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.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

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!

Next In Business News

CIMB’s succession planning coming into sharp focus
Quebec pension hit with real estate loss as ‘hostile’ market persists
Strong earnings visibility for Matrix Concepts
TRX takes the spotlight
Japan takes Taiwan’s helping hand in chip ops
TM sets sights on even stronger growth this year
Soul-searching for ringgit solutions
Central Europe shoppers still shell-shocked
UMWT to drive green mobility growth
Sarawak’s new energy play gains more attention

Others Also Read