Friday 29 Mar 2024
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KUALA LUMPUR (March 27): Following the government’s announcement today that Malaysian households and businesses will get tiered rebates for six months on their electricity bills — based on usage — Tenaga Nasional Bhd has set aside RM150 million to implement the initiative, which will take effect on April 1.

The rebates will be reflected in electricity bills from May, it said in a statement today.

Earlier today, Prime Minister Tan Sri Muhyiddin Yassin announced the tiered rebate for electricity bills of between 15% and 50% for domestic users in Peninsular Malaysia.

"Almost 90% of residential consumers in Peninsular Malaysia will automatically receive the rebate with effect from April 1 until Sept 30, while those among the B40 group will benefit the most with a rebate rate of 50%," TNB said.

According to TNB, under the tiered rebate system, three million domestic consumers (with monthly consumption of below 200kWh) will receive a 50% rebate, while 1.5 million consumers (with monthly consumption between 201kWh and 300kWh) will get a 25% rebate.
Another 2.2 million consumers (with monthly consumption between 301kWh and 600kWh) will get a 15% rebate.

The reduced electricity bills will be jointly subsidised by the government, TNB as well as funds from the Kumpulan Wang Industri Elektrik (KWIE), it said.

“The slowdown in economic activity will be exacerbated by the extended movement control order (MCO), and further impact those who are already struggling in this current situation.

"As an organisation that continues to have the rakyat at heart, TNB is fully supportive of the government’s effort to provide some relief to households that need it the most, and is committed to channel funds towards initiatives that can directly assist the rakyat,” said TNB president and chief executive officer Datuk Seri Amir Hamzah Azizan.

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