Malaysia

Govt to continue with current electricity tariff effective tomorrow

TNB says it will also continue with implementation of Imbalance Cost Pass-Through mechanism

Updated 4 years ago · Published on 31 Dec 2021 8:04PM

Govt to continue with current electricity tariff effective tomorrow
Tenaga Nasional Bhd says the impact of the Imbalance Cost Pass-Through implementation, based on the Regulatory Implementation Guidelines, will not have any effect on its business operations and financial position. – Provenholding.com pic, December 31, 2021

KUALA LUMPUR – The government will continue with the current parameters of the Incentive-Based Regulation for the “regulatory period 2 extension”, and stick to the current electricity tariff schedule, effective from tomorrow until further notice.

It has also decided to continue with the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism and maintain an ICPT rebate of 2.00 sen/kWh currently implemented on all customers, including domestic customers with monthly consumption of 300 kWh and below, effective from tomorrow, until further notice, Tenaga Nasional Bhd (TNB) said in a filing to Bursa Malaysia.

“TNB also wishes to inform that the impact of ICPT implementation, based on the Regulatory Implementation Guidelines, is neutral on TNB and will not have any effect on its business operations and financial position,” it said.

Further details on the ICPT implementation can be obtained at the Energy Commission website.

Electricity customers also can estimate future ICPT impact using the ICPT Calculator available at www.myelectricitybill.my. – Bernama, December 31, 2021 

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