Malaysia’s 2024 Electricity Tariff Overhaul: Navigating Fairness and Sustainability

PUTRAJAYA, December 26, 2023 – Malaysia is set to implement significant tariff adjustments in the electricity sector starting January 1, 2024, impacting consumers across different regions. The Ministry of Energy Transition and Public Utilities, has revealed the details of the adjustments through the Imbalance Cost Pass-Through (ICPT) mechanism. The changes aim to rebalance subsidies and surcharges for various consumer categories, ensuring a fair and sustainable energy landscape. Peninsular Malaysia – 85% Domestic Users UnaffectedIn Peninsular Malaysia, the Energy Commission announced that 85% or 7.0 million domestic consumers will not be affected during the period from January 1 to June 30,