What is the actual quantum of the proposed electricity tariff hike?

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Actual Quantum of Proposed Electricity Tariff Hike Remains Undisclosed

The specific quantum of the proposed electricity tariff hike has not been publicly disclosed. While the government had previously indicated that power tariffs could be increased from February 1, the exact percentage or monetary value of this increase for different user categories was not specified by the Energy and Natural Resources Minister. The government later announced that domestic users would not face an increase.
Impact on Businesses if Tariffs Were Increased

For businesses, particularly those operating on slim profit margins, an increase in utilities bills could have a significant financial impact. The Small and Medium Enterprises Association of Malaysia (Samenta) estimated that an 18.4 per cent rise in utility costs for a business with a profit margin below 10 per cent could lead to a reduction in profits of up to 40 per cent. This scenario could pose a substantial challenge to the viability of many small and medium enterprises.
Tenaga Nasional Berhad's Financial Performance

Samenta raised concerns regarding the timing and magnitude of any potential tariff increase, citing Tenaga Nasional Berhad's (TNB) reported financial performance. For the nine months ending September 30, 2021, TNB had disclosed a 9.6 per cent increase in revenue and a 4.6 per cent increase in earnings. The association pointed to TNB's own CEO's expectation of improved economic activity and demand in the coming months as reasons to question the necessity of a steep hike.
Government's Decision Regarding Domestic Users

Following initial disclosures about potential tariff adjustments, the government made a decision not to increase electricity tariffs for domestic users in February. This announcement provided some relief to households, although the minister had previously asserted that any increase would not be "burdensome" to consumers. The minister also urged the commercial sector to refrain from passing on increased costs to consumers.

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What is the actual quantum of the proposed electricity tariff hike?

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