Connect with us


Malaysia Has The Fourth Lowest Domestic Electricity Tariff in The World



Malaysia Ranked Fourth - World Of Buzz
Source: The Star

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

When it comes to the end of the month, our bank accounts dry up real quick thanks to house rentals, income tax, utility bills, you name it!

However, on the bright side, did you know that Malaysia is ranked the fourth lowest domestic electricity tariff in the world? According to The Ministry of Energy, Green Technology and Water (KeTTHA), Malaysia is in front line right after Sweden, China and Taiwan. This means the tax paid for the electricity we use in our homes is pretty low compared to a large number of countries. Great!

KeTTHA Secretary General Datuk Seri lr Dr Zaini Ujang credited this to the long term agreement between the government and energy supplier, New Straits Times reported.

“The country’s good credit rating which allows repayment to be made over a long period of time with low interest rates may be the largest factor of the low domestic electric tariff. In addition to that, Malaysia is also ranked ‘Double A’ by several financial service providers due to its good credit rating.”

Hence, the good credit rankings had attracted many foreign investors to step into the energy sector,” he said during a press conference held after a National Transformation 2050 (TN50) dialogue session at the Kelantan Trade Centre.

Apart from good credit rating, Zaini said that Malaysia had a good track record in managing and utilising its energy resources for domestic purposes by using local expertise. The building and construction sector only requires additional energy resources from other countries.

He added that the 40 power companies came to an agreement that will last up to 21 years with the government’s policy. This shows a contrast with other countries, where the maximum duration for an agreement is 5 years, and none for some countries.

According to The Sun Daily, the current electricity tariff rate is at 38.53 sen per kilowatt jam (kWh), which matches the implemented rates since January 2014. This good performance has enabled the government to maintain the electricity tariff rate for another three years until 21 December 2020.

Even so, it is still important for us to save electricity and energy as much as we can!


Also read: New Update to Your TNB Bill Could Save Malaysians Time and Hassle, Here’s How

Unsure About Your Electricity Bill? Just Look At The Yellow Box! - World Of Buzz 4

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

My Post 2021 06 23T163646.240 My Post 2021 06 23T163646.240
News16 hours ago

KKM Debunks Rumours That Man Died By Eating Durian A Day After Getting Vaccinated

It’s that time of the year again. When Malaysians rejoice as the smell of durian wafts in the air. Unfortunately,...

Dok Dok
News17 hours ago

Perlis Doctor Fully Vaccinated With Pfizer, Fined For Posting Fake News About Sinovac

A 53-year-old doctor from a private clinic in Perlis was fined RM5,000 after pleading guilty to spreading false information about...

Pjimage 66 1 Pjimage 66 1
News18 hours ago

Children Aged 12 & Above Are Allowed To Be Registered As Vaccine Dependents On MySejahtera

Those aged 12 to 18 years old can now be registered for the Covid-19 vaccine through the MySejahtera application. Previously,...

Ascascascasca Ascascascasca
News20 hours ago

3 Burglars In Johor Jumped From Flyover To Escape Police But Failed After Sustaining Injuries

Three suspects went to the extent of jumping from a flyover in order to escape the authorities after breaking into...

My Post 2021 06 23T121544.616 My Post 2021 06 23T121544.616
News20 hours ago

Man In Indonesia Stabs Colleague To Death After He Was Made Fun Of For Being ‘Ugly’

A man killed his colleague in an act of revenge as he could not stand being ridiculed for his looks,...

Pjimage 2021 06 23T115048.734 Pjimage 2021 06 23T115048.734
News21 hours ago

M’sian Athlete Breaks World Record & Bags Gold Medal In Powerlifting At Dubai World Cup

What a proud day for Malaysia! National athlete, Bonnie Bunyau Gustin has made Malaysia proud with his outstanding performance at...

Newborn Ft 2 Newborn Ft 2
News22 hours ago

Mother Shocked After 13yo Daughter Gives Birth, Allegedly Raped By 14yo Cousin Multiple Times

A woman who is the mother of a 13-year-old daughter was shocked to find her child had given birth to...

Ds Ds
News22 hours ago

Iron Scaffold Plate Falls & Damages 7 Cars Parked Near Construction Site In Cheras

An iron scaffold plate that was being lifted by a crane at a construction site in Jalan Ikan Emas, Cheras...


Latest Videos