TNB looking to install 1 5 million smart meters in Klang Valley, Melaka this year | Malaysia malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
Kenanga Research has maintained its “overweight” rating on the sector given its resilient earnings thanks to regulated asset returns for Tenaga Nasional Bhd (TNB) and gas-based players, as well as PPA-bound income for the IPPs.
PETALING JAYA: The outlook for the utility sector is bound to improve this year with the expected increase in energy demand due to a gradual pick-up in economic activity.
Utility players have generally remained resilient throughout the pandemic despite the drop in energy dispatch during the movement control order as independent power producers (IPPs) are covered under the power purchase agreements (PPA).
This makes them a darling among analysts.
TNB users can expect lower electricity bills up to 9 2% for the first 6 months of 2021 soyacincau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from soyacincau.com Daily Mail and Mail on Sunday newspapers.
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Here’s some good news for 2021: 7.5 million domestic consumers are going to see a reduction of between 3.6% and 9.2% in their electricity bill for six months between 1 January until 30 June 2021.
Based on reports from Bernama, the government is giving out a RM0.20 rebate per killowatt hour (kWH) to domestic and industrial customers.
This is the first rebate given out consumers since July 2018.
This measure is taken following the government’s decision to extend TNB’s Second Regulatory Period under the Incentive Based Regulation (IBR) mechanism until Dec 31, 2021.
Energy and Natural Resources Minister Datuk Dr Shamsul Anuar Nasarah via Bernama
KUALA LUMPUR (Dec 23): Tenaga Nasional Bhd (TNB) has announced an electricity rebate of two sen per kilowatt hour (kWh) for domestic and industrial users for the first half of 2021. Beginning from Jan 1, 2021 until June 30, 2021, the government has approved an ICPT (Imbalance Cost Pass-Through) rebate of two sen/kWh for all customers including domestic customers with monthly consumption of 300kWh and below. This ICPT rebate is a result of a reduction in actual fuel costs for the period of July to December 2020, consistent with the reduction in actual coal and gas prices for the power sector, TNB said in a filing with Bursa Malaysia.