KUALA LUMPUR, June 20 — More than 23.6 million domestic users in Peninsular Malaysia will benefit from fairer and more progressive electricity rates due to the newly approved electricity tariff schedule, which the government approved, the Energy Commission (EC) announced today.
In a statement, it said this tariff determination will take effect from July 1, 2025, to December 31, 2027, under the Incentive-Based Regulation (IBR) framework, in line with the provisions of Section 26 of the Electricity Supply Act 1990.
The electricity tariff changes for the Regulatory Period 4 (RP4) involve the restructuring of the following three components:
(i) The average base tariff rate;
(ii) The new tariff schedule; and
(iii) The fuel cost adjustment mechanism.
The EC added that the Average Base Tariff Rate was adjusted based on the estimated cost of electricity supply for the RP4 period and is set at 45.40 sen/kWj, compared to 45.62/kWj approved in December last year.
With this adjustment, the average overall electricity tariff cost is reduced by up to 19 per cent, compared to the Third Regulatory Period (RP3).
— Bernama
