No hike in electricity tariffs, says TNB

KUALA LUMPUR: The government has approved the current electricity tariff schedule for Peninsular Malaysia to be maintained for Jan 1, 2018, to Dec 31, 2020.

Tenaga Nasional Bhd (TNB) also said the government has agreed to provide RM929.37mil for the subsidy and rebate of 1.80sen/kWh for the period of Jan 1 to June 30, 2018. 

"This includes 0.28 sen/kWh of surcharge from additional cost of generation and 1.52 sen/kWh to continue the current Imbalance Cost Past Through (ICPT) rebate for the electricity customers," said the national power utility company.

However, TNB added that the 1.52 sen/kWh ICPT rebate will not be made available to domestic consumers with a monthly consumption of 300 kWh and below.

For other users, this means they will pay the same rate for their electricity usage for the period of Jan 1 to June 30, 2018.

"In total, the Government has approved RM6.332 billion of total rebate to the electricity customers in Peninsular Malaysia over the period of March 2015 until June 2018," said TNB.

In the same announcement, the energy major assured its customers that they would continue to benefit from reliable electricity supply as it further developed advanced technological infrastructure and other support programmes.

These include the development of advanced metering infrastructure (AMI), fibre optic networks, efficient LED street lighting, solar projects in public universities, and education programmes as part of its corporate social responsibility initiatives.