PETALING JAYA: The two sen per kilowatt hour discount for all holders of Tenaga Nasional Bhd (TNB) will be maintained for an additional six months, the government said.
The move aims to help more Malaysians during the Covid-19 pandemic, he added.
That means the two sen per kilowatt hour discount will take effect for all TNB account holders from July 1 to December 31 of this year, the Minister of Energy and Natural Resources said.
Datuk Dr Shamsul Anuar Nasarah said 9.44 million TNB account holders will benefit from this extension, which he said involved an additional allocation of RM 493 million from Kumpulan Wang Industri Elektrik.
“The additional discount will allow all TNB account holders to enjoy an average 5% discount during this period,” he said at a press conference held via Zoom yesterday.
In line with the implementation of the Electricity Tariff Mechanism in Peninsular Malaysia since 2014, he said that adjustments to the electricity generation costs should be implemented every six months through the transfer mechanism. equilibrium costs (ICPT).
Shamsul Anuar said that for the period July 1 to December 31 of this year, the cost of ICPT was RM 638.98 million.
“This means that the rebate rate for electricity that can be distributed to consumers is 1.13 sen kilowatts per hour compared to the rebate period from January to June of this year, which was two sen per kilowatt.
“The increase in the costs of the ICPT is due to the increase in the cost of gas and coal supply during this period,” he added.
Shamsul Anuar said non-domestic account holders at Kulim High Technology Park (KHTP), whose electricity is provided by NUR Power Sdn Bhd, will receive a discount of two sen per kilowatt from July 1 to December 31 of this year.
“This is the first time that a non-domestic user of KHTP has benefited from electricity discounts since the implementation of the incentive regulation pricing mechanism in 2017.
“This discount is being implemented because there is a drop in fuel and gas prices, TNB’s bulk electricity supply in the first half of 2021, and savings resulting from actual fuel cost adjustments from July to December of last year, “he added.
Shamsul Anuar also said that unconditional poor with an income of less than RM 1,169 per month who are registered in the e-Kasih system will be entitled to an electricity rebate of RM 40.
The first discount of two sen per kilowatt hour for all TNB account holders was announced on December 23 of last year and went into effect on January 1 of this year.