Malaysia domestic electricity tariff, 4th lowest in the world after Sweden, China and Taiwan, according to The Ministry of Energy, Green Technology and Water (KeTTHA).
At a press conference held after a NationalTransformation 2050 (TN50) dialogue session at the Kelantan Trade Centre, KeTTHA Secretary General Datuk Seri lr Dr Zaini Ujang attributed this to the government’s long term agreement with energy suppliers.
” This is possible largely due to the the country’s good credit rating which allows for repayment to be made over a long period of time with low interest rates.
“In fact, several financial service providers rank Malaysia ‘double A’ because of its good credit rating. A good investment climate has also made Malaysia attractive to foreign investors especially in the energy sector.”
He also said that Malaysia had a good track record in managing and utilising its energy resources for domestic purposes, only requiring additional energy resources from other countries for our building and construction sector.
Additionally the government has helped to play its role in setting a electricity rate tariff rate that is consistent and not too high.
“The electrictiy tariff rate in use since 1 January 2018 is 38.53 sen per kilowatt jam (kWh), and it will remain as such from 1 January 2018 to 21 December 2020.”-NST