TNB gets nod for RP3; electricity tariff remains

KUALA LUMPUR: The Government has approved and decided to implement Regulatory Period 3 (RP3) under the incentive base regulation framework (IBR) for the period of February 2022 to December 2024.

In a filing with Bursa Malaysia, Tenaga Nasional Bhd said the Government had approved and decided via a letter from the Energy Commission (EC) to implement the RP3.

“The Government has decided to maintain the current electricity tariff schedule for all customers in Peninsular Malaysia. This decision complies with the rules and regulation under the Regulatory Implementation Guidelines (RIGs),” it said.

The Government has also approved the continued implementation of the imbalance cost pass-through (ICPT) mechanism for the period of Feb 1 until June 30, 2022.

It said the decision was made to address the additional generation costs due to the higher fuel prices used for the supply of electricity during the period of July 1 until Dec 31, 2021.

“TNB also wishes to inform that the impact of ICPT implementation, based on the RIGs, is neutral on TNB and will not have any effect to the business operations and financial position,” TNB said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Tenaga , TNB , Regulatory Period 3 , RP3 , IBR , electricity


Next In Business News

Jentayu enters JV for RM78mil GDV condo project
Signature to acquire 23.67% stake in Fiamma for RM180mil
SunREIT net property income jumps 77.4% to RM118.92mil
Bursa Malaysia ends higher for third straight day
Aeon Co. posts jump in 1Q net profit to RM28.07mil
Malaysia Smelting Corp's 1Q net profit jumps to RM64.34mil
KPFB, SIAB ink MoU for JV project with GDV of RM389mil
LBS Bina records net profit of RM30.16mil in 1Q
Petronas Chemicals to acquire speciality chemicals firm Perstorp for RM10.5bil
Al Gore's Generation Investment launches US$1.7bil fund

Others Also Read