INFO: IMBALANCE COST PASS-THROUGH (ICPT) FOR JULY- DECEMBER 2018
Dear Valued Customers,
We wishes to announce that Imbalance Cost Pass-Through (“ICPT”) implementation for the period of 1st July – 31st December 2018 are as follows:
(a) The average Base Tariff remain unchanged at 39.45 sen/kWh.
(b) Due to higher fuel and generation costs for the period of 1 January – 30 June 2018, the additional cost of RM698.19 million or 1.35 sen/kWh ICPT surcharge, will be pass-through via the ICPT mechanism:
(i) Domestic Customers* – not affected by the ICPT surcharge
Domestic customers with monthly consumption below 300kWh will not be affected by this ICPT implementation.
(ii) Non-Domestic Customers
An ICPT surcharge of 1.35 sen/kWh will be applicable.
FAQ on ICPT
For further information on ICPT, please refer to the FAQs below.
1) What is Imbalance Cost Pass Through (ICPT)?
The Imbalance Cost Pass Through (ICPT) is a rate that will be charged in your electricity bill based on your monthly consumption. The rate is determined by the Energy Commission, with approval from the Government, to accommodate for changes in electricity generation costs. The ICPT rate is reviewed every six months.
2) Will all customers be affected?
The ICPT will affect all customers except Domestic customers with consumption less than 300 kWh or equivalent to RM77.00 a month.
3) Why Domestic customers with monthly consumption of 300 kWh and below are not affected by this ICPT implementation?
i. This exception is due to the unchanged Domestic Tariff rate of 21.80 sen/kWh for the first 200 kWh since 1997 and
ii. Subsequent 100 kWh (201-300 kWh) has been maintained at 33.40 sen/kWh for the since 2009. Therefore, these customers are not qualified for ICPT on the basis that they have not been affected by the recent revisions of Tariff rate.
4) How will this affect my bill?
Depending on the ICPT rate, whether positive or negative, it will either increase or decrease your monthly bill. The rate is multiplied against your monthly consumption and the amount will be added to your current bill amount. For example, your monthly consumption is 500 kWh. This consumption is multiplied by the ICPT rate (0.0135 RM/kWH) which equals to RM6.75. Since it is a surcharge, RM6.75 will be included in your bill. The ICPT charge will appear in your bill items on months where ICPT rate is applied.
5) What is the ICPT rate that will be passed through to customer for the year 2018?
The ICPT rate for the period of 1st July – 31st December 2018 will be a surcharge of 1.35 sen/kWh
6) Do all customers receive the same ICPT rate?
Yes, all commercial and eligible domestic customers will receive the same rate. However, the rate is calculated based on your monthly consumption. Therefore, the amount varies from one customer to another, and from month to month, depending on the consumption of that month. Remember, if you wish to reduce the ICPT rate, do reduce your monthly consumption. Energy conservation is good practice for the benefit of us all.
7) Does Malakoff Utilities follow the same ICPT rate charged by Tenaga Nasional Berhad (TNB)?
Yes. Malakoff Utilities, as a licensed utility provider approved by Energy Commission, follow by the same guidelines and tariff set by EC and as followed by TNB.
8) How is the ICPT rate determined?
The Energy Commission (EC) of Malaysia determines the calculation and methodology of the ICPT, subject to Government approval on a biannual (twice a year) basis. The EC will calculate an estimate of actual cost and actual generation based on recent generation costs and compare it with the baseline costs determined in the current tariff rate.