Electricity industry fund started during BN’s time, Najib reminds Yeo

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Najib Razak asks former energy minister Yeo Bee Yin why Pakatan Harapan did not reduce electricity tariffs after GE14.PETALING JAYA: Najib Razak has hit back at Yeo Bee Yin after the former energy, science, technology, environment and climate change minister said Umno should not claim credit for handing out savings to electricity users. Last night, when proposing that consumers be given rebates from savings in energy costs, Yeo suggested it could be financed by the Kumpulan Wang Industri Elektrik (KWIE) fund. She said the Perikatan Nasional government had the funds to do so thanks to the Imbalance-Cost-Past-Through (ICPT) and Incentive-Based-Regulation (IBR) implemented by the former Pakatan Harapan administration. Yeo also said that when she was minister, the government decided to increase the KWIE fund to be used during times like this to ease the burden of the people and stabi…