Targeted electricity subsidies will be announced at the end of the year, when the PADU database is established
More on the targeted subsidies the government plans to introduce next year, this time from the electricity side. According to the minister of resources, environment and climate change Nik Nazmi Nik Ahmad, this will be published by the end of next year Pangkalan Utama Data (PADU) socioeconomic database established, at that time T20 users will not be subsidized.
He said that currently, electricity subsidies are provided based on consumption and not income of domestic users and consumers in the country. Income group T20 receive more benefits than those in the B40 and M40 groups.
“Assuming a T20 household has 5 or more air conditioners, dryers, and some other appliances, the electricity bill would be RM500 to RM700 or more. It’s not fair that they get a much higher subsidy and earn more in ringgit than the M40 and B40 group, because it (subsidy) is based on consumption,” he said during the Q&A session of the group. ministers at Dewan Rakyat yesterday .
He is answering an additional question from Khoo Poay Tiong (PH-Kota Melaka), who wants clarification on the removal of electricity subsidies for the T20 group. Earlier this month, Prime Minister Datuk Seri Anwar Ibrahim said households with “excessive” electricity consumption would no longer receive electricity subsidies when switching to a targeted policy.
Khoo also asked if the government would encourage the T20 group to use solar energy as an alternative source of electricity. Nik Nazmi replied that the T20 group should be encouraged to use solar power, but the price of renewable energy must be reasonable and competitive with traditional power sources.
Nik Nazmi said that from January to June this year, the government spent RM10.76 billion to subsidize electricity for 9.5 million users, who should have paid for a 0.27 sen increase in electricity prices. RM/kWh. not subsidized.
From an automotive perspective, the new policy is likely to affect households using electric vehicles (EVs). Like us previous report, if your household happens to be classified as ineligible for electricity subsidies anymore, you may see your cost per kWh increase slightly. At current rates, this means an increase from RM0.571/kWh to RM0.841/kWh without subsidies in place. The question is, are you willing to pay more to charge your EV at home?
