Wednesday 11 February 2015

Lower electricity tariff from March 1 in Peninsular Malaysia

From March, those in the Peninsular can save anything between RM13.50 to RM45 on their electricity bills.

KUALA LUMPUR: Those is Peninsular Malaysia will enjoy a lower electricity tariff rate beginning next month, Tenaga Nasional Berhad (TNB) said today.

In their official Twitter account, the electric utility company said they will reduce the tariff by 2.25 sen per kilowatt hour (kWh).

Beginning March 1 until June 30, 2015, the new tariff will reduce from 38.53 sen to 36.28 sen.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili confirmed the matter by stating that the Cabinet on Wednesday had decided to reduce the electricity tariff rate to 2.25 sen/kWh for consumers in Peninsular Malaysia beginning March 1 until June 30, 2015 based on the imbalance cost pass-through (ICPT) mechanism.

Using the ICPT mechanism, domestic consumers will in March enjoy a lower monthly electricity bill, saving anything between RM13.50 to RM45.

Last week, various authorities had urged TNB to reduce its tariff rate based on the current global crude oil price.

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), through its president, Datuk Lim Kok Cheong had said electricity is one of the most important components used by local businesses and foreign investors. 

- Source: Astro Awani

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