Malaysian households will not be affected by the government’s move to continue with the Imbalance Cost Pass-Through (ICPT) surcharge for the period of July 1-Dec 31, 2018.
In a filing with Bursa Malaysia today, Tenaga Nasional Bhd (TNB) said non-domestic users, however, will have to pay more for their electricity, with a surcharge of 1.35 sen per kilowatt per hour (kWh), due to higher fuel and generation costs.
“Domestic customers with monthly consumption below 300kWh will not be affected by this ICPT implementation, but for those with monthly consumption above 300kWh, the ICPT surcharge will be funded by Kumpulan Wang Industri Elektrik,” it said.
Meanwhile, in a separate statement today, the Energy Commission said the electricity tariff rebate of 1.52 sen/kWh for users in Peninsular Malaysia and 1.20 sen/kWh for Sabah and the Federal Territory of Labuan would end on July 1.
“The government has also decided that the implementation of the Incentive-Based Regulation Framework (IBR) in Sabah and the Federal Territory of Labuan, which was supposed to start on July 1, 2018, will be deferred to Jan 1, 2019,” it said.
The IBR is a tariff-setting framework guided by the Electricity Tariff Regulatory Implementation Guidelines to ensure a sustainable electricity supply industry sector through efficient costs and fair returns with increased transparency.
Meanwhile, the ICPT is a mechanism under the IBR which allows TNB to reflect changes in fuel and generation costs in consumer's electricity tariff in the form of rebates or surcharge every six months, subject to the government's decision and approval.