2024. This included maintaining a 2 sen/kWh rebate for domestic users with a monthly electricity consumption of up to 600kWh, a change from the previous threshold of 1,500kWh. No surcharge was applied for consumption between 601kWh and 1,500kWh, while the surcharge for consumption above 1,500kWh remained at 10 sen/kWh. These adjustments ensured that 85% of domestic consumers would not be affected, focusing government subsidies more precisely. Non-domestic users, including commercial and industrial low-voltage tariff categories, water and sanitation operators, and specific agricultural tariffs, did not see an increase in their electricity tariffs, with the ICPT surcharge maintained at 3.7 sen/kWh for them. Other non-domestic consumers continued to face a surcharge of 17 sen/kWh. DRIVING A RESPONSIBLE ENERGY TRANSITION Malaysia has taken a significant step forward in its energy transition(ET) journey in 2023 as the government clearly articulated the pathway to achieving Net Zero Emissions by 2050. Through important policy and roadmap announcements, such as the National Energy Transition Roadmap (NETR) and the Malaysia Energy Transition Outlook, the country now has a detailed roadmap for the transition that will also create economic growth, job opportunities and income generation in green industries. The NETR includes flagship catalyst projects like Hybrid Hydro-Floating Solar Photovoltaic, Large-Scale Solar Parks, and Co-firing of Hydrogen-Ammonia. These projects are part of Malaysia’s broader aspirations to achieve net zero carbon emissions and a 70% installation of RE capacity by 2050. In addition, the upcoming introduction of an RE exchange in 2024 signifies a major step towards economic opportunities for domestic RE industry players and aligns with the nation’s sustainable development goals. At the heart of Malaysia’s ET is the shift from fossil fuel-based systems to RE sources, such as solar power, to reduce greenhouse gas emissions and enhance ESG factors. This transition, termed as “ Just Energy