The Ministry of Natural Resources, Environment and Climate Change (KETSA) issued a media statement regarding the Electricity Tariff Adjustment for Peninsular Malaysia for the Period of 1 January to 30 June 2023. Media statement as follows:

The government has agreed that all domestic users will not incur any tariff increase following the electricity tariff adjustment through the Imbalance Cost Pass-Through (ICPT) mechanism. At the same time, lower voltage (LV) non-domestic users which includes micro businesses, small and medium enterprises including restaurants, groceries, bakeries, small workshops and such will not be facing any electricity tariff increase as well. For this category of users, the government allocates RM8.74 billion in subsidy. This follows the decision by the National Action Council on Cost of Living meeting on 13 December chaired by YAB Prime Minister, Datuk Seri Anwar Ibrahim, and the Cabinet Meeting on 14 December 2022.

To ensure that there are no increase in prices of food and agricultural products, users such farmers and animal breeders which is categorised as specific agriculture (tariff H) will also not incur any electricity tariff increase. The government allocates RM90 million in subsidy for this category of users.

To read the full media statement, please refer here:

#KETSA #naturalresources #environment #climatechange #electricity #ICPT #LV #business #micro #SME #EUMYstrongertogether #eurochammy