Industries See Electricity Tariff Reduced 28% But Still High Compared To 3.7 sen

Non-domestic users, namely medium voltage (MV) and high voltage (HV) users from industries will enjoy a surcharge reduction from 20 sen/kWh to 17 sen/kWh, or a 28 percent to 35 percent reduction, per month, said the NRECC Minister when he announced the new electricity tariff from July 1 onward.

“The government hopes that this subsidy will help alleviate the people’s cost of living, especially during the period of economic recovery, and in turn ensure continued economic development of the country,” Nik Nazmi added

Back in February, the National Chamber of Commerce and Industry of Malaysia urged the government to consider alternative policy measures following the recent announcement of a drastic increase in the electricity tariff surcharge for medium and high-voltage users.

Its President said the increase in electricity tariff surcharge to 20 sen/kilowatt-hour (kWh) from 3.7 sen/kWh for MV and HV users among industry participants, including multinational corporations, had a significant impact on the operating costs and competitiveness of these industries, which are critical contributors to the country’s economic growth, job creation, and global competitiveness.

“Promoting energy efficiency and innovation by providing incentives and support to industries and businesses that implement best practices in energy management, technology, and research and development (could also be considered),”.

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