KUALA LUMPUR: Commercial and industrial users will be exempted from paying the Imbalance Cost Pass-Through (ICPT) surcharge in the second half of the year while domestic users will continue to pay no surcharge.
The Energy Commission (EC) said the government had decided to continue implementing the ICPT mechanism for the period of July 1 to Dec 31,2020, by trimming the surcharge for non-domestic users from two sen per kWh to 0 sen per kWh.
Meanwhile, residential customers would continue to be exempted from a surcharge, it said.
“The decision was made following the decline in the actual costs of coal for the January-June 2020 period, ” the EC said in a statement yesterday.
The ICPT mechanism is part of a wider regulatory reform called the Incentive-Based Regulation (IBR) to determine and streamline electricity tariff in Peninsular Malaysia.
It allows Tenaga Nasional Bhd to reflect changes in fuel and other generation-related costs in the electricity tariff every six months in the form of rebate or surcharge. — Bernama
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