RM16 billion to mitigate the impact of fuel price volatility on electricity tariffs. This subsidy aimed to ensure that most consumers, especially domestic and non-domestic low-voltage users, would not be adversely affected by tariff adjustments, despite the high average price of coal exceeding the RP3 projected fuel cost. For the period 1 January 2023 until 30 June 2023, the tariff rate was maintained for domestic, Micro, Small and Medium Enterprises (MSMEs), and all Agricultural customers. There was also a surcharge of 20 sen/kWh applied to other Non-Domestic customers. For the period 1 July 2023 until 31 December 2023, the government rolled out a targeted subsidy scheme where MSMEs, specific agricultural sectors, and a new category of water and sanitation operators enjoyed maintained or reduced surcharges. For domestic consumers, theICPT rebate was applied to those with a monthly consumption of up to 1,500kWh, with a surcharge for high-consumption users exceeding this threshold. FROM OUR LEADERSHIP Sec 2 51 THE MARKET LANDSCAPE 2024 Adjustments In December 2023, further adjustments were announced for the period of January 1 until June 30, 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