Boon for electricity consumers in times of crisis

IT was announced recently that from July to December 2021, the government will provide Imbalance Cost Pass-Through (ICPT) rebates to all electricity customers as part of relief measures during the Covid-19 pandemic. The ICPT rebate is set at 2sen/kWh and will be applicable for both domestic and non-domestic customers.

The ICPT mechanism is embedded in the Incentive-Based Regulation (IBR) Framework adopted by Tenaga Nasional Berhad (TNB) in early 2014 as part of the reform and modernisation initiatives of the electricity supply industry in ensuring a more efficient, structured and transparent tariff setting.