Tenaga Nasional Bhd (TNB) will have to pay more for the supply of gas from Petroliam Nasional Bhd (Petronas) from July 1 onwards.
But the electricity tariff will remain unchanged until end-December because TNB is able to absorb the higher cost of gas from savings amounting to RM1.1bil between January and June this year from the lower energy cost and benefits from the restructuring of the power purchase agreements (PPAs) amounting to RM300mil.
“The savings came about mainly from the reduction in the use of liquefied natural gas (LNG) for electricity generation supported by the high performance of coal power plants, as well as the downward trend of coal prices,” TNB said in a statement.
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But the electricity tariff will remain unchanged until end-December because TNB is able to absorb the higher cost of gas from savings amounting to RM1.1bil between January and June this year from the lower energy cost and benefits from the restructuring of the power purchase agreements (PPAs) amounting to RM300mil.
“The savings came about mainly from the reduction in the use of liquefied natural gas (LNG) for electricity generation supported by the high performance of coal power plants, as well as the downward trend of coal prices,” TNB said in a statement.
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