The Najib administration will raise electricity rates by an average of 7.12 per cent beginning June 1 as part of its subsidy reduction exercise.
Power prices would rise by as much as 2.3 sen per kilowatt hour.
Domestic users who use less than 300kW unit per month will not be subjected to this new electricity pricing scheme, which is multi-tiered according to usage.
Officials said that this means that 44.4 million or 75 percent out of a total 5.94 million households would be unaffected by the new tariff.
For those using 301kW to 1000kW units, the tariff has been raised from 0.1 to 10 percent, or RM0.07 to RM30.30.
The waiving of electricity bill for those who record less than RM20 usage monthly would cease on December 2011.
Natural gas prices would also rise by RM3.00 per mmBtu every six months until it reached market levels by 2016, when its price would be fully floated.
The price charged by state oil company Petronas for power generation would rise to RM13.70 per mmBtu from RM10.70, officials said.
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