28 Jun - 2 min read
Prime Minister Tan Sri Muhyiddin Yassin has announced another round of electricity bill discounts for residential properties under the new PEMULIH stimulus package. It will see discounts ranging from 5% to 40% based on the home’s electricity usage, and will apply for the months of July until September 2021.
According to the Prime Minister, this discounts will be worth RM346 million and will benefit all residential properties. However, while the discounts will be tiered based on the home’s total monthly electricity usage, the full breakdown for the discounts have not been disclosed.
Based on the Prime Minister’s speech, the higher discounts will apply to residential homes that consume less electricity – the lower the consumption, the higher the discount rate. Residential homes that consume less than 200kWh per month will receive the highest 40% discount, while the next tier is 15% for homes that consume between 201-300kWh per month. The other discount tiers was not mentioned.
In addition, the electricity bill discounts is capped at a maximum of 900kWh per month per residential home. That means that any additional usage beyond that cap will be charged the full rate as per the electricity provider’s tiered rates.
This electricity bill discount for residential homes is the third such measure from the government. Previously, it was introduced in the Prihatin stimulus package, before a one-off rebate was announced under the Bantuan Prihatin Elektrik.
On a related note, the Prime Minister also announced that selected businesses in the tourism sector will receive a flat 10% discount on electricity bills from October until December 2021, a three-month extension from the current discount under PEMERKASA+. The selected businesses are hotel operators, theme parks, convention centres, shopping malls, local travel agencies, and travel and tour agencies.
In total, these electricity bill discounts is estimated to cost RM1 billion.
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