Government Continues to Uphold ICPT Mechanism
The Government continues to uphold the Imbalance Cost Pass Through (ICPT) mechanism for the next six months from 1 July until 31 December 2022.
The Prime Minister had on 24 June 2022 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 released 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. The Government has agreed to fund the rebate and surcharge totaling RM5.8 billion.
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