Electricity bill protection expansion to cost RM248mil over 4 months
KUALA LUMPUR: Expanding electricity bill protection to households consuming up to 800 kWh a month is expected to cost RM248 million over four months, Deputy Prime Minister Datuk Seri Fadillah Yusof said.
KUALA LUMPUR: The expansion of electricity bill protection to households consuming up to 800 kWh a month will incur a cost of RM248 million over four months, Deputy Prime Minister Datuk Seri Fadillah Yusof stated. This initiative aims to benefit around 90% of domestic consumers in Peninsular Malaysia, totaling eight million households.
The financial burden of the expansion can be divided into three primary components. A joint cost of RM180 million for the Automatic Fuel Adjustment (AFA) will be shared between the government and Tenaga Nasional Bhd (TNB) for September. Subsequently, TNB will cover the remaining expenses from October to December, amounting to RM36 million.
Additionally, TNB will bear the full Retail Charge of RM36 million for the same period. The government will also refrain from collecting Sales and Service Tax exemptions worth RM32 million during this timeframe, further contributing to the total cost.
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