PUTRAJAYA has agreed to maintain Tenaga Nasional Bhd’s (TNB) average base tariff at 39.45 sen per kilowatt hour for next year.

Energy and Natural Resources Minister Dr Shamsul Anuar Nasarah also said domestic and industrial customers will be able to enjoy electricity rebates of two sen kWh from January 1 to June 30, 2021.

He said with the rebate, 7.5 million domestic consumers would see a reduction of between 3.6% and 9.2% in their electricity bills, while commercial users would experience between 4% and 5.2% reduction in their bills.

Meanwhile, industrial users will see a reduction of between 4.6% and 6.1%, he said.

“The first rebate given since July 2018 will be enjoyed by all TNB electricity users, domestic and non-domestic.

“This measure is taken following the government’s decision to extend TNB’s Second Regulatory Period under the Incentive Based Regulation mechanism until December 31, 2021,” he said at the announcement of the new electricity tariff rate for 2021 in Kuala Lumpur today.

He said the government had also agreed to pass fuel cost savings to all TNB users following the drop in coal and gas prices in the second half of the year, in line with the implementation of the Imbalance Cost Pass Through mechanism from January 1 to June 30, 2021.

“The government hopes this rebate offer can help alleviate the cost of living and reduce the cost to run businesses affected by the Covid-19 pandemic,” he added. – Bernama, December 23, 2020.