Kota Marudu Member of Parliament

Electricity tariff rebate remains unchanged for Peninsular Malaysia

PUTRAJAYA: The government has maintained the electricity tariff rebate of 1.52 sen/kWh in Peninsular Malaysia and will continue with the reduction of the average electricity tariff by 1.20 sen/kWh in Sabah and the Federal Territory of Labuan, effective July 1 to Dec 31.

With the continuation of the rebate, there is no change in the current electricity tariff rates on consumers in Peninsular Malaysia, Sabah and Labuan.

"There were two factors contributing to the electricity tariff rebate," said Minister of Energy, Green Technology and Water (KeTTHA) minister Datuk Seri Dr Maximus Johnity Ongkili at the announcement, today.

"The first being the decrease in liquefied natural gas (LNG) and coal prices in the world market, and better efficiency of coal power plants that had contributed for lower generation cost."

“Another major factor in the review of the Imbalance Cost Pass-Through (ICPT) mechanism is the government's efforts to reduce the fuel subsidy, which took into account the revision of piped natural gas cost.

"Hence, the subsidised price of piped natural gas in the peninsular will be increased by RM1.50/MMBtu from RM18.20/MMBtu to RM19.70/MMBtu, with effect this Friday."

 

Source - New Straits Times