Piped gas price in Peninsular Malaysia still sold below market price

January 19, 2016

Dateline 2015-12-14, The Star:

The price of piped gas in Peninsular Malaysia, which will be increased by RM1.50 per million metric British thermal units (mmBtu) for January-July 2016, is still sold below the market price, said Tenaga Nasional Bhd (TNB) chairman Tan Sri Leo Moggie.

However, under an agreement between TNB and Petroliam Nasional Bhd (Petronas), gas is supplied at RM15.20 per mmBtu for the first 1,000 million standard cu ft per day (mmscfd) compared with the liquefied natural gas (LNG) market price of RM46.041 quoted by Petronas for the period from October to December 2014.

He said under the Government’s subsidy rationalisation programme, the piped gas price would be revised gradually every six months until it reached the market price.

“However, at the moment it is still subsidised (by the government),” he told a press conference after TNB’s AGM in Kuala Lumpur on Monday.


More electricity rate ‘shocks’ on horizon, ANZ warns

March 11, 2014

Where’s the portable nuclear reactor we were promised? Heck, have they selected the location of Malaysia’s first nuclear plant yet? I guess Bukit Merah, or next to Lynas.

Dateline 2014-02-03, The Malay Mail:

Malaysians consumers and firms still adjusting to the recent electricity tariff increase have been warned to expect more to come, with analysts at one of Australia’s biggest banks predicting ASEAN countries will hike power rates this year.

Pointing to steadily increasing prices for liquefied petroleum gas, the primary fuel source for power generation in Malaysia and many other ASEAN states, analysts at ANZ forecast that governments in the region will be under pressure to hike electricity rates further.

 

 


REALLY? ‘Tariff hike VITAL to cover TNB’s escalating costs’

January 19, 2014

History, but what the hey…

Don’t just be energy efficient, embrace an energy efficiency culture.

Dateline 2013-12-06, Malaysia Chronicle:

AN imminent power tariff hike may give Tenaga Nasional Bhd a profit boost but it is still spending more than what it earns, industry sources say.

TNB is spending at least RM6 billion on new infrastructure, maintenance and capital expenditure (capex) annually to ensure power supply sustainability.

The investment is higher than the RM4.6 billion profit the national utility posted for the year ended August 31 2013, they noted.

The tariff revision, which is effective from January 1, is crucial to help TNB meet rising costs of supply, reinvest in ageing equipment and make improvements in providing reliable and quality electricity supply.

Of the RM6 billion, TNB invests between RM3.5 billion and RM4 billion annually for new supply and system improvements to its distribution networks and multi-connection channels, sources said.


Need to remove energy subsidies

October 14, 2013

Dateline 2013-09-03, NST:

WASTEFUL: Malaysians are not energy efficient and prone to abuse the low price of electricity

TENAGA Nasional Berhad (TNB)has dropped a hint that the electricity tariff in Malaysia in likely to be revised next year, citing the higher cost of fuel in recent years.

The recent statement by TNB’s president and chief executive officer suggests that the company is looking into increasing the power tariff while stressing that it will not burden households.


Higher fuel costs from 2014 for consumers?

August 31, 2013

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.

 


Malaysia’s TNB, Petronas to build gas plant, LNG terminal

February 5, 2012

Dateline 2012-02-01:

Malaysia’s national power producer Tenaga Nasional Bhd and state oil firm Petronas will invest in a 2 billion ringgit ($657.46 million) gas plant and liquefied natural gas (LNG) terminal in Borneo island, the Star reported on Thursday.

The Star cited outgoing Tenaga Chief Executive Che Khalib Mohammad Noh as saying the 300 megawatts (MW) and LNG terminal in Malaysian state of Sabah will be operational by 2015.

The Malaysian states in Borneo island often suffer frequent electricity disruptions as there is not enough power supply generation.