The government is conducting a study on whether to allow new energy suppliers to come into the market, finding an alternative to the current monopoly of having just one company supplying electricity for the whole country.
If the government decides to go ahead with the plan, this would mean Tenaga Nasional Berhad (TNB) will no longer be the sole choice for consumers in Peninsular Malaysia to buy electricity.
The Energy, Science, Technology, Environment and Climate Change Ministry said in a parliamentary written reply dated July 3 said that the ministry is scrutinising and studying the proposal to liberalise the electricity retail sector to allow users to choose electricity suppliers other than TNB.
A study is currently being conducted to determine whether the liberalisation of the electricity retail sector will indeed result in more competitive tariffs for consumers.
“With regard to this, the ministry is expected to table its findings to the cabinet in the near future to help determine the future of the electricity supply industry,” it said.