TNB gets govt’s approval to continue ICPT

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has obtained approval from the government to continue implementing the Imbalance Cost Pass-Through (ICPT) mechanism for the period Jan 1 to June 30, 2024.

“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 to to Dec 31, 2023,” TNB said in a filing with Bursa Malaysia.