TNB To Maintain 3.7 Sen Surcharge For Non Domestic Customers

During the recent announcement on tariff for electricity, the Government had decided to continue to uphold the Imbalance Cost Pass Through (ICPT) mechanism for the next six months from 1 July until 31 December 2022.

Prime Minister Datuk Seri Ismail Sabri had announced the implementation of the ICPT mechanism for the second half of 2022, consistent with the timely implementation under the incentive Based Regulation (IBR) framework. The Energy Commission followed up with a statement that the tariff remains and to maintain the surcharge at 3.7sen/kWh for non-domestic customers and the rebate of 2 sen/kWh for domestic customers. Accordingly, the Government will fund the rebate and surcharge totaling RM5.8 billion.

TNB added that the recent hike of the fuel prices has resulted in it carrying higher than usual receivables balances however the group said it is managing closely the receivables. The recent announcement in upholding the ICPT mechanism will amount to a total subsidy of RM11.7 billion through sixteen cycles since 2015.

TNB added it is confident in the Government’s commitment to the ICPT mechanism and the full recovery of additional generation costs.

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