No price hike for domestic electricity tariffs - PM
28 Jan 2022 09:43pm
Prime Minister Datuk Seri Ismail Sabri Yaakob during the Cabinet meeting today. (Photo source: @IsmailSabri60)
Prime Minister Datuk Seri Ismail Sabri Yaakob, in a Twitter post today, said the government will continue with subsidies of more than RM700 million so that domestic consumers will not be affected.
He said this was decided by the Cabinet.
The Energy Commission, in a statement today, said that the government on Jan 26 had agreed to maintain the current electricity tariff for domestic users in the Peninsula for the Regulatory Period 3 (RP3) from Feb 1 to Dec 31, 2024 under the Incentive-Based Regulation (IBR) mechanism.
It said the decision also applies to commercial and industrial users.
The commission also advised users to take steps to use electricity smartly to avoid wastage.
It listed four measures that could easily be practiced including monitor or analyse use of electrical items or processes that could be improved, buy electrical items with a 5-star ratings and switch off all electrical plugs not in use.
It also advised consumers to use electrical equipment more efficiently such as setting the temperature of the air conditioner between 24 degrees to 26 degrees and performing regular maintenance.
This tariff rate has been in use since Jan 1, 2014 when the IBR mechanism was introduced as a new policy in the setting of electricity tariffs.
