Higher fuel costs from 2014 for consumers?


Expect higher electrical bills, and higher profits from TNB.

Dateliine 2013-07-23:

Malaysians can expect to pay higher electricity bills from early 2014 when the government is expected to implement its Fuel Cost Pass Through (FCPT) mechanism and pass on higher fuel costs directly to consumers.

According to MyPower Corp, the agency tasked with overhauling the power sector, the nuts and bolts of the FCPT mechanism is almost completed and will be ready for implementation early next year.

MyPower CEO Abdul Razak Abdul Majid said the FCPT is an important component of the government’s incentive-based regulation for the power sector and would be implemented by Tenaga Nasional Bhd(TNB) once the national power company can integrate it into its business model.

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This entry was posted on Saturday, August 31st, 2013 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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