KOTA KINABALU: There will be no increase in electricity tariffs for peninsular Malaysia, Sabah and Labuan until the end of the year, says Datuk Seri Dr Maximus Ongkili (pic).
The Energy, Green Technology and Water Minister said power tariffs in the peninsula was to be retained at 38.53 sen/kWh while the rate for Sabah and Labuan was also maintained at 34.52 sen/kWh.
However, the Kulim High Tech Park, which has a different power supplier, will have its tariff reviewed and an announcement be made by the Electricity Commission soon.
He said the Government decided to maintain the tariffs despite a 2.4% increase in fuel and power generation costs compared to the basic tariff between January and June this year in the peninsula.
He said a Cabinet meeting decided on June 21 to spend RM1.303bil to cushion the increase in fuel and power generation costs for consumers over the next six months.
The Government subsidy of RM1.303bil were savings from the renegotiation of power purchase agreements with first-generation independent power producers.
"What we have done is to pass on whatever savings we achieved to consumers so that we can maintain the existing tariffs," said Ongkili.
Ongkili said the adjustment of electricity tariffs under the Imbalance Cost Pass-Through Mechanism (ICPT) had enabled consumers to enjoy a total rebate of RM5.403bil in peninsular Malaysia.
He said consumers in Sabah and Labuan would enjoy rebates totalling RM196.26mil from March 2015 until December 2017.
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