ICPT

Nik Nazmi Nik Ahmad said the decision on the new tariff was based on the benchmark for setting the retail price of green electricity supply.

This means the electricity rebate of two cents/kWJ given currently stays, Nik Nazmi Nik Ahmad said.

The cost of electricity tariff adjustment through the ICPT mechanism from the period of July to December 2022 is estimated to reach almost RM20 billion.

Takiyuddin said KeTSA plans to prioritise the use of least cost fuel dispatch for electricity generation as a long-term mitigation plan.

Domestic and non-domestic electricity consumers in Peninsular Malaysia won't be hit by higher bills as there will be no change to the imbalance cost pass-through (ICPT) from July 1, 2022-Dec 31, 2022.

In a statement today, TNB announced that the discounts ranging from five to 40 per cent will benefit 7.4 million domestic consumers.

Shamsul said maintaining the basic electricity tariff at 39.45 sen/kWh benefits an estimated 9.44 million consumers.

The decision not to raise the tariffs under the Imbalance Cost Pass-Through (ICPT) review period was made at a Cabinet meeting on Wednesday.

The ICPT cost increase will be absorbed through government savings derived from the renegotiation of the PPAs with the first generation IPPs.

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.

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.

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.

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.

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.