KUALA LUMPUR: The cost of electricity tariff adjustment through the Imbalance Cost Pass-Through (ICPT) mechanism from July to December this year is estimated to reach almost RM20bil, the Dewan Negara heard.Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan said the amount was three times higher than the RM7bil recorded from January to June this year.
“Just imagine, RM7bil equals an ICPT surcharge of 11.81 sen/kWh (which should be imposed on all users). If the amount reaches almost RM20bil, the government is taking a cautious approach.
“We are looking into ways to address this, including through the provision of targeted (energy) subsidies in the future,” he said during the question-and-answer session, reported Bernama.
He said this in reply to a supplementary question from Senator Dr Wan Martina Wan Yusoff.
She wanted to know the measures taken to help people face the global energy crisis.
Responding to Wan Martina’s original question on measures that have been taken to ensure that there is no increase in electricity tariffs, Takiyuddin said one of the efforts was prioritising the use of least cost fuel dispatch for electricity generation.
