27 Mar - 2 min read
Residential electricity consumers across Malaysia will be granted up to 50% discounts for electricity bills, depending on their usage rage. This initiative, which starts from 1 April 2020, was announced by Prime Minister Tan Sri Muhyiddin Yassin during the reveal of the Prihatin Economic Stimulus Package.
The discounts will granted in tiers based on the total monthly consumption of each household, with higher discounts given for the lower usage tiers. The tiered discounts will last for a period of six months until 30 September, and will be offered as follows:
Meanwhile, selected businesses in the tourism sector will continue to enjoy a flat 15% discount on electricity bills, previously announced in the first Economic Stimulus Package 2020. These include hotel operators, travel agencies, local airlines offices, shopping malls, convention centres, and theme parks. Other commercial consumers, industrial, and agriculture categories, too, will remain entitled to a 2% discount on their electricity bills for a period of six months.
According to Tan Sri Muhyiddin, this initiative is jointly subsidised by the government and Tenaga Nasional Berhad (TNB), as well funds from Kumpulan Wang Industri Elektrik (KWIE). It will see the allocation of an additional RM530 million for this measure.
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