Power tariffs reduced from March 1

PUTRAJAYA: The power tariff for consumers in Peninsular Malaysia will be reduced by 2.25 sen/kWh from Mar 1 to June 30 this year.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili said the decision was made at the Cabinet meeting on Wednesday after it was informed that the cost of Imbalance Cost Pass-Through (ICPT) savings could be passed on to consumers in the form of cheaper tariff amounting to RM726.99mil after taking into account the drop in global fuel prices and generation costs.