TNB confirms tariff revision and fuel cost mechanism overhaul starting July 1
The revised schedule, approved under the Incentive-Based Regulation (IBR) framework, will take effect from July 1, 2025.
It aims to offer a fairer rate structure for more than 23.6 million domestic users, according to a statement by the Energy Commission (Suruhanjaya Tenaga) under the Ministry of Energy Transition and Water Transformation (PETRA).
In tandem, the government is also rolling out an enhanced fuel cost pass-through mechanism, dubbed the Automatic Fuel Adjustment (AFA), which will replace the existing Imbalance Cost Pass-Through (ICPT).
TNB said the AFA mechanism preserves the neutral impact of fuel cost fluctuations on the utility's financial performance.
TNB said in a Bursa Malaysia filing today that the RP4 revisions are positive for the group's role in supporting the National Energy Transition Roadmap (NETR).
The utility reiterated its commitment to ensuring reliable and continuous electricity supply across Peninsular Malaysia. — TMR
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