Latest news with #Incentive-BasedRegulation
The Star
2 days ago
- Business
- The Star
No electricity surcharge for Sabah, Labuan
KOTA KINABALU: Electricity users in Sabah and Labuan will not face any surcharge from July to December, following the state government's decision to implement the Imbalance Cost Pass-Through (ICPT) mechanism. The Energy Commission of Sabah said this latest implementation will benefit all electricity users, including those under public distribution licenses. It ensures that electricity bills in Sabah and Labuan will remain unchanged for the six months. The commission added that the move is based on stable and controlled power generation costs, which do not require the imposition of a surcharge on any category of users. The ICPT mechanism falls under the Incentive-Based Regulation framework, which allows for a tariff review every six months. 'This review reflects the difference between actual and projected generation costs, as approved during the regulatory period by the state government,' the statement said.
Daily Express
2 days ago
- Business
- Daily Express
No electricity surcharge till end of year: ECoS
Published on: Thursday, June 12, 2025 Published on: Thu, Jun 12, 2025 Text Size: This means there will be no increase in electricity bills for any users in Sabah during the six-month period. Kota Kinabalu: The State Government has approved the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism for the period of July to December 2025, which will exempt all electricity users in Sabah and the Federal Territory of Labuan from any surcharge. The decision was made based on controlled generation costs, which do not necessitate the imposition of a surcharge on certain consumers, as was done previously, said the Energy Commission of Sabah (ECoS), in a statement, Wednesday. Advertisement The ICPT is a mechanism under the Incentive-Based Regulation (IBR) framework that allows for a review of electricity tariffs every six months, based on actual generation costs compared to projected costs during the regulatory period approved by the State Government. This implementation will benefit all consumers, including those under Public Distribution Licensees. This means there will be no increase in electricity bills for any users in Sabah during the six-month period. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
2 days ago
- Business
- Daily Express
No electricity surcharge for Sabah, Labuan users from July to December
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 Text Size: For illustrative purposes only. KOTA KINABALU: All electricity users in Sabah and Labuan will not be subjected to any surcharge from July to December this year. The State Government has approved the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism for the second half of 2025. Advertisement This decision was made as power generation costs remain manageable, eliminating the need for targeted surcharges imposed in previous periods. The ICPT, part of the Incentive-Based Regulation (IBR) framework, allows for biannual tariff reviews based on actual generation costs compared to projected figures under the approved Regulatory Period. The move will benefit all consumers, including those under public distribution licensees, ensuring no increase in electricity bills during the six months. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
2 days ago
- Business
- The Star
No electricity surcharge for Sabah, Labuan users until year-end
KOTA KINABALU: All electricity users in Sabah and the Federal Territory of Labuan will not face any surcharge from July to December 2025, following the state government's decision to implement the Imbalance Cost Pass-Through (ICPT) mechanism for the six-month period. The move, approved by the Sabah government, is based on stable and controlled power generation costs, which do not require the imposition of a surcharge on any category of users, unlike in previous review cycles. The ICPT mechanism falls under the Incentive-Based Regulation (IBR) framework, which allows for a tariff review every six months. 'This review reflects the difference between actual and projected generation costs, as approved during the regulatory period by the State Government,' said Energy Commission of Sabah (ECoS) in a statement on Wednesday (June 11). According to the statement, this latest implementation will benefit all electricity users, including those under public distribution licensees. It ensures that electricity bills in Sabah and Labuan will remain unchanged throughout the six-month period. The decision is expected to provide continued financial relief to households and businesses alike amid cost-of-living pressures.
Borneo Post
2 days ago
- Business
- Borneo Post
Sabah, Labuan electricity users exempt from surcharges for second half of 2025
KOTA KINABALU (June 11): The State Government has approved the implementation of the Imbalance Cost Pass-Through (ICPT) mechanism for the period from July to December 2025, which will exempt all electricity users in Sabah and Labuan from surcharges. The decision was made based on controlled generation costs that do not require imposing surcharges on certain users, as was done previously. ICPT is a mechanism under the Incentive-Based Regulation (IBR) for reviewing electricity tariffs every six months due to changes in actual generation costs compared to projections for the regulatory period approved by the State Government under the IBR framework. This implementation will benefit all users, including those under the Licensed Public Distribution. This means there will be no increase in electricity bills for all consumers in Sabah during this six-month period.
