While acknowledging the need for tariff adjustments due to rising costs, Anwar said any hike should not affect most Malaysians.

“We do not allow electricity hikes that would affect the public,” Sinar Harian quoted him as saying after Friday prayers at Al-Hana Mosque in Langkawi.

“The previous adjustment (withdrawal of targeted subsidies) only affected the upper class or highly profitable industries.”

Anwar said deputy prime minister Fadillah Yusof, who oversees the energy transition and water transformation portfolio, and Tenaga Nasional Bhd (TNB) will provide further explanation about the proposed electricity tariff hike.

Yesterday, TNB said it has proposed a base tariff of 45.62 sen per kilowatt-hour (kWh) under Regulatory Period 4 (RP4) for implementation starting July 1, 2025.

The base tariff under RP3 had been set at 39.95 sen/kWh between 2022 and 2024.

The energy transition and water transformation ministry earlier announced that there will be no increase in electricity tariffs for consumers in Peninsular Malaysia from Jan 1 to June 30, 2025.

However, it said the Energy Commission is finalising a new tariff schedule that reflects the true cost of electricity supply while ensuring competitiveness and balancing security, sustainability, and affordability

The revised schedule, expected to take effect on July 1, 2025, will have an estimated financial impact of RM3.57 billion, funded by the government.