PUTRAJAYA, Dec 8 – The government announced today that the amid of the rising coal prices will be maintain at the current electricity tariffs for peninsular Malaysia, Sabah and the Federal Territory of Labuan, at least for the first six months of next year.
The Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili at Putrajaya here today said the rebate for Sabah and Labuan will remain the same at 1.20 sen/kWh. He said consumers in the peninsula will see a cut in their rebates from 2.25 sen/kWh to 1.52 sen/kWh.
“Despite the increased coal prices following the ringgit slump in Peninsula Malaysia. The government is still will remain the same as the current period, at an average of 38.53 sen/kWh for the peninsula and 33.32 sen/kWh for Sabah and Labuan. The cost savings of RM762.03 million from the July to December 2015 Imbalance Cost Pass-Through (ICPT), which calculates changes in fuel and power generation costs,” he said.
“The saving is obtained from the reduction in the global liquefied natural gas (LNG) market price as well as the increase in efficiency of gas and coal plants. For Sabah and Labuan, the tariff reduction can be maintained because of the fall in global crude oil prices,” he told a press conference here today.
