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New Electricity Tariffs Will Be Announced Before 1 February

New Electricity Tariffs Will Be Announced Before 1 February

Takiyuddin Hassan said that the decision has been made after six Cabinet meetings.

Hakim Hassan

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The new electricity tariff rate for 2022 to 2024 is expected to be announced before 1 February.

Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan was quoted by Sinar Harian recently saying that the new tariff decision had been finalized on Wednesday after being discussed six times in a Cabinet meeting.

The new tariff rate will be announced soon and we will implement the IBR (Incentive-Based Regulation) on February 1. We are waiting for the Energy Commission and what can I say, this new tariff will not burden the people.

Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan

He mentioned previously that the new tariff would benefit almost 85% of the eight million account holders in Malaysia or approximately 6.8 million account holders nationwide.

Takiyuddin said the government has taken into consideration the country’s current Covid-19 affected economic situation when drafting the new electricity tariff.

READ MORE: Government To Announce New Electric Tariffs. Promises No Burden To Rakyat


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