The government has made a U-turn on its plan to increase domestic electricity tariffs.
This comes less than 48 hours after Energy and Natural Resources Minister Takiyuddin Hassan announced that the new tariff for 2022-2024 would likely be implemented on Feb 1.
The decision to pull the plug was made at a cabinet meeting today, Prime Minister Ismail Sabri Yaakob revealed in a tweet.
"Cabinet has decided not to increase electricity tariffs for more than nine million domestic users.
"In line with this, the government has decided to continue subsidies worth more than RM700 million so that domestic users are not affected," he said.
Takiyuddin said yesterday that the decision on the new power tariff was finalised on Wednesday after being discussed six times in cabinet meetings.
He assured it would not burden the public.
He had also said the government has taken into consideration the country's current situation that is recovering from the economic crisis following the Covid-19 pandemic in determining the new electricity tariff. - Mkini
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