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Friday, June 29, 2018

Increase in surcharge for electricity from July 1

KUALA LUMPUR - Companies will have to pay more for their power supply from July 1 to December 2018 following the implementation of a surcharge of 1.35 sen per kWh due to higher fuel and generation costs.

Tenaga Nasional Bhd said on Friday that households would not be affected by the surcharge under the imbalance cost pass-through (ICPT) mechanism.

The power giant said the government had approved the continued implementation of the ICPT mechanism which allows TNB to reflect changes in fuel and generation costs in consumer’s electricity tariff every six months.

TNB explained the average base tariff remains unchanged at 39.45 sen/kWh. However, due to  the higher fuel and generation costs in January to June 30, the additional cost of RM698.19 million or 1.35 sen/kWh ICPT surcharge, will be pass-through via the ICPT mechanism.

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