Maintaining Icpt Rate Will See Customers Bear Brunt Say Smes


 
William Ng said that Tenaga Nasional Bhd should be mandated to stick to a strict energy transition goal.PETALING JAYA: Customers will bear the brunt of the government’s decision to maintain the electricity surcharge rate for non-domestic users under the imbalance cost pass-through (ICPT) mechanism, coupled with the rising cost of manufacturing, says an organisation representing small and medium-sized enterprises (SME).
Chin Chee Seong of the SME Association of Malaysia said that Tenaga Nasional Bhd’s high ICPT charges on medium-voltage (MV) industrial users – which include many SMEs – has caused an increase in SMEs’ overall manufacturing cost.
Stay up-to-date by following FMT's Telegram channelFMT“If manufacturing costs are increased, (manufacturers) have to increase the selling price of goods. Naturally, the costs have to be passed down. Otherwise, most manufacturers would have to close down due to the rising costs.
“Without price increases, who is going to pay for it? The consumers have to pay for it,” he told FMT.
The association’s secretary-general said the government should support and help the nation’s SME industry grow by not imposing ICPT charges on MV-user SMEs like plastic bottle manufacturers, who consume a high amount of electricity.
“SMEs from the MV (user) category should be exempted from any imposition of ICPT charges to support such local industries with limited financial support, which are the backbone of our local industries,” he added.
However, William Ng, the president of the Small and Medium Enterprises Association, said that maintaining the ICPT rate for non-domestic users would not create any immediate effect on product pricing.
“But if these rates are not adjusted in tandem with global energy prices, it will have a cascading effect on our mid-term export pricing and our competitiveness as an investment destination,” he said.
“If we are serious about lowering the cost of living, one of the levers we can pull is to lower energy costs and reduce production costs so that the pressure on SMEs to adjust prices upwards can be relieved.”
TNB must focus on energy transition
Ng said that the ICPT was meant to be a temporary measure to address the spike in operational costs and not as a mechanism to guarantee TNB’s profitability.
He also said that TNB, having plenty of time to transition from coal usage and achieve better operational efficiency, should be mandated to stick to a strict energy transition goal.
Being a major player in energy generation and transmission, Ng said TNB should focus on operational efficiency and diversifying its business to achieve continued profitability, instead of passing additional costs directly to consumers.
“Coal prices have dropped by more than half against their peak a year ago, so we would have expected a drop of 30-40% in ICPT, translating to at least 15-20% in tariff savings for commercial users.
“Since the ICPT has two main components – fuel price and generation costs – this points to continued inefficiency on the energy giant’s part.
“Hence our call for TNB to stick to its renewable energy transition goal,” he added.
Both groups were commenting on the Federation of Malaysian Manufacturers’ (FMM) criticism of the government’s decision to maintain the electricity surcharge rate at 17 sen/kWh for non-domestic users under the ICPT mechanism.
Saying that it had expected a rate reduction following the overall decline of global fuel prices this year and the six-month lag, FMM’s president Soh Thian Lai lamented the lack of industry engagement before the announcement and called for more details on the decision.
He said there was a need for consistent engagement to address concerns and challenges, particularly during periods of high ICPT surcharge rates, especially for MV small and medium-sized industries. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2023/12/maintaining-icpt-rate-will-see.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Fmm Criticises Govt For Maintaining Non Domestic Icpt Rates

Fmm Criticises Govt For Maintaining Non Domestic Icpt Rates

papar berkaitan - pada 23/12/2023 - jumlah : 132 hits
FMM president Soh Thian Lai lamented the lack of engagement between the government and the industry prior to the announcement PETALING JAYA The Federation of Malaysian Manufacturers has criticised the government s decision to maintain the s...
Pn Leaders Deny Dubai Move In The Works Say Govt Diverting Attention

Pn Leaders Deny Dubai Move In The Works Say Govt Diverting Attention

papar berkaitan - pada 31/12/2023 - jumlah : 240 hits
Perikatan Nasional leaders have denied the claim by Community Communications Department deputy director general Ismail Yusop that a new plot is in the works to topple the current prime minister and the government Machang MP Wan Ahmad Fayhsa...
Johor Umno Unlikely To Agree To State Unity Govt Say Analysts

Johor Umno Unlikely To Agree To State Unity Govt Say Analysts

papar berkaitan - pada 28/12/2023 - jumlah : 202 hits
Political analysts believe that Johor Umno is unlikely to give in to pressure from Pakatan Harapan component parties to consider forming a unity government in the state Azmi Hassan of Akademi Nusantara said Umno s waning influence at the na...
Pas Youth Say No To The Merry X Mas Wish Fearing Going To Hell

Pas Youth Say No To The Merry X Mas Wish Fearing Going To Hell

papar berkaitan - pada 27/12/2023 - jumlah : 206 hits
PAS Youth shies away from openly extending Merry Christmas greeting AT A time when one would expect the young blood in PAS to be bolder and more receptive of the fact that Malaysia is Asia s cultural melting pot it seems that either the new...
Bask Bear Coffee Toastie Cukup Menyelerakan

Bask Bear Coffee Toastie Cukup Menyelerakan

papar berkaitan - pada 20/12/2023 - jumlah : 200 hits
Bask Bear Coffee rangkaian kedai kopi yang semakin popular di Malaysia kini hadir dengan lebih daripada 100 cawangan termasuk di Sabah dan Sarawak Kedai kopi ini bukan sahaja terkenal dengan pelbagai jenis kopi yang disediakan Malahan juga ...
Lewd Viral Video Wahab To See Chegubard In Court

Lewd Viral Video Wahab To See Chegubard In Court

papar berkaitan - pada 15/12/2023 - jumlah : 205 hits
Editor s note This story was updated after further clarification from Abdul Wahab Abdul Kadir Jilani s counsel Community Communications Department officer Abdul Wahab Abdul Kadir Jilani is set to haul Bersatu information committee member Ba...
Travellers See Red Over Labuan Ferry Operator S Technical Snafu

Travellers See Red Over Labuan Ferry Operator S Technical Snafu

papar berkaitan - pada 29/12/2023 - jumlah : 195 hits
Binabalu Sdn Bhd cites unforeseen technical issues affecting its two ferries Galaxy and Blue Ocean as the reason for the abrupt cessation of services LABUAN Juta Bonus Sdn Bhd one of Labuan s two ferry operators serving the Labuan Menumbok ...
Virtual Meetings Keep Corporate Travel At Bay Say Experts

Virtual Meetings Keep Corporate Travel At Bay Say Experts

papar berkaitan - pada 26/12/2023 - jumlah : 188 hits
Online communication tools have taken the lead as a replacement for corporate travel say those in the industry PETALING JAYA Despite signs of economic recovery corporate travel in Malaysia is yet to recover to pre pandemic levels say people...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

Tip Mudah Santan Berketul Jadi Elok Semula Letak Sehelai Daun Ini Saja

Maggi Goreng

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Pencipta Squid Game Hwang Dong Hyuk Sahkan Musim 3 Sebagai Penutup Kisah Gi Hun

Sedapnya Kopi Kering Beku Kapsul Dari Zus Coffee

Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology

A Sucker Punch For Rm1 000 What S The Value Of Dignity In Malaysia

Mencipta Paper Bag Yang Berkesan Elemen Dan Pilihan Bahan

11 Jam Dan 1 Jam