TNB expects demand for electricity to grow

HLIB Research said it stayed positive on TNB’s earnings outlook under the Regulatory Period 3 and Imbalance Cost Pass Through mechanisms.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) earnings recovery remains intact despite its sluggish performance in the first half of 2023 (1H23).

In tandem with economic recovery, as well as the increasing number of new data centres in Malaysia, the utility giant expects demand for electricity to grow over the immediate term. In addition, the stabilisation of coal prices is expected to alleviate its cost pressures.