Prime Minister Datuk Seri Anwar Ibrahim during his tabling of the Budget 2024 in the Dewan Rakyat today announced that the government is planning to further
He asserted that in 2022, the trend shows that 10% of the highest electricity usage received a 50% subsidy, while 50% of users with the lowest usage only received a 10% subsidy.
At the same time, the government continued the subsidy given to 90% of users. In this targeted approach, RM4.6 billion can be saved with a projection of RM20 billion electric subsidy. The government also still bear the electric subsidy of RM16 billion in 2023 for households and SMEs.
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