Anwar, who is also the finance minister, said any tariff adjustments will be done carefully to ensure they do not burden the business community, Bernama reported.

Speaking at a Chinese New Year celebration organised by the Associated Chinese Chambers of Commerce and Industry of Malaysia today, he reiterated that low-income households would remain unaffected by the scheduled tariff review.

Currently, the government subsidises electricity costs for 85% of households.

Electricity tariffs are set under the Energy Commission’s Incentive-Based Regulation framework, reviewed every three years.

There is also the Imbalance Cost Pass-Through mechanism, which adjusts electricity rates based on actual fuel cost fluctuations, reviewed every six months.

It was previously reported that the government was finalising the new tariffs for Peninsular Malaysia, set for review in July.