THE government will maintain the electricity tariff for domestic consumers for the first six months of 2020, while the surcharge for commercial and industrial users will be reduced.
Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin (picture) said the Cabinet had agreed to set the rates for the period of Jan 1 to June 30 next year, based on the incentive-based regulations (IBR) mechanism. “This is the 18th consecutive month of no hike in surcharge for domestic consumers,” she told the Dewan Rakyat yesterday.
Yeo said a total of RM62.95 million from the Electricity Industry Fund will be used to cover the imbalance cost pass-through (ICPT) surcharge so that it will not be imposed on domestic consumers.
In this regard, the effective electricity tariff rate will be maintained at 39.45 sen per kWh.
