PUTRAJAYA — Domestic users in Peninsular Malaysia with a monthly electricity consumption of 1,500-kilowatt hour (kWh) and below will not experience an increase in tariffs following the electricity tariff adjustment from July 1 to Dec 31, under the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism.

Natural Resources, Environment and Climate Change (NRECC) Minister Nik Nazmi Nik Ahmad said this covers 99% of domestic users in Peninsular Malaysia.

“This means the electricity rebate of two cents/kWJ given currently stays,” he told a press conference here today.

ICPT refers to a mechanism under the Incentive-Based Regulation (IBR) that allows fuel costs to be adjusted every six months based on global fuel price fluctuations.

Nik Nazmi said the government agreed to cover the electricity subsidy cost under the ICPT for the period of July 1 to Dec 31, 2023, amounting to RM5.2 billion. – Bernama