Electricity rebate extended till Dec 31, says Takiyuddin

KUALA LUMPUR: Domestic users will continue to enjoy a two sen per kilowatt hour (kWh) electricity rebate until year-end as the government has agreed to foot a subsidy bill of over RM5bil for the second half of the year.

Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan (pic) told the Dewan Rakyat on Wednesday (July 20) that the surcharge for non-domestic users will continue to be at 3.70 sen/kWh, which is lower than the actual rate of Imbalance Cost Pass-Through (ICPT) which is at 11.81 sen/kWh.

“On that note, all users in Peninsular will continue to pay the electric bill at the same rate as the first six months of the year based on their utilisation,” he said during the oral and question and answer time.

Takiyuddin (PN-Kota Baru) said the ICPT is reviewed every six months taking into account the fuel and generation cost for the previous six months.

He said the government agreed to foot the subsidies bill of RM5.8bil from July 1 to Dec 31, 2022, despite the exponential increase in fuel cost in the global market.

Takiyuddin was responding to a question by Abdul Latiff Abdul Rahman (PN-Kuala Krai) on the measures taken by the government to protect the people from the impact of the global energy crisis which has led to a hike in fuel costs.