Energy Conservation Subsidies Package

The second supplementary budget for 2022, approved by the Cabinet on November 8, 2022, includes a strengthening of energy-saving measures for businesses and households. Additional financial resources were made available in FY2023 and FY2024 supplementary budget.

These measures have been extended through subsequent budget cycles, including FY2025, with continued support for energy-saving and fuel-switching equipment under new subsidy programmes.

It includes energy efficiency improvements measures such as fuel switch, more efficient appliances and renovation subsidies.

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