01/07/2023
On 23 June 2023, the Government of Malaysia announced a total subsidy allocation of RM5.2 billion for the next ICPT implementation period from 1 July 2023 until 31 December 2023 to protect ~99% of TNB customers in Peninsular Malaysia from the impact of higher fuel costs which accounts for 65% of the electricity bill.
In your electricity bill, ICPT is a mechanism that is approved by the Government and implemented since 2014 to reflect changes in the cost of electricity generation, specifically fuel costs every six (6) months. For your reference, the electricity tariff schedule in Peninsular Malaysia is unchanged since 2014.
Concurrently, the Government of Malaysia has also decided to introduce targeted subsidy scheme for ICPT implementation period from 1 July 2023 until 31 December 2023. With the implementation of the targeted subsidy scheme:
The ICPT rates for the period of six (6) months from 1 July 2023 to 31 December 2023 according to customer categories and tariff type are as follows: