TNB assures no electricity tariff hike
TNB chief financial officer said this decision is in line with the government’s resolution on Dec 20 to maintain electricity tariffs for the period from Jan 1 to June 30, 2025.
KUALA LUMPUR - Tenaga Nasional Berhad (TNB) will not increase electricity tariffs for 85 per cent of domestic users, the utility company’s chief financial officer, Datuk Nazmi Othman said.
He said this decision is in line with the government’s resolution on Dec 20 to maintain electricity tariffs for the period from Jan 1 to June 30, 2025.
"During this period, domestic users will not be affected by any price hikes or impacts as the government will absorb these through mechanisms such as the Electricity Industry Fund (KWIE)," he said.
He said this at a media briefing on the implementation of the Fourth Regulatory Period (RP4) at the Leo Moggie Convention Centre, TNB Platinum in Bangsar here today.
Energy Commission (ST) chief executive officer Datuk Abdul Razib Dawood was also present.
Nazmi said before the period ends, the government will evaluate and review the electricity tariff structure, considering current coal, gas and fuel prices before announcing any further decisions.
"The next decision is expected to be announced before July, as the government will monitor the situation, including market prices for coal, gas and fuel, close to the expiration of the current electricity tariff schedule on June 30, 2025," he added. - BERNAMA
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