Govt reviewing surcharge, subscription period for Green Electricity Tariff
The premium, currently charged at 21.
The premium, currently charged at 21.
The rate is higher than the 5.
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
“Malaysian consumers enjoy the lowest domestic electricity tariffs in Asean, not purely because of efficiency, in our view, but through artificial means of subsidy and price controls.
Johan said the government is also working on ways to reduce subsidies for diesel that has seen huge leakages.
In a joint statement on Wednesday (Feb 8), seven associations representing retailers and the owners and operators of hotels, theme parks and shopping malls lament that their monthly energy bills have gone up by at least 20% to 30% compared to the previous year, despite similar usage levels.
With the tariff hike, it forecast that the steel industry’s annual electricity cost, which is estimated at RM1 billion in 2022, would rise to more than RM1.
Domestic users, farmers and animal breeders, and LV non-domestic users, will be exempted from the tariff hike after the latest adjustment on the electricity rates through the ICPT mechanism.
Prime Minister Datuk Seri Anwar Ibrahim said the government will not proceed with earlier suggestions to raise the blanket electricity tariff as it will burden the Malaysian public.
"Since 1983, the interconnector has enabled mutual energy transfer between Singapore and Malaysia during times of power system disturbances.