Sunday, June 26, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home News

TNB To Reportedly Increase Electricity Prices Next Month

It is expected to affect 30% of household consumers.

by Ikmal Rozlan
June 16, 2022
tnb eletricity bill

Image: TNB

660
SHARES
Share on FacebookShare on Twitter

Rising fuel prices caused by the Russia-Ukraine war might see Malaysian consumers imposed with a surcharge on their electricity bills in July. According to a report by The Vibes, Tenaga Nasional Berhad (TNB) is having trouble keeping the current electricity rates due to increasing coal prices, which is the source of almost half of the country’s output.

An unnamed source told the news portal that the federal government is apparently mulling over the issue of whether TNB would be allowed to pass on the increased cost on to consumers. Every six months, the Energy Commission (EC) reviews the Imbalance Cost Pass-Through (ICPT) formula which determines if a price hike is needed, with the next ICPT review set to commence next month.

tnb electricity

Earlier this year, the EC announced that it would maintain the current tariff rates at a two sen per kilowatt-hour (kWh) rebate for domestic users and a 3.7 sen per kWh surcharge for non-domestic users until 31 December 2024. At the time, coal prices were at US$200 (RM838) per tonne while the current price has hit US$386 (~RM1,697) per tonne as of writing.

Apparently, a cabinet paper on the surcharge issue was reportedly made available at Wednesday’s ministerial meeting. The source did not indicate just how much the rates will increase as presumably, nothing has been finalised until the EC conducts the ICPT review.

ADVERTISEMENT

tnb electricity

The one good news from the report is that consumers with bills of less than RM77 per month or with monthly consumption of less than 300 kWh might be exempted from the surcharge. This amounts to 70% of TNB’s 7.9 million domestic consumers or about five million households, meaning the increased rates are expected to affect about 30% of domestic households.

Soaring fuel prices have also affected other areas of the country, with airlines imposing a fuel surcharge for flight tickets to offset the cost. The government is even considering scrapping blanket fuel subsidies as it is getting too expensive, possibly opting for a targeted subsidy instead.

(Source: The Vibes [1][2])

Tags: billselectricityPricessurchargeTNB
Back to top
Share264Tweet165SendShare

ADVERTISEMENT

RELATED ARTICLES

Samsung Unveils 200MP HP3 ISOCELL Image Sensor
Hardware

Samsung Unveils 200MP HP3 ISOCELL Image Sensor

by John Law
June 25, 2022

Samsung Electronics officially unveiled the HP3, its latest ISOCELL imaging sensor. The sensor is rated for 200MP, just like its...

Read more
NVIDIA GeForce RTX 3070 Ti Founders Edition Review: What A Mid-Range On Steroids Looks Like
Rumours & Leaks

New Alleged NVIDIA GeForce RTX 40 Series Details Leak

by John Law
June 24, 2022

NVIDIA's rumour mill has been churning continuously for the last few month, the most recent gossip point being that the...

Read more
TNB Smart Meters: One Million Units and Counting
News

Electricity Tariff For Peninsular Malaysia To Remain As It Is For Now

by Ikmal Rozlan
June 24, 2022

The government has officially announced the electricity and water tariff for Peninsular Malaysia will remain as it is. This is...

Read more
Sabah launches electric bus programme
News

Electric Bus Pilot Programme Launches In Sabah; Free To Ride Throughout Its Six-Month Duration

by Heirul Kamel
June 24, 2022

The Sabah state government today has officially launched the pilot programme for its very first electric bus service in Kota...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    E-Hailing

    Gojek Confirms It Will Not Be Entering Malaysia

  2. 2
    E-Hailing

    Gojek Might Be Coming To Malaysia As Logo-Bearing Vehicle Spotted In KL

  3. 3
    News

    Employees Can Apply For Flexible Working Arrangements Starting 1 September

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.