EV house owners might need to pay extra to cost their electrical vehicles at residence as the brand new ICPT scheme for the second half of 2023 has been introduced. Payments with greater than 1,500 kWh a month of utilization will obtain a surcharge of RM0.10 per kWh, which represents a complete improve of RM0.12 in comparison with the RM0.02 rebate acquired beforehand.
This implies the very best residential tariff of RM0.571 per kWh which we sometimes use to calculate residential EV charging prices is now successfully RM0.671 per kWh.
We sometimes use the RM0.571 fee as a result of EVs are usually costly gadgets which might be utilized in households which have residential electrical energy utilization above the 901 kWh vary month-to-month, during which the very best residential tariff applies.
Nevertheless, do bear in mind this RM0.10 per kWh surcharge doesn’t simply apply to utilization above 1,500 kWh. As soon as you utilize greater than 1,500 kWh, the surcharge applies to your total TNB invoice.
Thus in case your utilization is presently slightly below the restrict, including an EV to your family may improve your electrical energy invoice considerably, far more than simply the electrical energy your EV consumes. The price of electrical energy for every part else will go up as nicely.
The surcharge is estimated to have an effect on roughly 83,000 customers. For everybody else with utilization beneath 1,500 kWh a month, the RM0.02 ICPT rebate that was beforehand obtainable continues to be in impact.
In keeping with the federal government, the common gasoline price for the 1H 2023 interval was USD173.50 per metric tonne, decreased from USD224 per metric tonne in 2H 2022 which was used to calculate the earlier ICPT fee.
As well as, the federal government additionally introduced it could be revising the photo voltaic PV Web Power Metering (NEM) scheme for residential homes to be much less restrictive in comparison with the present 10 kW restrict for 3-phase provide and 4 kW for single section provide, however no additional particulars on that but.
ICPT is principally a mechanism to evaluate the electrical energy tariff each six months to take note of fluctuating gasoline pricing, which contributes to 65% of the fee element of the electrical energy tariff. It’s revised each six months primarily based on the six months interval earlier than it, thus this new ICPT surcharge for the second half of 2023 was primarily based on gasoline costs within the first half of 2023.