Coal prices, which had touched a high of almost US$120 per tonne in the middle of last year, have now moved down from that level and are now at US$95.65 per tonne. The price is still well above the US$75-per-tonne reference price that was set by the government then.(Filepic shows TNB's coal powered generator station at Manjung.)
PETALING JAYA: The profitability of Tenaga Nasional Bhd
(TNB) hinges on what the government decides on the imbalance cost pass-through (ICPT) mechanism in the next tariff review.
So far, the government has approved the implementation of the ICPT for the period of Jan 1-June 30, 2019, and the next electricity tariff setting is slated soon.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
