Charging your electric car at home might get more expensive soon if the government’s electricity subsidy scheme is revised.reporting from the National Economic Action Council meeting press conference earlier today, PM Anwar Ibrahim said households with “excessive” power consumption will no longer enjoy electricity subsidies.
If you household happens to be categorised as not qualifying for electricity subsidies anymore, you could see your per kWh cost rise from RM0.571 per kWh up to RM0.841 per kWh. ICPT is basically a mechanism to review the electricity tariff every six months to take into account fluctuating fuel pricing, which contributes to 65% of the cost component of the electricity tariff.
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