflect changes in power generation costs in the preceding six months.
The electricity surcharge for non-domestic customers using low-voltage (LV) power, such as small and medium-industries (SMEs) will remain unchanged at 3.7 sen/kWh.
Finally, the government agreed to greatly lower the electricity surcharge on water and sewerage operators, from 20 sen/kWh to just 3.7 sen/kWh.
|Domestic||Up to 1,500 kWh||2 sen/kWh
|Domestic||Over 1,500 kWh||10 sen/kWh
|Commercial||Low Voltage||3.7 sen/kWh
|Commercial||Water + Sewerage
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