In order to ensure uninterruptible supply to our customer, TNB carries out structured preventive maintenance program of systematic inspection, detection, correction and prevention of incipient failures before they become actual or major faults throughout the year.
TNB, in turn, uses its Imbalance Cost Pass-Through (ICPT) mechanism to determine whether there would be a surcharge or rebate on the base price on a six-month basis.
"From TNB’s point of view, we expect that regulation and rules to be maintained until the next scheduled meeting," its chairman Tan Sri Leo Moggie told reporters on the sidelines of the Perdana Leadership Foundation CEO Forum 2019 organised by EY here today.
Moggie was responding to Prime Minister Tun Dr Mahathir Mohamad''s recent remarks that the government was considering reducing electricty tariffs in the wake of falling global coal and gas prices.
Of late, spot coal cargo prices for exports from Australia’s Newcastle terminal have fallen by more than 30 per cent from US$118 per tonne as of July 2018, to US$79 per tonne this week.
Moggie acknowledged that eventhough there is a downtrend pattern in coal and gas pricing, the levels are still above the base tariff of 39.45 sen per kWh, set by Energy Commission, for the three years of 2018, 2019 and 2020.
The base tariff of 39.45 sen per kWh is on the assumption that the international markets pricing of coal averages at US$75 per tonne and piped gas at RM27.20 per mmBtu.
He reiterated it is up to the government to undertake any revision of the electricity tariff as it is not within TNB''s power to interfere with the government''s decision.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States'' (AMS) interests in the energy sector.
KUALA LUMPUR, March 9 — The government is allocating RM10.76 billion to cover electricity bill subsidies for domestic consumers and non-domestic consumers in the low voltage (LV) category for the period from January 1 to June 30, 2023 (H1 2023).
Natural Resources, Environment and Climate Change Minster, Nik Nazmi Nik Ahmad said this covers users from Micro, Small and Medium Enterprises (PMKS), restaurants, retail stores, small workshops as well as users in the agricultural category such as farmers, breeders and smallholders.
"This means that 9.5 million electricity users who represent 99 per cent of all users in Peninsular Malaysia will not be affected by the increase in fuel costs for electricity generation," he said when winding up debate on the Supply Bill 2023 in the Dewan Rakyat, today.
Earlier Nik Nazmi said the electricity tariff is reviewed every six months through the Imbalance Cost Pass-Through (ICPT) mechanism taking into account fuel costs and other generation costs for the past six months.
However, he said the government has agreed to only pass on a surcharge of 20 sen/kWh to industrial and commercial users (High Voltage — HV and Medium Voltage — MV) for the period from January 1 to June 30, 2023 and the remaining surcharge of 7 sen/kWh equivalent to RM1.93 billion would be accommodated by the government.
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