According to a report from Tenaga Nasional Berhad (TNB), Malaysia is experiencing a significant rise in electricity theft linked to illegal crypto mining, with cases quadrupling since 2018.
Electricity Theft Increase Since 2018
TNB reports a 300% increase in electricity theft cases associated with illegal crypto mining. This highlights ongoing challenges for national infrastructure and financial resources.
Financial Impact of Illegal Crypto Mining on TNB
Significant financial losses have been incurred due to illegal crypto mining, which involved tampering with smart meters and creating inflated bills for property owners. This has also stressed Malaysia’s power grid infrastructure.
Comparative Study of Energy Theft in Malaysia and Other Countries
Malaysia joins a group of countries, including China and Iran, facing similar energy theft issues. Past cases have led to regulatory measures that did not fully eradicate these practices.
The situation of electricity theft in Malaysia underscores the need for further technological advancements and regulatory improvements to protect the country's energy infrastructure.
