PUTRAJAYA, Dec 22 — A total of 85 per cent or seven million domestic consumers in Peninsular Malaysia will not be affected by the electricity tariff adjustment for the Jan 1 to June 30, 2024 period, implemented under the Imbalance Cost Pass-Through (ICPT) mechanism, the Energy Commission (ST) said.
In a statement issued here today, ST said this follows the government’s decision to maintain the rebate of 2 sen/kilowatt-hour(kWh) for users with a monthly electricity consumption of 600kWh and below.
For consumers with a monthly electricity consumption exceeding 600kWh until 1,500kWh, no surcharge will be imposed while the surcharge is maintained at 10 sen/kWh for consumers with a monthly consumption exceeding 1,500kWh.
“In this connection, a total of 99 per cent or 8.2 million domestic consumers will still receive subsidies from the government,” the statement said.
ICPT refers to a mechanism under the Incentive-Based Regulation (IBR), which allows fuel costs to be adjusted every six months based on fluctuations in global fuel prices.
