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.
For the ICPT adjustments within the period of July to December 2023, the users who will be affected are domestic users who use more than 1,500-kilowatt hours (kWh) of electricity and the majority of which live in Selangor, Kuala Lumpur, Johor and Penang.
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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