New Surcharge Policy For Electricity Bills Exceeding RM708 Per Month
Under the new policy, it will result in a 25% increase in monthly electricity bills for the affected customers.
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Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad has announced a new surcharge policy for electricity bills exceeding RM708 monthly in Malaysia.
The surcharge will be levied from 1 July to 31 December 2023, affecting 83,000 residential customers, or 1% of residential customers.
Under the new policy, customers whose electricity consumption exceeds 1,500 kilowatt-hours (kwh) per month, or equivalent to a minimum monthly electricity tariff of RM708, will be charged a surcharge of 10 sen per kwh.
This will result in a 25% increase in monthly electricity bills for the affected customers.
Nik Nazmi stated that the new policy aims to make electricity subsidies more targeted to the intended group.
99 peratus pengguna domestik TNB tidak alami kenaikan tarif elektrik untuk ICPT tempoh Julai-Disember 2023.
— 🇲🇾 Nik Nazmi (@niknazmi) June 23, 2023
Video penuh di https://t.co/8M0UTbeDj0@nreccmalaysia @st_malaysia @tenaga_nasional pic.twitter.com/mwESTA6Tbp
Impact Of The Surcharge On Consumers
He also announced a reduction in surcharges for non-residential customers with medium and high electricity consumption, from 20 sen per kwh to 17 sen per kwh.
This will result in a reduction of 28% to 35% for these customers.
The surcharge policy adjustments also align with the wishes of the National Economic Action Council, according to Nik Nazmi.
When asked about the affected customers, he clarified that the 1% of affected groups belong to users with high electricity consumption and not necessarily the 20% high-income group (T20).
The new policy is expected to generate additional revenue for the government while ensuring that electricity subsidies are targeted towards those who need it most.
READ MORE: Skyrocketing Electricity Bills Leave Malaysian Family Struggling to Make Ends Meet
Public Reaction To The New Surcharge Policy
The new proposal suggests that ordinary people would still receive subsidies, but those considered wealthy would no longer be eligible.
This concept is expected to be well-received by the public, as it aims to provide relief to those struggling to pay their electricity bills while ensuring that those who can afford to pay more do so.
bil letrik naik ni dh long due. kerajaan keep on bg subsidy. kerajaan terdahulu terdahulu pun dh janji mcm2 kt TNB, termeterai / tak je
— 🍰 Cake (@trancedisorder) June 24, 2023
so now this concept mmg will work. potong subsidy utk yg kaya raya, rakyat biasa still dpt subsidi. nk naik hrga pun blh naik kn surcharge rate https://t.co/Q6VyDb9dEN
In addition to cutting subsidies, the government is also considering increasing the surcharge rate to increase prices.
This move is expected to generate additional revenue for TNB and help cover the costs of providing electricity to consumers.
TNB’s net profit touches RM1bil in first quarter https://t.co/KzDzKjvP2l
— ForABetterMY (@ForABetterMY) May 30, 2023
Why is PH BN (Anwar and Nik Nazmi, ok fine, PKR only) wanting TNB to increase tariffs on 'rich' ppl if they got RM1b in profit?
So there was a one-off cukai makmur /prosperity tax and why does TNB pay zakat?
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