Malaysians will enjoy a rebate on their power usage from January 1 to June 30 next year, says Tenaga Nasional Bhd.
On Wednesday, the state energy provider announced a rebate of 1.52 sen per KwH for nearly all consumers, citing lower fuel and generation costs.
The imbalance cost pass-through (ICPT) rebate would benefit all consumers except households with consumption of 300kWh and below, TNB was quoted as saying in a report by English-language daily The Star.
ICPT is mechanism implemented by the Energy Commission since January 1, 2014. It allows TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six months, subject to government decision and approval.