TNB’s revenue grows on higher power demand

TNB posted third-quarter revenue of RM13.47bil on higher power demand.

PETALING JAYA: Growth in demand for electricity fuelled Tenaga Nasional Bhd’s (TNB) topline expansion but earnings were lower for the third quarter ended Sept 30 (3Q23) due to lower imbalance-cost -pass-through (ICPT) during the period.

ICPT is a mechanism that allows TNB to reflect changes (either increases or reductions) in fuel and other power generation-related costs in the electricity tariff every six months.