The base electricity tariff in Peninsular Malaysia will be raised from the current 39.95 sen/kWh to 45.62 sen/kWh (+14.2%) come July 2025, along with a new tariff schedule, The Star reports.
This change is part of the three-year Regulatory Period 4 (RP4) that will be effective from January 2025 to December 2027, replacing RP3 2022-2024. However, from January to end-June 2025, there will be no change in the electricity tariff rate and tariff structure, giving the public half a year to adjust. The current tariff schedule has been in place since 2014.
“Any differences from January to June 2025 (between the new and old base tariff rates) will be funded through Kumpulan Wang Industri Elektrik,” Tenaga Nasional Berhad (TNB) told the bourse, adding that the RP4 implementation shows the government’s commitment to the Incentive Based Regulation (IBR) framework.
“Through RP4 implementation under IBR, TNB commits to ensure a reliable and continuous supply of electricity to our customers, enhance customer service level and facilitate the nation’s energy transition agenda,” it said.
The allowed capital expenditure (capex) under RP4 is RM42.821 billion (RM26.554 billion base capex + RM16.267 billion contingent capex), while the allowed operating expenditure (opex) is RM20.782 billion.
“The regulatory rate of return has been maintained at 7.3% as per RP3. This will enable TNB to make essential investments in the industry, ensuring a continuous and reliable electricity supply to meet the growing demand of customers,” the utility giant said.
Generation costs remain the largest component of the electricity tariff, with gas and coal still the primary fuel sources during this period. Any additional generation costs resulting from higher fuel prices for electricity supply will be passed through via the Imbalance Cost Pass-Through mechanism.
“TNB remains neutral in this regard and there will be no impact to the company’s business operations or financial position,” it said.
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Surely going up since country economy doing very well plenty of buyers and user of EV. Those wanna save monies shud fix solar panels and backup battery pack.
Too much dependency on Coals burning power plant…..
If we have a high dependency on coal fired plants, our electricity costs will be low. The generation costs have gone up because of rising costs of natural gas for combined cycle gas turbine plants. Newer plants will incorporate hydrogen co-firing capability and the plant operators will be injecting up to 5% hydrogen into the fuel mix for some “green credentials”. The generation costs will be higher with hydrogen as it’s more expensive than natural gas.
Lucky haven’t buy EV
rugi RV rugi Electric
I’m lucky, lucky, very lucky. I’ve bought and EV and installed solar panels. Saved from future TNB bills hike and petrol subsidy reduction.
Lucky haven’t buy solar panel
Gomen now U-turn Electric
Since when Malaysia depends on coal? Lol. You have watched too much western news. You’re not very bright are you. We use mostly Gas to power up
Check your facts kiddo
Every IPP producing above 2000mW are Thermal Coal Plant
And the best is they destroy the environment, its people & pocket with no shame milking money doing it.
What is the alternative?
Coal? Even after all that LSS solar projects? Or you mean coz we reduce reliance on coal now that 14% Price Hike is to pay for these alternative energy crony projects?
Basically rakyat of all segments are screwed except businessowners who will pass on as business cost and charge customers higher prices. So it is double whammy for the regular rakyats.
Gaji naik 8% tapi tarif elektrik naik 14% this is what happens when undi pkr dapat zahid, undi bn dapat anwar bercukurlah masih aman
so if PN gov still in power, you thing will be no 14% hike? imagine, not just 14% hike, you will get gst, the highest oil and chicken price, not to mention no telur in market. you ok?
Well it seems like this will affect BEV sales
Penipu bagitahu kalau bagi peluang, semua barang turun harga. Tak turun pun tak apa, tapi semua naik!
you know since when all price increasing? since PN gov take over, please dont blame covid. the highest oil and chicken price is during PN gov. then what happened after that is all ready made food increase price. during PN gov, bukan kata beras tempatan, telur pun tak ada.
Blardy madani vultures.
Looks like PMX forced them to U-turn, lol.
EV adopters kena con already.
A good time to buy an electric car then.
Medical insurance,TNB,cukai pintu,car spare parts,Ron 95 all jacking up costs of living at break neck speed in 2025.
The question rakyat asks…if GLCs n local councils did not encounter huge deficits,why jack up rates even tho it is time for revision?
PMX,cant u postpone the increase ?
Rakyat still hasnt recovered from the pandemic crisis…economic wise.
Make no mistake…the rich and super rich dont give a damn over increases,but the lower rung of society are driven into more difficulties trying to put food on the table.
Dont test the resolve of the rakyat.GE 16 might see regime change.
Lets have a win win situation.Not Madani winner take all.
cakap nak promote ev, then do this
Bye bye EV… ICE is better
Time to install Solar panels