KUALA LUMPUR: The improve in coal costs has prompted the associated fee of generating electricity to extend by 45 per cent, mentioned Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan right now.
He mentioned, nevertheless, the federal government had determined to offer a rebate of two sen per kilowatt-hour for home customers from February to June 2022.
“The authorities covers a subsidy of RM715 million utilizing funds from the Kumpulan Wang Industri Elektrik. We don’t impose any surcharge although it needs to be launched to customers,” he mentioned when winding up the controversy on the movement of thanks for the Royal Address for the Ministry of Energy and Natural Resources (KETSA) in Parliament right now.
Takiyuddin mentioned that between July and December 2021, a complete of RM1.672 billion had been spent on gas purchases for electricity technology, which ought to have been launched to customers for the interval from February to June 2022.
“With the sharp rise in coal costs within the international market, the precise coal value has reached US$105.09 per tonne in comparison with the projected value in 2021 of solely US$67.45 per tonne.
“It means a rise in gas costs of US$37.64 per tonne. This is why the imbalance value pass-through (ICPT) mechanism has to launch prices to industrial and industrial customers with a surcharge of 3.70 sen per kilowatt-hour,” he added.
Takiyuddin mentioned industrial and industrial customers had been inspired to discover the potential of photo voltaic power via the set up of solar energy programs for their very own use by taking part in a programme below KETSA, specifically the Clean Energy Metering Scheme 3.0.
“The ministry additionally advises industrial gamers to practise the environment friendly use of electricity by utilizing tools categorised as four-star and five-star licensed by the Energy Commission,” he mentioned. – Bernama
