KUALA LUMPUR, 14 DECEMBER (Bernama) — Tenaga Nasional Bhd (TNB) will guarantee that electricity supply stays stable despite the energy crisis since energy is a critical infrastructure for shaping economic growth, particularly when capitalizing on post-pandemic prospects.
TNB is able to maintain supply constancy since it has varied its energy mix for power generation over time. Despite the energy crisis caused by the COVID-19 pandemic and the 2021 Ukraine-Russia conflict, global oil prices and other commodities such as coal reached multi-year highs. This puts enormous strain on Malaysia’s and the world’s electricity generation industries.
Malaysian consumers and companies, on the other hand, are relatively safe from the crisis because of several government policies such as Incentive-Based Regulation and the Malaysian Consumer Protection Act.
The Energy Commission said in January that the government will retain the current basic power rate of 39.45 sen per kilowatt-hour for all electricity consumers in Peninsular Malaysia throughout the Regulatory Period 3 (RP3), starting from February 1, 2022 to December 31, 2024.
The government also announced an electricity price increase of 3.7 sen per kilowatt hour (kWh) for non-domestic users from February to June 2022, while domestic customers would receive a two sen refund.