MSIA appeals for further review of electricity tariff surcharge increase

KUALA LUMPUR: The Malaysia Semiconductor Industry Association (MSIA) is appealing to the government for more gradual and tenable electricity tariff surcharge rates to ease the cost burden on electrical and electronics (E&E) companies.

This was in reponse to an announcement by Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad last week that there will be an electricity tariff adjustment on the imbalance cost pass-through (ICPT) from 3.7 sen to 20 sen for medium voltage and high voltage users among industry participants, including multinational companies.