KUALA LUMPUR, March 21 ― The government is able to save RM4.1 billion through the implementation of targeted electricity subsidy for half a year in 2023, the Senate was told...
KUALA LUMPUR, March 21 ― The government is able to save RM4.1 billion through the implementation of targeted electricity subsidy for half a year in 2023, the Senate was told today.
He said through targeted implementation, part of the Imbalance Cost Pass-Through will be released to medium and high voltage users among industry players, including multinational companies , with a surcharge of 20 sen/kWh. Sim said this in response to a question from Senator Tan Sri Mohamad Fatmi Che Salleh who wanted to know the latest subsidy distribution mechanism being implemented to make it more targeted and avoid leakage.“Providing this diesel subsidy is not expected to increase the cost to the existing industry... but the government is focusing on the aspect of the implementation and communication to the industry so that there is no economic shock.
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