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PM Anwr Ibrahim giving speech at Chinese New Year Celebration organized by ACCCIM. Image credit : anwar ibrahim
Prime Minister Datuk Seri Anwar Ibrahim has assured that any electricity tariff adjustments scheduled for the second half of 2025 will not negatively impact or burden the business community.
According to a statement from the Prime Minister’s Office, Anwar also emphasized that low-income households would remain unaffected by the upcoming tariff review planned for mid-2025. This commitment reflects the government's ongoing efforts to balance economic sustainability with the welfare of the people.
The Prime Minister made these remarks during the Chinese New Year 2025 Celebration organized by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
"Currently, the government provides electricity subsidies to more than 85 percent of households," he stated.
The statement further explained that Malaysia's base electricity tariff is regulated by the Energy Commission under the Incentive-Based Regulation (IBR) framework, which undergoes a review every three years to ensure fairness and stability in pricing.
Apart from the base tariff, the government also implements the Imbalance Cost Pass-Through (ICPT) mechanism, which is reviewed every six months. This mechanism adjusts electricity rates based on actual fluctuations in fuel costs.
"In January, Tenaga Nasional Berhad (TNB) announced that the government had approved a 14.2 percent increase in the base tariff for the period of 2025 to 2027. However, despite this increase, the government has maintained the actual electricity tariff rates for both industrial and residential consumers for the first half of 2025, meaning there will be no immediate changes in electricity costs," the statement elaborated.
The next tariff review is scheduled for July 2025, during which the government will assess the need for any further adjustments based on economic conditions and energy market trends.
These measures reflect the government’s commitment to ensuring that businesses remain competitive while safeguarding the financial well-being of Malaysian households. Authorities will continue to monitor fuel prices, operational costs, and economic factors to implement policies that strike a balance between economic growth and affordability.
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