In a statement to Bursa Malaysia, the utilities company said among the key characteristics of the new tariff structure is: for domestic consumers the rate for monthly consumption of up to 200 kWh (Lifeline Band) is maintained at a subsidised rate of 21.8 sen per kWh.
“For consumers using 300 kWh per month and below, the rate is maintained at 33.4 sen per kWh,” said TNB.
“Hence, no tariff increase to 70.7% of the household consumers that is 4.6 million consumers.”
The electricity rebate by the government for domestic consumers will be maintained, TNB said, but eligible on a monthly bill of RM20 or lower.
As for commercial consumers, they will experience an average increase of 16.85%, which ranges from 1.2% to about 18%.
Industrial consumers on the other hand will experience an average increase of 16.85%, which ranges from 0.9% to about 17%.
TNB said among the reasons for revising electricity tariff was due to the adjustment of domestic gas price to RM15.20 per MMBtu from RM13.70 MMBtu.
It said the tariff hike is also attributed to the price of imported liquefied natural gas fixed at RM41.68 per MMBtu.
In another separate statement, TNB said the trading of its shares will resume with effect from 9 am tomorrow (Dec 3, 2013). It suspended the trading of its share from 2.30 pm today.
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