KUALA LUMPUR, Dec 27 — There will be no increase in electricity tariffs for 85 per cent of domestic users until June 30 next year, said Tenaga Nasional Berhad (TNB) chief financial officer Datuk Nazmi Othman.
This decision is in line with the government’s resolution on Friday (December 20) to maintain electricity tariffs for the period from January 1 to June 30, 2025.
“During this period, domestic users will not be affected by any price hikes or impacts as the government will absorb these through mechanisms such as the Electricity Industry Fund,” he said.
Nazmi was speaking at a press briefing on the implementation of the Fourth Regulatory Period at the Leo Moggie Convention Centre, TNB Platinum in Bangsar today. Energy Commission chief executive officer Datuk Abdul Razib Dawood was also present.
Before the period ends, the government will evaluate and review the electricity tariff structure, considering current coal, gas, and fuel prices before announcing any further decisions.
“The next decision is expected to be announced before July, as the government will monitor the situation, including market prices for coal, gas and fuel, close to the expiration of the current electricity tariff schedule on June 30, 2025,” he said.
On December 20, the Energy Transition and Water Transformation Ministry announced that the government, on December 13, had decided there would be no increase in electricity tariffs, a decision is in line with the government’s commitment to ensuring the welfare of the people by continuing to protect domestic users through the implementation of targeted subsidies.
Meanwhile, Prime Minister Datuk Seri Anwar Ibrahim reaffirmed that the government will not allow electricity tariff hikes that would burden the public.
Anwar, who is also Finance Minister, said today that any tariff increase should not impact the general population, but instead target the ultra-wealthy or industries generating extraordinary profits.
Speaking to the press in Langkawi, the Prime Minister said he had contacted Deputy Prime Minister cum Energy Transition and Water Transformation Minister Datuk Seri Fadillah Yusof, requesting that TNB provide clarification on the matter.
Commenting further, Nazmi expressed confidence that any future decisions announced by the government would prioritise and safeguard the well-being of the people, particularly protecting domestic users.
To date, TNB has recorded a total of nine million domestic account holders and one million commercial sector users.
— Bernama
