KUALA LUMPUR: There will be no increase in basic electricity tariff for the July 1 to Dec 31 period as the government has agreed to fund the rebate of two sen/kWh involving an allocation of RM493 million, said Energy and Natural Resources Minister Datuk Seri Dr Shamsul Anuar Nasarah.
He said the granting of the rebate with allocations from the Electricity Industry Fund (KWIE) has maintained the basic electricity tariff at 39.45 sen/kWh, benefiting an estimated 9.44 million consumers.
He said in line with the implementation of the electricity tariff setting mechanism in the Peninsula in 2014, power generation cost had to be adjusted every six months using the Imbalance Cost Pass Through (ICPT) mechanism, and for the July 1 to Dec 31, 2021 period, the ICPT cost adjustment totalled RM638.98 million.
"The increase in ICPT cost was due to a rise in costs of gas and coal supply for the January to June 2021 period. This means the electricity rebate rate which can be passed to consumers is 1.13 sen/kWh, compared to the rebate rate for January to June 2021 at two sen/kWh.
"Considering the challenges and difficulties faced by the rakyat following the implementation of the Movement Control Order to curb the spread of COVID-19, the government has agreed to finance the granting of an additional rebate of 0.87 sen/kWh so that electricity tariff will not increase and will stay at the present rate," he told a virtual press conference here today.
He said the granting of this additional rebate would enable all Tenaga Nasional Berhad (TNB) account holders to enjoy an average discount of five per cent for the July 1 to Dec 31, 2021 period.
Shamsul Anuar said for consumers in the Kulim High Technology Park (KHTP) getting their electricity supply from NUR Power Sdn Bhd, the government has agreed to give a rebate of two sen/kWh to non-domestic consumers for the period of July 1 to Dec 31, 2021.
"This is the first time non-domestic consumers in KHTP will be enjoying electricity rebate since the tariff fixing mechanism under the Incentive-Based Regulations was implemented in 2017.
"The rebate is being granted following a drop in the price of gas fuel and bulk electricity supply for TNB in the first half of 2021 and savings from the actual fuel cost adjustment for the period of July to December 2020," he said.
Shamsul Anuar said the government had also agreed to give discounts on electricity bills on a targeted basis to domestic and non-domestic consumers for the July to September 2021 period in the Peninsula and Sabah, and this matter will be announced by Prime Minister Tan Sri Muhyiddin Yassin.
SHAMSUL-TARIFF 3 (LAST) KUALA LUMPUR
Apart from this, the hardcore poor earning RM1,169 and below who are registered in the Sistem e-Kasih are eligible for a RM40 rebate in their electricity bills, he added.
"As at May 2021, the number of eligible household heads (KIR) is 282,182. However, only 113,745 or 40.31 per cent of the eligible KIR have updated the account numbers for their electricity bills.
"Therefore, I urge all who are eligible to update their account numbers with the utility authority to enable them to enjoy this electricity bill rebate," he said.
-- BERNAMA
Bernama
Mon Jun 28 2021
Shamsul Anuar said the granting of this additional rebate would enable all Tenaga Nasional Berhad (TNB) account holders to enjoy an average discount of five per cent for the July 1 to Dec 31, 2021 period. Filepic/BERNAMA
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.