Global energy shock now hitting Malaysia’s electricity costs, says economy minister
JOHOR BAHRU, Sept 17 — Global energy supply disruptions are now exhibiting a lagging effect, as the impact, concen...
Global energy shocks are now affecting Malaysia's electricity costs, according to Economy Minister Akmal Nasrullah Mohd Nasir. The disruption, which began with petrol prices last March, is now impacting natural gas and coal, which in turn is causing a lag effect on electricity generation costs. This is particularly affecting those consumers who use more than 600 kilowatt-hours (kWh) per month.
The Minister explained that this impact, known as the Automated Fuel Adjustment (AFA), is based on fuel prices. The delay of three to four months before natural gas is affected by petrol price changes is a common phenomenon. The Minister assured that under the current tariff structure, most domestic consumers using below 600 kWh per month are not directly affected by the tariff position or fuel cost.
The Prime Minister is set to convene a special meeting to reassess the tariff situation and reduce people's burden. Unfavorable weather conditions are also contributing to the increase in energy consumption.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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