PUTRAJAYA, Dec 22 — A total of 85 per cent, or seven million domestic consumers in Peninsular Malaysia, will not be affected by the electricity tariff adjustment for the January 1 to June 30, 2024 period, implemented under the Imbalance Cost Pass-Through (ICPT) mechanism.
The Energy Commission (ST) said this comes after the government decided to maintain the rebate of two sen/kilowatt-hour (kWh) for users with a monthly electricity consumption of 600 kWh and below.
For consumers with a monthly electricity consumption exceeding 600 kWh until 1,500 kWh, no surcharge will be imposed, while the surcharge is maintained at 10 sen/kWh for consumers with a monthly consumption exceeding 1,500 kWh.
“In this connection, a total of 99 per cent or 8.2 million domestic consumers will still receive subsidies from the government,” it said in a statement today.
ICPT refers to a mechanism under the Incentive-Based Regulation (IBR), which allows fuel costs to be adjusted every six months based on fluctuations in global fuel prices.
The ST said non-domestic users under the commercial and industrial low-voltage tariff category (tariff B and D), specific agricultural tariffs (tariff H, H1, and H2), and water and sanitation operators would not experience an increase in electricity tariff, with the ICPT surcharge maintained at 3.7 sen/kWh.
“For other non-domestic consumers, the surcharge remains at 17 sen/kWh,” it said.
Based on a retargeting of the subsidies, the government allocated RM1.9 billion in subsidies for all categories of consumers involved to minimise the impact of the ICPT surcharge throughout the implementation period.
The ST advised consumers to refer to their monthly electricity bills to monitor their electricity usage and the subsidies given.
For consumers who wish to estimate their monthly electricity bill costs in the future, it is recommended they use the electricity tariff calculator available at https://myelectricitybill.my/.
The electricity tariff adjustment under the ICPT mechanism implementation applies to all consumers in Peninsular Malaysia except those at the Kulim Hi-Tech Park in Kedah.
— Bernama
