Will buying an electric car cause your entire TNB bill to be hit with the RM0.10 per kWh ICPT surcharge? - paultan.org
On the subject of electric vehicles in Malaysia, we bring you an interesting collection of stories. Paul Tan is the writer and the blog post was published on 25 June 2023 at 11:05 am. There are currently nine comments on the page.
The major news yesterday was about a new ICPT rate for the latter half of 2023. Most people in the country will still receive an ICPT discount of RM0.02. However, if you use over 1,500 kWh per month, this discount will turn into an extra charge of RM0.10. This means an increase of 12 sen. The extra charge will apply to your entire bill, not just the kWh you use above the limit of 1,500 kWh per month.
If you usually pay less than 1,500 kWh a month, then don't stress over this announcement. However, if your bill consistently falls within the range of 1,200-1,300 kWh every month and you were contemplating purchasing an electric car which you hope to charge at home, you may be curious to know whether this would put your bill over the 1,500 kWh threshold.
That's why we have developed a straightforward calculator for calculating EV energy consumption. You just have to enter how many kilometers you drive per month, your EV's energy efficiency (we've set it to 17 by default), and your current TNB bill, before including the cost of charging your EV. This tool will help you make an informed decision.
The image shared illustrates a person with a TNB electricity bill of 1,000 kWh. This individual intends to travel 2,500 kilometers every month using an electric vehicle that needs 17 kWh for every 100 kilometers covered. Based on this situation, the expected TNB energy consumption after the road trips will be approximately 1,425 kWh, which is below the 1,500 kWh cap that attracts an extra fee.
However, in this alternate scenario, the individual's current TNB invoice typically involves the use of 1,300 kWh. If they were to purchase the identical EV, their electricity usage would increase to 1,725 kWh, leading to the imposition of an additional charge.
It's important to be aware that the extra fee is added to the entire bill and not solely based on the electricity consumed once exceeding 1,500 kWh. In this specific scenario where the usage is 1,725 kWh, the difference is 225 kWh. Therefore, the surcharge will lead to an increase of RM172.50 on the bill, not RM22.50.
If you use up 1,501 kWh of energy, it's not good news. That last kilowatt-hour you use will end up being extremely costly as it will add an additional RM150.10 to your total bill.
We believe that this could decrease the sales opportunities for budget-friendly electric vehicles like Neta V and the upcoming BYD Dolphin, which are only beginning to enter the market. People who purchase these types of electric vehicles might be more affected by changes in electricity prices. They might ask themselves why they should take the chance of switching to an electric vehicle when there isn't a similar subsidy system for purchasing gasoline.
We believe that this information will assist you in comprehending the influence of an electric vehicle on your TNB bill in light of the latest ICPT tariff, which includes a "1,500 kWh" transition threshold.
Select the link to access the consumption calculator for electric vehicles.
Having experimented with the IT field for a considerable time, Paul Tan started this website as a miscellaneous blog discussing different subjects he enjoyed. As more and more individuals became engrossed in his articles about automobiles, events unfolded, and the outcome is widely recognized.
