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Fahmi: Action will be taken if public reports power price manipulation

Fahmi: Action will be taken if public reports power price manipulation

New Straits Times12 hours ago
GEORGE TOWN: The government will respond promptly to public complaints about profiteering or price manipulation linked to the new electricity tariff.
Government spokesman Datuk Fahmi Fadzil said the Domestic Trade and Cost of Living Ministry had today launched Op Kesan 4.0 to prevent such activities.
"I am in constant contact with minister Datuk Armizan Mohd Ali to get real-time updates.
"If netizens raise any issues, we will respond promptly.
"We believe most premises will remain under control in terms of pricing," he told reporters here today.
He was met after the launch of YTL Communications' Tanjung Asam six-way Multi-Operator Core Network (MOCN) base station.
The new electricity tariff in Peninsular Malaysia comes into effect today as part of a major energy sector reform.
The new schedule, announced by the Energy Commission, introduces a streamlined structure with separate categories for domestic and non-domestic users, and revised charges for energy, capacity, network and retail components.
Fahmi, who is also the communications minister, was asked to comment on the new tariff and public concerns over its impact.
He said, as announced by the Energy Commission, 23.6 million Tenaga Nasional Bhd (TNB) accounts in Peninsular Malaysia would not be affected.
In fact, he said, the new basic tariff is 19 per cent lower than initially expected.
"Therefore, all TNB accounts using less than 1,000 kWh monthly are not only expected to maintain their current bills but may even see a reduction.
"This is based on information published by TNB.
"For most households, their bills will remain the same or decrease," he said.
ne major reform introduced by the Energy Transition and Water Transformation is the Time-of-Use (ToU) system, he said.
From today, 2pm to 10pm is considered peak time.
"By using high-energy appliances outside this window, consumers can save on electricity costs.
"This is because factories and industries mostly operate during peak hours.
"The government is now giving people the choice to manage their electricity use more effectively," he added.
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