Changes in fuel prices are reflected as rebates or surcharges which is passed on to consumers. From March 2015 till mid-2018, consumers have enjoyed a rebate of more than RM6.3bil.There has been some discussion in the media recently on electricity tariff and how the downward movement of international coal and gas prices in recent months should be reflected in lower tariffs. This has been suggested by various bodies representing both domestic and non-domestic consumers.
Taking a step back, it is perhaps a good time to review the entire tariff setting process and how fuel prices affect this.
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