PUTRAJAYA: The Government will be allocating RM10.76 billion to subsidise electricity tariffs to assist Malaysians, says Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad.
At a press conference, Nik Nazmi said the actual cost of subsidies to maintain the current electricity tariff would have come up to RM14.91 billion if it was implemented across the board.
“However, with this targeted subsidy scheme, an additional allocation of RM4.16 billion which would have been used to bear the cost of the subsidy can now be allocated to help the public through other means,” he said.
The Minister said RM8.74 billion will be allocated for low voltage non-domestic users, namely micro businesses and small- and medium-sized enterprises (SMEs).
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