Electricity tariffs to reduce slightly from March 2009

Malaysia government has just announced a cut in electricity tariffs effective 1 March 2009.

Under the plan, tariffs will be cut to 31.31 sen per KWh from the current 32.5 sen. Domestic users will enjoy an average 2.54% cut in electricity tariffs, while commercial users will pay 2.7% less in electricity bills. Other major reductions include a 5.0% discount awarded to industrial users' bills.

Major beneficiaries will be industrial users that use a lot of electricity, such as the steel and aluminium millers. Savings to the domestic and commercial users seems to be minimal, although better than nothing.