Higher electricity tariffs for high-consumption households in Malaysia: Will EV charging be more expensive?

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KUALA LUMPUR, June 27 ― On Friday, the government announced an electricity tariff adjustment as part of its Imbalance Cost Pass-Through (ICPT) mechanism for the second half of...

KUALA LUMPUR, June 27 ― On Friday, the government announced anas part of its Imbalance Cost Pass-Through mechanism for the second half of 2023. Chief among the changes is a stinging 10 sen per kWh surcharge for domestic users who consume more than 1,500kWh per month, equivalent to a bill of RM708.

The surcharge will only apply to the months in which a household’s power consumption exceeds 1,500kWh. Those that manage to lower their consumption to below that figure will not only be spared the surcharge, but they will also get back the 2 sen per kWh rebate, which those who consume less than 1,500kWh will continue to enjoy.

He added that the average price of coal remains high, exceeding the projected fuel cost of US$79 per metric tonne set in Regulatory Period 3 , There are two caveats to the study. The first is that this study was conducted back in 2017, and the actual average will have likely gone up since then, due to consumers purchasing new and more powerful appliances and gadgets. It also only polled households in Kajang and Putrajaya; consumers in areas like Petaling Jaya and central Kuala Lumpur would’ve probably recorded higher power consumption.

 

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